Guidestone Funds Correlations

GMBYX Fund

9.56 0.04 0.42%

The current 90-days correlation between Guidestone Funds and Jp Morgan Smartretirement is 0.06 (i.e., Significant diversification). The correlation of Guidestone Funds 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.

Guidestone Funds Correlation With Market

Significant diversification

The correlation between Guidestone Funds and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Funds 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. 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 manufacturing.

Moving together with Guidestone Mutual Fund

0.69	GGBFX	Global Bond Fund	Pair Corr
0.72	GLDYX	Low Duration Bond	Pair Corr
0.76	GLDZX	Low Duration Bond	Pair Corr
0.89	GMDYX	Medium Duration Bond	Pair Corr
0.71	GMDZX	Medium Duration Bond	Pair Corr
0.88	GMBZX	Guidestone Funds	Pair Corr

Moving against Guidestone Mutual Fund

0.33	GFSZX	Strategic Alternatives	Pair Corr
0.31	GFSYX	Strategic Alternatives	Pair Corr

Related Correlations Analysis

	JTSQX	TGVCX	TRSAX	RTIUX	IHICX	TRBCX
JTSQX		0.97	0.99	0.96	0.94	0.97	JTSQX
TGVCX	0.97		0.97	0.96	0.94	1.0	TGVCX
TRSAX	0.99	0.97		0.94	0.94	0.97	TRSAX
RTIUX	0.96	0.96	0.94		0.94	0.96	RTIUX
IHICX	0.94	0.94	0.94	0.94		0.94	IHICX
TRBCX	0.97	1.0	0.97	0.96	0.94		TRBCX
	JTSQX	TGVCX	TRSAX	RTIUX	IHICX	TRBCX

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Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Funds 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 Guidestone Funds' 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
JTSQX	0.71	0.08	0.05	0.33	0.51	(0.81)	1.66	(1.35)	10.40
TGVCX	1.09	0.51	0.13	(0.95)	0.91	(1.24)	2.53	(1.52)	14.91
TRSAX	1.07	0.10	0.12	0.32	0.88	(1.29)	2.64	(1.51)	14.75
RTIUX	0.60	0.30	0.04	(2.32)	0.50	(0.70)	1.63	(0.97)	5.77
IHICX	0.27	0.08	(0.25)	3.45	0.30	(0.34)	0.62	(0.38)	1.95
TRBCX	1.13	0.53	0.14	(1.01)	0.94	(1.34)	2.83	(1.56)	16.05

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