Guidemark(r) Core Correlations

Mutual Funds . USA . 
Fund . Guidemark E Fixed
GMCOX Fund  USD 8.20  0.02  0.24%   
The current 90-days correlation between Guidemark E Fixed and Nasdaq 100 Index Fund is 0.09 (i.e., Significant diversification). The correlation of Guidemark(r) Core 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.

Guidemark(r) Core Correlation With Market

Significant diversification

The correlation between Guidemark E Fixed 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 Guidemark E Fixed 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 Guidemark E Fixed. 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 persons.

Moving together with Guidemark(r) Mutual Fund

  0.64GMLVX Guidemark Large CapPairCorr
  0.61GPSTX Guidepath Growth AllPairCorr
  0.69GPTCX Guidepath ServativePairCorr
  0.65GPTUX Guidepath TacticalPairCorr
  0.97VBTLX Vanguard Total BondPairCorr
  0.92VBMFX Vanguard Total BondPairCorr
  0.92VBTIX Vanguard Total BondPairCorr
  0.92VTBSX Vanguard Total BondPairCorr
  0.98VTBIX Vanguard Total BondPairCorr
  0.92VTBNX Vanguard Total BondPairCorr
  0.92FBOFX American FundsPairCorr
  0.92FFBOX American FundsPairCorr
  0.92BFAFX Bond FundPairCorr
  0.98ABNDX Bond FundPairCorr
  0.65CPAYX Columbia Pacific/asiaPairCorr
  0.7CASAX Columbia Pacific/asiaPairCorr
  0.74CCCZX Center St BrookfieldPairCorr
  0.69CASCX Columbia PacificasiaPairCorr
  0.61USSPX Sp 500 IndexPairCorr
  0.61OGFAX Jpmorgan Equity IndexPairCorr
  0.7AXBIX Intermediate Term TaxPairCorr
  0.89UDBPX Ubs Sustainable DevePairCorr
  0.61MKLOX Blackrock Global AllPairCorr
  0.83KCLSX Knights Of UmbusPairCorr
  0.83MXGBX Great West TempletonPairCorr
  0.99ABNFX Bond FundPairCorr
  0.61HIAGX Hartford DisciplinedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guidemark(r) Mutual Fund performing well and Guidemark(r) Core 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 Guidemark(r) Core'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.

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