Guidestone Growth Correlations

Mutual Funds . USA . 
Fund . Guidestone Growth Equity
GEIZX Fund   17.49  0.04  0.23%   
The current 90-days correlation between Guidestone Growth Equity and Rmb Mendon Financial is 0.06 (i.e., Significant diversification). The correlation of Guidestone Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Guidestone Growth Equity and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Growth 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 Growth 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

  0.87GCOZX Growth AllocationPairCorr
  0.9GDMYX Defensive Market StrPairCorr
  0.9GDMZX Defensive Market StrPairCorr
  0.82GVEYX Value Equity InstituPairCorr
  0.82GVEZX Value Equity InvestorPairCorr
  0.98GVIYX Guidestone Value EquityPairCorr
  0.98GVIZX Guidestone Value EquityPairCorr
  1.0GEIYX Guidestone Growth EquityPairCorr
  0.86GEMYX Emerging Markets EquityPairCorr
  0.86GEMZX Emerging Markets EquityPairCorr
  0.87GEQYX Equity Index InstituPairCorr
  0.87GEQZX Equity Index InvestorPairCorr
  0.86GFIZX Conservative AllocationPairCorr
  1.0GGBZX Aggressive AllocationPairCorr
  0.68GGBEX Global Bond FundPairCorr
  0.67GGBFX Global Bond FundPairCorr
  0.87GGEYX Guidestone Fds GrowthPairCorr
  0.87GGEZX Growth Equity InvestorPairCorr
  0.99GGIZX Balanced AllocationPairCorr
  0.83GIEYX International EquityPairCorr
  0.83GIEZX International EquityPairCorr
  0.97GIIZX Guidestone Funds IntPairCorr
  0.77GLDYX Low Duration BondPairCorr
  0.74GLDZX Low Duration BondPairCorr
  0.61GMDYX Medium Duration BondPairCorr
  0.61GMDZX Medium Duration BondPairCorr
  0.87GMFZX Mydestination 2045PairCorr
  0.87GMEYX Guidestone Funds ImpactPairCorr
  0.88GMEZX Guidestone Funds ImpactPairCorr
  0.87GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  1.0GMGYX Mydestination 2055PairCorr
  0.87GMGZX Mydestination 2055PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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