Conservative Allocation Correlations

GFIZX Fund

USD 11.78 0.21 1.75%

The current 90-days correlation between Conservative Allocation and Growth Allocation Fund is -0.08 (i.e., Good diversification). The correlation of Conservative Allocation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Conservative Allocation Correlation With Market

Significant diversification

The correlation between Conservative Allocation Fund and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conservative Allocation Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Conservative Allocation Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Conservative Mutual Fund

0.66	GCOZX	Growth Allocation	Pair Corr
0.69	GDMYX	Defensive Market Str	Pair Corr
0.89	GVEYX	Value Equity Institu	Pair Corr
0.84	GVIZX	Guidestone Value Equity	Pair Corr
0.61	GEIZX	Guidestone Growth Equity	Pair Corr
0.92	GEMYX	Emerging Markets Equity	Pair Corr
0.64	GEMZX	Emerging Markets Equity	Pair Corr
0.62	GFSYX	Strategic Alternatives	Pair Corr
0.62	GFSZX	Strategic Alternatives	Pair Corr
0.91	GGBZX	Aggressive Allocation	Pair Corr
0.66	GGEZX	Growth Equity Investor	Pair Corr
0.92	GGIZX	Balanced Allocation	Pair Corr
0.8	GGRYX	Growth Allocation	Pair Corr
0.7	GIEYX	International Equity	Pair Corr
0.69	GIEZX	International Equity	Pair Corr
0.84	GIIYX	International Equity	Pair Corr
0.79	GIIZX	Guidestone Funds Int	Pair Corr
0.73	GLDYX	Low Duration Bond	Pair Corr
0.79	GMDZX	Medium Duration Bond	Pair Corr
0.91	GMFZX	Mydestination 2045	Pair Corr
0.92	GMHYX	Mydestination 2035	Pair Corr
0.9	GMGYX	Mydestination 2055	Pair Corr
0.9	GMGZX	Mydestination 2055	Pair Corr
0.93	GMTYX	Mydestination 2015 Potential Growth	Pair Corr
0.99	GMTZX	Mydestination 2015 Potential Growth	Pair Corr
0.99	GMWYX	Mydestination 2025	Pair Corr
0.99	GMWZX	Mydestination 2025	Pair Corr
0.91	GMYYX	Mydestination 2045	Pair Corr

Related Correlations Analysis

	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX
GCOZX		0.94	0.46	0.49	0.58	0.32	0.41	0.52	0.72	0.67	GCOZX
GDMYX	0.94		0.55	0.51	0.63	0.42	0.47	0.52	0.7	0.7	GDMYX
GDMZX	0.46	0.55		0.65	0.7	0.93	0.64	0.89	0.71	0.45	GDMZX
GVEYX	0.49	0.51	0.65		0.51	0.53	0.97	0.65	0.63	0.77	GVEYX
GVEZX	0.58	0.63	0.7	0.51		0.69	0.48	0.54	0.76	0.31	GVEZX
GVIYX	0.32	0.42	0.93	0.53	0.69		0.56	0.69	0.54	0.2	GVIYX
GVIZX	0.41	0.47	0.64	0.97	0.48	0.56		0.58	0.54	0.7	GVIZX
GEIYX	0.52	0.52	0.89	0.65	0.54	0.69	0.58		0.79	0.61	GEIYX
GEIZX	0.72	0.7	0.71	0.63	0.76	0.54	0.54	0.79		0.61	GEIZX
GEMYX	0.67	0.7	0.45	0.77	0.31	0.2	0.7	0.61	0.61		GEMYX
	GCOZX	GDMYX	GDMZX	GVEYX	GVEZX	GVIYX	GVIZX	GEIYX	GEIZX	GEMYX

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Risk-Adjusted Indicators

There is a big difference between Conservative Mutual Fund performing well and Conservative Allocation Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Conservative Allocation's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCOZX	0.54	(0.11)	0.00	(0.07)	0.00	0.00	0.91	(1.12)	2.71
GDMYX	0.46	(0.10)	0.00	(0.08)	0.00	0.00	0.72	(0.87)	2.36
GDMZX	0.34	0.04	(0.04)	0.93	0.48	(0.35)	0.72	(0.64)	2.37
GVEYX	0.51	0.06	0.00	2.19	0.60	(0.56)	1.16	(1.12)	3.29
GVEZX	0.52	0.01	0.00	0.08	0.61	(0.56)	1.16	(1.12)	3.29
GVIYX	0.52	0.06	0.00	1.14	0.61	(0.57)	1.04	(1.01)	3.38
GVIZX	0.52	0.07	0.00	3.48	0.59	(0.58)	1.12	(1.01)	3.38
GEIYX	0.75	0.08	0.02	0.87	1.11	(0.74)	1.75	(1.71)	4.29
GEIZX	0.73	0.08	0.01	0.95	1.07	(0.74)	1.70	(1.71)	4.29
GEMYX	0.70	0.13	0.07	1.47	0.83	(0.80)	1.54	(1.18)	4.73

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Conservative Allocation Correlations

Conservative Allocation Correlation With Market

Significant diversification

Moving together with Conservative Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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