Guidestone Value Correlations

Mutual Funds . USA . 
Fund . Guidestone Value Equity
GVIZX Fund  USD 12.28  0.07  0.57%   
The current 90-days correlation between Guidestone Value Equity and Barings High Yield is 0.51 (i.e., Very weak diversification). The correlation of Guidestone Value 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.

Guidestone Value Correlation With Market

Good diversification

The correlation between Guidestone Value Equity and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Value Equity 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 Guidestone Value Equity. 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 Guidestone Mutual Fund

  0.97GCOZX Growth AllocationPairCorr
  0.99GDMYX Defensive Market StrPairCorr
  0.97GDMZX Defensive Market StrPairCorr
  0.92GVEYX Value Equity InstituPairCorr
  0.9GVEZX Value Equity InvestorPairCorr
  1.0GVIYX Guidestone Value EquityPairCorr
  0.97GEIYX Guidestone Growth EquityPairCorr
  0.98GEIZX Guidestone Growth EquityPairCorr
  0.96GEMYX Emerging Markets EquityPairCorr
  0.96GEMZX Emerging Markets EquityPairCorr
  0.97GEQYX Equity Index InstituPairCorr
  0.99GEQZX Equity Index InvestorPairCorr
  0.95GFIZX Conservative AllocationPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.62GGBEX Global Bond FundPairCorr
  0.73GGBFX Global Bond FundPairCorr
  0.97GGEYX Guidestone Fds GrowthPairCorr
  0.99GGEZX Growth Equity InvestorPairCorr
  0.98GGIZX Balanced AllocationPairCorr
  0.97GGRYX Growth AllocationPairCorr
  0.94GIEYX International EquityPairCorr
  0.94GIEZX International EquityPairCorr
  0.95GIIYX International EquityPairCorr
  0.95GIIZX Guidestone Funds IntPairCorr
  0.85GLDYX Low Duration BondPairCorr
  0.82GLDZX Low Duration BondPairCorr
  0.72GMDYX Medium Duration BondPairCorr
  0.67GMDZX Medium Duration BondPairCorr
  0.97GMFZX Mydestination 2045PairCorr
  0.99GMEYX Guidestone Funds ImpactPairCorr
  0.97GMEZX Guidestone Funds ImpactPairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  0.75GMGYX Mydestination 2055PairCorr
  0.75GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guidestone Mutual Fund performing well and Guidestone Value 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 Guidestone Value'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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