Defensive Market Correlations

Mutual Funds . USA . 
Fund . Defensive Market Strategies
GDMZX Fund  USD 11.83  0.02  0.17%   
The current 90-days correlation between Defensive Market Str and Ab Small Cap is 0.93 (i.e., Almost no diversification). The correlation of Defensive Market 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.

Defensive Market Correlation With Market

Good diversification

The correlation between Defensive Market Strategies and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Defensive Market Strategies 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 Defensive Market Strategies. 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 Defensive Mutual Fund

  0.95GCOZX Growth AllocationPairCorr
  1.0GDMYX Defensive Market StrPairCorr
  0.89GVEYX Value Equity InstituPairCorr
  0.89GVEZX Value Equity InvestorPairCorr
  0.98GVIYX Guidestone Value EquityPairCorr
  0.98GVIZX Guidestone Value EquityPairCorr
  0.94GEIYX Guidestone Growth EquityPairCorr
  0.94GEIZX Guidestone Growth EquityPairCorr
  0.96GEMYX Emerging Markets EquityPairCorr
  0.96GEMZX Emerging Markets EquityPairCorr
  0.94GEQYX Equity Index InstituPairCorr
  0.94GEQZX Equity Index InvestorPairCorr
  0.99GFIZX Conservative AllocationPairCorr
  0.63GFSYX Strategic AlternativesPairCorr
  1.0GGBZX Aggressive AllocationPairCorr
  0.85GGBEX Global Bond FundPairCorr
  0.85GGBFX Global Bond FundPairCorr
  0.94GGEYX Guidestone Fds GrowthPairCorr
  0.99GGEZX Growth Equity InvestorPairCorr
  0.96GGIZX Balanced AllocationPairCorr
  0.95GGRYX Growth AllocationPairCorr
  0.92GIEYX International EquityPairCorr
  0.92GIEZX International EquityPairCorr
  0.91GIIYX International EquityPairCorr
  0.91GIIZX Guidestone Funds IntPairCorr
  0.84GLDYX Low Duration BondPairCorr
  0.84GLDZX Low Duration BondPairCorr
  0.65GMDYX Medium Duration BondPairCorr
  0.63GMDZX Medium Duration BondPairCorr
  0.95GMFZX Mydestination 2045PairCorr
  0.94GMEYX Guidestone Funds ImpactPairCorr
  0.94GMEZX Guidestone Funds ImpactPairCorr
  0.95GMHYX Mydestination 2035PairCorr
  0.95GMHZX Mydestination 2035PairCorr
  0.95GMGYX Mydestination 2055PairCorr
  0.95GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Defensive Mutual Fund performing well and Defensive Market 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 Defensive Market'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