Value Equity Correlations

GVEYX Fund

USD 19.46 0.22 1.12%

The correlation of Value Equity 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.

Value Equity Correlation With Market

Very poor diversification

The correlation between Value Equity Institutional and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Equity Institutional 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 Value Equity Institutional. 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 population.

Moving together with Value Mutual Fund

0.93	GCOZX	Growth Allocation	Pair Corr
0.92	GDMYX	Defensive Market Str	Pair Corr
0.93	GDMZX	Defensive Market Str	Pair Corr
1.0	GVEZX	Value Equity Investor	Pair Corr
0.79	GVIYX	Guidestone Value Equity	Pair Corr
0.98	GVIZX	Guidestone Value Equity	Pair Corr
0.76	GEIYX	Guidestone Growth Equity	Pair Corr
0.86	GEIZX	Guidestone Growth Equity	Pair Corr
0.82	GEMYX	Emerging Markets Equity	Pair Corr
0.83	GEMZX	Emerging Markets Equity	Pair Corr
0.89	GEQYX	Equity Index Institu	Pair Corr
0.9	GEQZX	Equity Index Investor	Pair Corr
0.87	GFIZX	Conservative Allocation	Pair Corr
0.93	GGBZX	Aggressive Allocation	Pair Corr
0.61	GGBEX	Global Bond Fund	Pair Corr
0.83	GGEYX	Guidestone Fds Growth	Pair Corr
0.83	GGEZX	Growth Equity Investor	Pair Corr
0.91	GGIZX	Balanced Allocation	Pair Corr
0.93	GGRYX	Growth Allocation	Pair Corr
0.86	GIEYX	International Equity	Pair Corr
0.86	GIEZX	International Equity	Pair Corr
0.91	GIIYX	International Equity	Pair Corr
0.78	GIIZX	Guidestone Funds Int	Pair Corr
0.62	GLDYX	Low Duration Bond	Pair Corr
0.67	GMDZX	Medium Duration Bond	Pair Corr
0.92	GMFZX	Mydestination 2045	Pair Corr
0.92	GMHYX	Mydestination 2035	Pair Corr
0.93	GMGYX	Mydestination 2055	Pair Corr
0.94	GMGZX	Mydestination 2055	Pair Corr
0.89	GMTYX	Mydestination 2015	Pair Corr
0.9	GMTZX	Mydestination 2015	Pair Corr
0.91	GMWYX	Mydestination 2025	Pair Corr
0.91	GMWZX	Mydestination 2025	Pair Corr
0.93	GMYYX	Mydestination 2045	Pair Corr
0.72	GREYX	Global Real Estate	Pair Corr

Related Correlations Analysis

	JHMXX	HUCXX	PFCXX	PBMXX	FMFXX	SMAAX
JHMXX		0.0	0.0	0.0	0.0	0.0	JHMXX
HUCXX	0.0		0.0	0.0	0.0	0.0	HUCXX
PFCXX	0.0	0.0		0.0	0.0	0.0	PFCXX
PBMXX	0.0	0.0	0.0		0.0	0.0	PBMXX
FMFXX	0.0	0.0	0.0	0.0		0.0	FMFXX
SMAAX	0.0	0.0	0.0	0.0	0.0		SMAAX
	JHMXX	HUCXX	PFCXX	PBMXX	FMFXX	SMAAX

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

HUCXX	+ 0.0	JHMXX
PFCXX	+ 0.0	JHMXX
PBMXX	+ 0.0	JHMXX
FMFXX	+ 0.0	JHMXX
SMAAX	+ 0.0	JHMXX
PFCXX	+ 0.0	HUCXX

High negative correlations

SMAAX	- 0.0	FMFXX
SMAAX	- 0.0	PBMXX
FMFXX	- 0.0	PBMXX
SMAAX	- 0.0	PFCXX
FMFXX	- 0.0	PFCXX
PBMXX	- 0.0	PFCXX

Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Equity 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 Value Equity'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.09	0.02	(0.12)	4.77	(0.15)	0.20	(0.10)	0.59

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