Guidemark Large Correlations

GMLGX Fund

USD 37.07 0.29 0.78%

The current 90-days correlation between Guidemark Large Cap and Ultranasdaq 100 Profund Ultranasdaq 100 is 0.01 (i.e., Significant diversification). The correlation of Guidemark Large 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.

Guidemark Large Correlation With Market

Very poor diversification

The correlation between Guidemark Large Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark Large Cap 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 Guidemark Large Cap. 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 rate.

Moving together with Guidemark Mutual Fund

0.79	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.71	GMWEX	Guidemark World Ex	Pair Corr
0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.83	VITSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VFINX	Vanguard 500 Index	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr
0.9	VINIX	Vanguard Institutional	Pair Corr
0.9	VIIIX	Vanguard Institutional	Pair Corr
0.65	ISWAX	Voya Solution Income	Pair Corr
0.8	MBLAX	Madison Diversified	Pair Corr
0.62	AUXIX	Auxier Focus	Pair Corr
0.7	SBMCX	Moderate Balanced	Pair Corr
0.86	FMTIX	Franklin Moderate	Pair Corr
0.95	TRRMX	T Rowe Price	Pair Corr
0.73	LMLSX	Clearbridge Large Cap	Pair Corr
0.89	NEFJX	Vaughan Nelson Small	Pair Corr
0.61	PAUAX	Pimco All Asset	Pair Corr
0.66	FRDEX	Fidelity Sustainable	Pair Corr

Related Correlations Analysis

	UOPSX	LVAQX	PDT	STK	BTO	ALZFX	RMBKX	NDMO	JRSSX	JRSIX
UOPSX		0.15	0.01	0.72	-0.16	0.72	0.05	0.29	0.1	0.1	UOPSX
LVAQX	0.15		0.0	0.12	0.69	0.14	0.75	-0.55	0.6	0.6	LVAQX
PDT	0.01	0.0		-0.33	0.11	0.39	-0.46	0.1	-0.47	-0.47	PDT
STK	0.72	0.12	-0.33		-0.25	0.33	0.25	0.37	0.31	0.31	STK
BTO	-0.16	0.69	0.11	-0.25		-0.04	0.59	-0.77	0.42	0.42	BTO
ALZFX	0.72	0.14	0.39	0.33	-0.04		-0.14	0.11	-0.17	-0.18	ALZFX
RMBKX	0.05	0.75	-0.46	0.25	0.59	-0.14		-0.51	0.63	0.63	RMBKX
NDMO	0.29	-0.55	0.1	0.37	-0.77	0.11	-0.51		-0.39	-0.39	NDMO
JRSSX	0.1	0.6	-0.47	0.31	0.42	-0.17	0.63	-0.39		1.0	JRSSX
JRSIX	0.1	0.6	-0.47	0.31	0.42	-0.18	0.63	-0.39	1.0		JRSIX
	UOPSX	LVAQX	PDT	STK	BTO	ALZFX	RMBKX	NDMO	JRSSX	JRSIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JRSIX	+ 1.0	JRSSX
RMBKX	+ 0.75	LVAQX
STK	+ 0.72	UOPSX
ALZFX	+ 0.72	UOPSX
BTO	+ 0.69	LVAQX
JRSSX	+ 0.63	RMBKX

High negative correlations

NDMO	- 0.77	BTO
NDMO	- 0.55	LVAQX
NDMO	- 0.51	RMBKX
JRSIX	- 0.47	PDT
JRSSX	- 0.47	PDT
RMBKX	- 0.46	PDT

Risk-Adjusted Indicators

There is a big difference between Guidemark Mutual Fund performing well and Guidemark Large 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 Guidemark Large'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UOPSX	1.62	(0.02)	0.00	(0.38)	0.00	0.00	3.59	(4.10)	9.33
LVAQX	0.81	(0.12)	0.00	(0.06)	0.00	0.00	1.82	(1.66)	3.93
PDT	0.44	(0.09)	0.00	(0.15)	0.00	0.00	0.78	(0.94)	2.58
STK	1.15	(0.04)	(0.02)	0.02	1.54	(1.11)	2.07	(2.74)	7.32
BTO	0.96	(0.01)	(0.01)	0.05	1.53	(0.90)	1.91	(2.10)	7.11
ALZFX	1.19	(0.17)	0.00	6.58	0.00	0.00	1.98	(2.89)	13.03
RMBKX	1.15	0.08	0.05	0.12	1.62	(1.23)	3.03	(2.77)	9.27
NDMO	0.45	(0.05)	0.00	(0.26)	0.00	0.00	1.05	(1.04)	2.47
JRSSX	0.66	0.15	0.14	0.38	0.50	(0.82)	1.21	(0.92)	11.06
JRSIX	0.66	0.15	0.14	0.40	0.51	(0.83)	1.22	(0.93)	11.12

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