Value Equity Correlations

Mutual Funds . USA . 
Fund . Value Equity Investor
GVEZX Fund  USD 19.01  0.04  0.21%   
The current 90-days correlation between Value Equity Investor and Intal High Relative is 0.82 (i.e., Very poor diversification). 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

Almost no diversification

The correlation between Value Equity Investor and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Equity Investor 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 Investor. 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 Value Mutual Fund

  0.88GCOZX Growth AllocationPairCorr
  0.91GDMYX Defensive Market StrPairCorr
  0.91GDMZX Defensive Market StrPairCorr
  1.0GVEYX Value Equity InstituPairCorr
  0.98GVIYX Guidestone Value EquityPairCorr
  0.98GVIZX Guidestone Value EquityPairCorr
  0.81GEIYX Guidestone Growth EquityPairCorr
  0.81GEIZX Guidestone Growth EquityPairCorr
  0.86GEMYX Emerging Markets EquityPairCorr
  0.86GEMZX Emerging Markets EquityPairCorr
  0.88GEQYX Equity Index InstituPairCorr
  0.88GEQZX Equity Index InvestorPairCorr
  0.85GFIZX Conservative AllocationPairCorr
  0.88GGBZX Aggressive AllocationPairCorr
  0.82GGEYX Guidestone Fds GrowthPairCorr
  0.82GGEZX Growth Equity InvestorPairCorr
  0.88GGIZX Balanced AllocationPairCorr
  0.87GGRYX Growth AllocationPairCorr
  0.76GIEYX International EquityPairCorr
  0.76GIEZX International EquityPairCorr
  0.73GIIYX International EquityPairCorr
  0.74GIIZX Guidestone Funds IntPairCorr
  0.87GMFZX Mydestination 2045PairCorr
  0.79GMEYX Guidestone Funds ImpactPairCorr
  0.78GMEZX Guidestone Funds ImpactPairCorr
  0.87GMHYX Mydestination 2035PairCorr
  0.87GMHZX Mydestination 2035PairCorr
  0.86GMGYX Mydestination 2055PairCorr
  0.86GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

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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.

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