Guidepath(r) Managed Correlations

Mutual Funds . USA . 
Fund . Guidepath Managed Futures
GPMFX Fund  USD 7.46  0.16  2.10%   
The current 90-days correlation between Guidepath Managed Futures and Lord Abbett Diversified is 0.69 (i.e., Poor diversification). The correlation of Guidepath(r) Managed 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.

Guidepath(r) Managed Correlation With Market

Very poor diversification

The correlation between Guidepath Managed Futures and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Managed Futures 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 Guidepath Managed Futures. 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 Guidepath(r) Mutual Fund

  0.97GPARX Guidepath Absolute ReturnPairCorr
  0.95GPICX Guidepath ConservativePairCorr
  0.91GPIFX Guidepath Flexible IncomePairCorr
  0.89GPIGX Guidepath Growth AndPairCorr
  0.86GPINX Guidepath IncomePairCorr
  0.95GPMIX Guidepath(r) Multi-assetPairCorr
  0.94AQMRX Aqr Managed FuturesPairCorr
  1.0AMFNX Asg Managed FuturesPairCorr
  0.97AMFAX Asg Managed FuturesPairCorr
  1.0ASFCX Asg Managed FuturesPairCorr
  1.0ASFYX Asg Managed FuturesPairCorr
  0.96ABYAX Abbey Capital FuturesPairCorr
  0.99ABYIX Abbey Capital FuturesPairCorr
  0.99ABYCX Abbey Capital FuturesPairCorr
  0.99AHLPX American Beacon AhlPairCorr
  0.97LFMIX Locorr Macro StrategiesPairCorr
  0.87LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.88OEPSX Oil Equipment ServicesPairCorr
  0.86LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.86LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.88OEPIX Oil Equipment ServicesPairCorr
  0.97TMPFX Tactical Multi PurposePairCorr
  0.71MFLDX Marketfield Fund MarPairCorr
  0.84PHRAX Virtus Real EstatePairCorr
  0.74PHSZX Prudential HealthPairCorr
  0.95MGSEX Amg Managers SpecialPairCorr
  0.63ABRSX Abr Enhanced ShortPairCorr
  0.97BCSKX Blackrock CommodityPairCorr
  0.98GLDCX Gabelli Gold Steady GrowthPairCorr
  0.96HNCVX Harbor Vertible SecuPairCorr
  0.8ETILX Eventide GileadPairCorr
  0.85REINX Invesco Real EstatePairCorr
  0.96FSAGX Gold Portfolio Gold Steady GrowthPairCorr
  0.96SSMGX Sit Small CapPairCorr
  0.91XKFDX Korea Fund Steady GrowthPairCorr
  0.74DCREX Dunham Real EstatePairCorr
  0.94RYMGX Sp Midcap 400PairCorr

Moving against Guidepath(r) Mutual Fund

  0.7CISGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Managed 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 Guidepath(r) Managed'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY