Guidestone Funds Correlations

Mutual Funds . USA . 
Fund . Guidestone Funds
GMBZX Fund   9.69  0.03  0.31%   
The current 90-days correlation between Guidestone Funds and Ms Global Fixed is 0.07 (i.e., Significant diversification). The correlation of Guidestone Funds 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 Funds Correlation With Market

Average diversification

The correlation between Guidestone Funds and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Funds 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 Funds . 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

  0.7GCOZX Growth AllocationPairCorr
  0.71GDMYX Defensive Market StrPairCorr
  0.71GDMZX Defensive Market StrPairCorr
  0.67GVEYX Value Equity InstituPairCorr
  0.66GVEZX Value Equity InvestorPairCorr
  0.65GVIYX Guidestone Value EquityPairCorr
  0.64GVIZX Guidestone Value EquityPairCorr
  0.61GEIYX Guidestone Growth EquityPairCorr
  0.61GEIZX Guidestone Growth EquityPairCorr
  0.66GEMYX Emerging Markets EquityPairCorr
  0.65GEMZX Emerging Markets EquityPairCorr
  0.62GEQYX Equity Index InstituPairCorr
  0.8GFIZX Conservative AllocationPairCorr
  0.62GFSYX Strategic AlternativesPairCorr
  0.62GFSZX Strategic AlternativesPairCorr
  0.66GGBZX Aggressive AllocationPairCorr
  0.84GGBEX Global Bond FundPairCorr
  0.84GGBFX Global Bond FundPairCorr
  0.62GGEZX Growth Equity InvestorPairCorr
  0.75GGIZX Balanced AllocationPairCorr
  0.7GGRYX Growth AllocationPairCorr
  0.64GIIYX International EquityPairCorr
  0.84GLDYX Low Duration BondPairCorr
  0.84GLDZX Low Duration BondPairCorr
  0.89GMDYX Medium Duration BondPairCorr
  0.9GMDZX Medium Duration BondPairCorr
  1.0GMBYX Guidestone FundsPairCorr
  0.68GMFZX Mydestination 2045PairCorr
  0.68GMHYX Mydestination 2035PairCorr
  0.67GMHZX Mydestination 2035PairCorr
  0.67GMGYX Mydestination 2055PairCorr
  0.67GMGZX Mydestination 2055PairCorr
  0.74GMTYX Mydestination 2015PairCorr
  0.77GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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