Guidestone Growth Correlations

Mutual Funds . USA . 
Fund . Guidestone Growth Equity
GEIZX Fund   19.56  0.03  0.15%   
The current 90-days correlation between Guidestone Growth Equity and Franklin Natural Resources is -0.1 (i.e., Good 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 0.64 (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

  0.92GCOZX Growth AllocationPairCorr
  0.75GDMYX Defensive Market StrPairCorr
  0.91GDMZX Defensive Market StrPairCorr
  0.88GVEYX Value Equity InstituPairCorr
  0.8GVEZX Value Equity InvestorPairCorr
  0.83GEIYX Guidestone Growth EquityPairCorr
  0.89GEMYX Emerging Markets EquityPairCorr
  0.92GEMZX Emerging Markets EquityPairCorr
  0.95GEQYX Equity Index InstituPairCorr
  0.95GEQZX Equity Index InvestorPairCorr
  0.88GFIZX Conservative AllocationPairCorr
  0.84GFSYX Strategic AlternativesPairCorr
  0.68GFSZX Strategic AlternativesPairCorr
  0.94GGBZX Aggressive AllocationPairCorr
  0.98GGEYX Guidestone Fds GrowthPairCorr
  0.87GGEZX Growth Equity InvestorPairCorr
  0.9GGIZX Balanced AllocationPairCorr
  0.81GGRYX Growth AllocationPairCorr
  0.72GIEYX International EquityPairCorr
  0.65GIEZX International EquityPairCorr
  0.68GIIYX International EquityPairCorr
  0.64GIIZX Guidestone Funds IntPairCorr
  0.85GLDYX Low Duration BondPairCorr
  0.85GLDZX Low Duration BondPairCorr
  0.78GMDYX Medium Duration BondPairCorr
  0.77GMDZX Medium Duration BondPairCorr
  0.64GMBZX Guidestone FundsPairCorr
  0.93GMFZX Mydestination 2045PairCorr
  0.92GMHYX Mydestination 2035PairCorr
  0.95GMHZX Mydestination 2035PairCorr
  0.93GMGYX Mydestination 2055PairCorr
  0.93GMGZX Mydestination 2055PairCorr
  0.9GMTYX Mydestination 2015PairCorr
  0.9GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


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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