Mydestination 2015 Correlations

Mutual Funds . USA . 
Fund . Mydestination 2015 Fund
GMTZX Fund  USD 10.28  0.02  0.19%   
The current 90-days correlation between Mydestination 2015 and Growth Allocation Fund is 0.94 (i.e., Almost no diversification). The correlation of Mydestination 2015 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.

Mydestination 2015 Correlation With Market

Very poor diversification

The correlation between Mydestination 2015 Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mydestination 2015 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 Mydestination 2015 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 Mydestination Mutual Fund

  0.99GCOZX Growth AllocationPairCorr
  0.99GDMYX Defensive Market StrPairCorr
  0.99GDMZX Defensive Market StrPairCorr
  0.95GVEYX Value Equity InstituPairCorr
  0.95GVEZX Value Equity InvestorPairCorr
  0.98GVIYX Guidestone Value EquityPairCorr
  0.98GVIZX Guidestone Value EquityPairCorr
  0.99GEIYX Guidestone Growth EquityPairCorr
  0.99GEIZX Guidestone Growth EquityPairCorr
  0.98GEMYX Emerging Markets EquityPairCorr
  0.98GEMZX Emerging Markets EquityPairCorr
  0.99GEQYX Equity Index InstituPairCorr
  0.99GEQZX Equity Index InvestorPairCorr
  1.0GFIZX Conservative AllocationPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.86GGBEX Global Bond FundPairCorr
  0.86GGBFX Global Bond FundPairCorr
  0.99GGEYX Guidestone Fds GrowthPairCorr
  0.99GGEZX Growth Equity InvestorPairCorr
  1.0GGIZX Balanced AllocationPairCorr
  0.99GGRYX Growth AllocationPairCorr
  0.96GIEYX International EquityPairCorr
  0.96GIEZX International EquityPairCorr
  0.96GIIYX International EquityPairCorr
  0.96GIIZX Guidestone Funds IntPairCorr
  0.92GLDYX Low Duration BondPairCorr
  0.9GLDZX Low Duration BondPairCorr
  0.81GMDYX Medium Duration BondPairCorr
  0.8GMDZX Medium Duration BondPairCorr
  0.99GMFZX Mydestination 2045PairCorr
  0.99GMEYX Guidestone Funds ImpactPairCorr
  0.99GMEZX Guidestone Funds ImpactPairCorr
  1.0GMHYX Mydestination 2035PairCorr
  1.0GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  0.99GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mydestination Mutual Fund performing well and Mydestination 2015 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 Mydestination 2015'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCOZX  0.40  0.09  0.06  0.31  0.08 
(0.50)
 1.29 
(0.98)
 2.84 
GDMYX  0.34  0.06 (0.02) 0.25  0.16 
(0.42)
 0.92 
(0.77)
 2.46 
GDMZX  0.34  0.05 (0.03) 0.24  0.20 
(0.40)
 0.92 
(0.77)
 2.56 
GVEYX  0.65  0.12  0.11  0.27  0.44 
(0.78)
 1.74 
(1.16)
 4.96 
GVEZX  0.66  0.11  0.11  0.27  0.46 
(0.79)
 1.80 
(1.18)
 4.97 
GVIYX  0.59  0.02 (0.01) 0.16  0.62 
(0.69)
 1.57 
(1.16)
 4.30 
GVIZX  0.58  0.02 (0.01) 0.16  0.59 
(0.68)
 1.62 
(1.16)
 4.20 
GEIYX  0.80  0.18  0.16  0.32  0.66 
(0.97)
 2.45 
(1.26)
 5.67 
GEIZX  0.80  0.18  0.16  0.32  0.67 
(0.97)
 2.39 
(1.26)
 5.67 
GEMYX  0.53  0.20  0.20  0.57  0.00 
(0.66)
 1.72 
(0.90)
 4.07 

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