Growth Allocation Correlations

Mutual Funds . USA . 
Fund . Growth Allocation Fund
GCOZX Fund  USD 13.81  0.04  0.29%   
The current 90-days correlation between Growth Allocation and Pace Strategic Fixed is -0.06 (i.e., Good diversification). The correlation of Growth Allocation 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.

Growth Allocation Correlation With Market

Very poor diversification

The correlation between Growth Allocation Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Allocation Fund 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 Growth Allocation Fund. 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 Growth Mutual Fund

  0.98GDMYX Defensive Market StrPairCorr
  1.0GDMZX Defensive Market StrPairCorr
  0.94GVEYX Value Equity InstituPairCorr
  0.94GVEZX Value Equity InvestorPairCorr
  0.97GVIYX Guidestone Value EquityPairCorr
  0.97GVIZX Guidestone Value EquityPairCorr
  0.99GEIYX Guidestone Growth EquityPairCorr
  0.99GEIZX Guidestone Growth EquityPairCorr
  0.99GEMYX Emerging Markets EquityPairCorr
  0.99GEMZX Emerging Markets EquityPairCorr
  1.0GEQYX Equity Index InstituPairCorr
  1.0GEQZX Equity Index InvestorPairCorr
  0.99GFIZX Conservative AllocationPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.81GGBEX Global Bond FundPairCorr
  0.79GGBFX Global Bond FundPairCorr
  1.0GGEYX Guidestone Fds GrowthPairCorr
  0.98GGEZX Growth Equity InvestorPairCorr
  1.0GGIZX Balanced AllocationPairCorr
  1.0GGRYX Growth AllocationPairCorr
  0.97GIEYX International EquityPairCorr
  0.97GIEZX International EquityPairCorr
  0.97GIIYX International EquityPairCorr
  0.96GIIZX Guidestone Funds IntPairCorr
  0.88GLDYX Low Duration BondPairCorr
  0.86GLDZX Low Duration BondPairCorr
  0.74GMDYX Medium Duration BondPairCorr
  0.73GMDZX Medium Duration BondPairCorr
  1.0GMFZX Mydestination 2045PairCorr
  1.0GMHYX Mydestination 2035PairCorr
  1.0GMHZX Mydestination 2035PairCorr
  1.0GMGYX Mydestination 2055PairCorr
  1.0GMGZX Mydestination 2055PairCorr
  0.99GMTYX Mydestination 2015PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Allocation 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 Growth Allocation'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY