Guidemark(r) Large Correlations

Mutual Funds . USA . 
Fund . Guidemark Large Cap
GMLGX Fund  USD 33.74  0.19  0.57%   
The current 90-days correlation between Guidemark Large Cap and Fidelity Advisor Diversified is 0.86 (i.e., Very poor diversification). The correlation of Guidemark(r) 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(r) Large Correlation With Market

Almost no diversification

The correlation between Guidemark Large Cap and DJI is 0.97 (i.e., Almost no 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 price.

Moving together with Guidemark(r) Mutual Fund

  0.96GMLVX Guidemark Large CapPairCorr
  0.93GMSMX Guidemark Smallmid CapPairCorr
  0.93GMWEX Guidemark World ExPairCorr
  0.99GPSTX Guidepath Growth AllPairCorr
  0.98GPTCX Guidepath(r) ConservativePairCorr
  0.93GPTUX Guidepath(r) TacticalPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.63LIIAX Columbia Porate IncomePairCorr
  0.7SRINX Columbia Porate IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
  0.9WHIAX Ivy High IncomePairCorr
  0.9IHIFX Ivy High IncomePairCorr
  0.9IVHIX Ivy High IncomePairCorr
  0.81GPVXX Short Term InvestmentPairCorr
  1.0VFTNX Vanguard Ftse SocialPairCorr
  0.91LINRX Lord Abbett InternationalPairCorr
  0.99FBKTX American Funds 2060PairCorr
  0.98FEQIX Fidelity Equity IncomePairCorr
  1.0GSESX Goldman Sachs EquityPairCorr
  0.93RBLCX Balanced StrategyPairCorr
  0.91VGPMX Vanguard Global CapitalPairCorr
  1.0FSKAX Fidelity Total MarketPairCorr
  0.89VIISX Virtus InternationalPairCorr
  0.99JTLGX Multimanager LifestylePairCorr
  0.85HLDYX Hartford EmergingPairCorr
  0.98MNMIX Pro-blend(r) ModeratePairCorr
  0.9JILCX Multimanager LifestylePairCorr
  0.64UNWPX World Precious MineralsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guidemark(r) Mutual Fund performing well and Guidemark(r) 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(r) 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.

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