Guidepath Conservative Correlations

GPICX Fund

USD 9.60 0.01 0.10%

The current 90-days correlation between Guidepath Conservative and Guidepath Absolute Return is 0.75 (i.e., Poor diversification). The correlation of Guidepath Conservative 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.

Guidepath Conservative Correlation With Market

Modest diversification

The correlation between Guidepath Conservative Income and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Conservative Income 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 Guidepath Conservative Income. 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 Guidepath Mutual Fund

0.85	GPIFX	Guidepath Flexible Income	Pair Corr
0.73	GPINX	Guidepath Income	Pair Corr
0.79	GPMIX	Guidepath Multi Asset	Pair Corr
0.67	VBIRX	Vanguard Short Term	Pair Corr
0.65	VFSUX	Vanguard Short Term	Pair Corr
0.83	VFSIX	Vanguard Short Term	Pair Corr
0.68	VFSTX	Vanguard Short Term	Pair Corr
0.68	VBITX	Vanguard Short Term	Pair Corr
0.71	VBISX	Vanguard Short Term	Pair Corr
0.71	VSCSX	Vanguard Short Term	Pair Corr
0.8	LALDX	Lord Abbett Short	Pair Corr
0.82	LDLAX	Lord Abbett Short	Pair Corr
0.82	LDLRX	Lord Abbett Short	Pair Corr
0.64	VOHIX	Vanguard Ohio Long	Pair Corr
0.85	BUSIX	Sterling Capital Ultra	Pair Corr
0.69	DRRAX	Dreyfus Global Real	Pair Corr
0.81	TNYIX	Thornburg New York	Pair Corr
0.84	PLUAX	Aristotle Funds Series	Pair Corr

Moving against Guidepath Mutual Fund

0.59	MBIRX	Morgan Stanley Insight	Pair Corr
0.54	MGHRX	Morgan Stanley Insti	Pair Corr
0.59	MSCMX	Morgan Stanley Multi	Pair Corr
0.56	MCRTX	Morgan Stanley Multi	Pair Corr
0.56	MSGUX	Growth Portfolio Class	Pair Corr
0.54	MGRPX	Growth Portfolio Class	Pair Corr

Related Correlations Analysis

	GPARX	GPICX	GPIFX	GPIGX	GPINX	GPMFX	GPMIX
GPARX		0.47	0.62	0.62	0.6	0.52	0.64	GPARX
GPICX	0.47		0.85	0.55	0.73	-0.02	0.79	GPICX
GPIFX	0.62	0.85		0.83	0.83	0.01	0.72	GPIFX
GPIGX	0.62	0.55	0.83		0.53	-0.04	0.44	GPIGX
GPINX	0.6	0.73	0.83	0.53		0.3	0.8	GPINX
GPMFX	0.52	-0.02	0.01	-0.04	0.3		0.42	GPMFX
GPMIX	0.64	0.79	0.72	0.44	0.8	0.42		GPMIX
	GPARX	GPICX	GPIFX	GPIGX	GPINX	GPMFX	GPMIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GPIFX	+ 0.85	GPICX
GPIGX	+ 0.83	GPIFX
GPINX	+ 0.83	GPIFX
GPMIX	+ 0.8	GPINX
GPMIX	+ 0.79	GPICX
GPINX	+ 0.73	GPICX

High negative correlations

GPMFX	- 0.04	GPIGX
GPMFX	- 0.02	GPICX

Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath Conservative 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 Guidepath Conservative'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
GPARX	0.25	(0.04)	0.00	(0.10)	0.00	0.00	0.62	(0.61)	4.04
GPICX	0.03	(0.01)	0.00	(0.27)	0.00	0.00	0.10	0.00	0.73
GPIFX	0.12	(0.03)	0.00	(0.18)	0.00	0.00	0.23	(0.23)	2.02
GPIGX	0.65	(0.18)	0.00	(0.19)	0.00	0.00	0.97	(0.88)	12.80
GPINX	0.15	(0.02)	(0.31)	(0.06)	0.19	(0.19)	0.35	(0.35)	1.15
GPMFX	0.64	0.02	0.00	0.10	0.79	(0.67)	1.30	(1.42)	3.61
GPMIX	0.31	(0.02)	(0.14)	0.03	0.34	(0.35)	0.68	(0.60)	1.95

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC