Guidemark(r) Small/mid Correlations

Mutual Funds . USA . 
Fund . Guidemark Smallmid Cap
GMSMX Fund  USD 21.16  0.04  0.19%   
The current 90-days correlation between Guidemark Smallmid Cap and Bbh Intermediate Municipal is -0.05 (i.e., Good diversification). The correlation of Guidemark(r) Small/mid 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) Small/mid Correlation With Market

Very poor diversification

The correlation between Guidemark Smallmid Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidemark Smallmid 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 Smallmid 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 industry.

Moving together with Guidemark(r) Mutual Fund

  0.81GMCOX Guidemark E FixedPairCorr
  0.88GMLVX Guidemark Large CapPairCorr
  0.95GMLGX Guidemark Large CapPairCorr
  0.87GMWEX Guidemark World ExPairCorr
  0.95GPSTX Guidepath Growth AllPairCorr
  0.96GPTCX Guidepath ServativePairCorr
  0.95GPTUX Guidepath TacticalPairCorr
  0.99VSMAX Vanguard Small CapPairCorr
  0.99VSCIX Vanguard Small CapPairCorr
  0.99VSCPX Vanguard Small CapPairCorr
  0.99NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  0.98PASVX T Rowe PricePairCorr
  0.98PRVIX T Rowe PricePairCorr
  0.98TRZVX T Rowe PricePairCorr
  0.98PRSVX T Rowe PricePairCorr
  0.88FSMMX Fs Multi StrategyPairCorr
  0.85BTMPX Ishares Msci EafePairCorr
  0.86BTMKX Blackrock InternationalPairCorr
  0.85MDIIX Blackrock Intern IndexPairCorr
  0.93VSCGX Vanguard LifestrategyPairCorr
  0.8URIBX Intermediate Term BondPairCorr
  0.99VYSVX Vericimetry Small CapPairCorr
  0.93QCSCPX Cref Social ChoicePairCorr
  0.94SMOAX Saat Moderate StrategyPairCorr
  0.85LISIX Lazard InternationalPairCorr
  0.87FACZX FaczxPairCorr
  0.9VWVPX Tomorrows Scholar CollegePairCorr
  0.98QRSVX Queens Road SmallPairCorr
  0.98VYSYX Voya SmallPairCorr
  0.93TVRVX Third Avenue RealPairCorr
  0.92ETW Eaton Vance TaxPairCorr
  0.98ACWZX Aamg Funds IvPairCorr
  0.84CLMVX Columbia MortgagePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Guidemark(r) Mutual Fund performing well and Guidemark(r) Small/mid 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) Small/mid'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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