Guidepath Tactical Correlations

GPTUX Fund

USD 14.05 0.05 0.36%

The current 90-days correlation between Guidepath Tactical and Fanisx is -0.04 (i.e., Good diversification). The correlation of Guidepath Tactical 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 Tactical Correlation With Market

Very poor diversification

The correlation between Guidepath Tactical Allocation and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Tactical Allocation 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 Tactical Allocation. 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 housing.

Moving together with Guidepath Mutual Fund

0.86	GMCOX	Guidemark E Fixed	Pair Corr
0.9	GMLVX	Guidemark Large Cap	Pair Corr
0.99	GMLGX	Guidemark Large Cap	Pair Corr
0.91	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.88	GMWEX	Guidemark World Ex	Pair Corr
0.97	GPSTX	Guidepath Growth All	Pair Corr
0.96	GPTCX	Guidepath Servative	Pair Corr
0.94	PAALX	All Asset Fund	Pair Corr
0.94	PATRX	Pimco All Asset	Pair Corr
0.94	PAAIX	All Asset Fund	Pair Corr
0.94	PALPX	Pimco All Asset	Pair Corr
0.95	PASAX	All Asset Fund	Pair Corr
0.95	PASCX	All Asset Fund	Pair Corr
0.94	PAANX	Pimco All Asset	Pair Corr
0.94	PAUPX	Pimco All Asset	Pair Corr
0.94	PAUIX	Pimco All Asset	Pair Corr
0.85	WARRX	Wells Fargo Advantage	Pair Corr
0.78	ASG	Liberty All Star	Pair Corr
0.88	CII	Blackrock Enhanced Potential Growth	Pair Corr
0.94	ETV	Eaton Vance Tax	Pair Corr
0.87	CLM	Cornerstone Strategic	Pair Corr
0.89	CRF	Cornerstone Strategic	Pair Corr
0.86	ETY	Eaton Vance Tax	Pair Corr
0.92	NFJ	Virtus Dividend Interest	Pair Corr
0.96	GBAYX	Balanced Allocation	Pair Corr
0.87	NMNJX	Nuveen New Jersey	Pair Corr
0.91	XNCVX	Allianzgi Convertible	Pair Corr
0.91	AASOX	Alger Small Cap	Pair Corr
0.89	OGMCX	Oppenheimer Gold Special	Pair Corr
0.88	FHYVX	Franklin High Yield	Pair Corr
0.85	PHK	Pimco High Income	Pair Corr
0.81	PACLX	T Rowe Price	Pair Corr
0.81	CHY	Calamos Convertible And	Pair Corr
0.98	LMUSX	Qs Large Cap	Pair Corr
0.9	PIEFX	Pnc Emerging Markets	Pair Corr
0.92	TIEHX	Tiaa Cref International	Pair Corr

Moving against Guidepath Mutual Fund

0.45	IIF	Morgan Stanley India	Pair Corr
0.6	IFN	India Closed	Pair Corr
0.44	USA	Liberty All Star	Pair Corr

Related Correlations Analysis

	FANISX	IAADX	MFTFX	AUUIX	CPUCX	FKHEMX
FANISX		0.91	0.7	0.83	0.99	0.88	FANISX
IAADX	0.91		0.69	0.94	0.96	0.93	IAADX
MFTFX	0.7	0.69		0.8	0.69	0.85	MFTFX
AUUIX	0.83	0.94	0.8		0.88	0.98	AUUIX
CPUCX	0.99	0.96	0.69	0.88		0.91	CPUCX
FKHEMX	0.88	0.93	0.85	0.98	0.91		FKHEMX
	FANISX	IAADX	MFTFX	AUUIX	CPUCX	FKHEMX

Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath Tactical 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 Tactical'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
FANISX	0.26	0.06	0.04	(4.73)	0.00	(0.33)	0.65	(0.36)	1.27
IAADX	0.17	0.05	0.03	0.54	0.00	(0.24)	0.43	(0.21)	0.96
MFTFX	0.97	0.16	0.09	0.26	1.22	(1.01)	2.37	(2.90)	6.19
AUUIX	0.42	0.02	0.02	0.08	0.56	(0.46)	1.13	(0.69)	3.77
CPUCX	0.20	0.00	0.01	0.00	0.00	(0.28)	0.54	(0.32)	0.98
FKHEMX	0.52	0.06	0.07	0.12	0.60	(0.57)	1.32	(0.92)	4.15

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