Guidepath Managed Correlations
| GPMFX Fund | USD 7.18 0.06 0.84% |
The current 90-days correlation between Guidepath Managed Futures and Guidepath Absolute Return is 0.38 (i.e., Weak diversification). The correlation of Guidepath 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 Managed Correlation With Market
Poor diversification
The correlation between Guidepath Managed Futures and DJI is 0.6 (i.e., 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.
Guidepath |
Moving together with Guidepath Mutual Fund
| 0.62 | GPMIX | Guidepath Multi Asset | PairCorr |
| 0.9 | AMFNX | Asg Managed Futures | PairCorr |
| 0.96 | AMFAX | Asg Managed Futures | PairCorr |
| 0.98 | ASFCX | Asg Managed Futures | PairCorr |
| 0.97 | ASFYX | Asg Managed Futures | PairCorr |
| 0.9 | ABYAX | Abbey Capital Futures | PairCorr |
| 0.9 | ABYIX | Abbey Capital Futures | PairCorr |
| 0.9 | ABYCX | Abbey Capital Futures | PairCorr |
| 0.79 | LFMIX | Locorr Macro Strategies | PairCorr |
| 0.88 | HFEIX | Henderson European Focus | PairCorr |
| 0.76 | PIRFX | Invesco Multi Asset | PairCorr |
| 0.71 | PRPHX | Permanent Portfolio Class | PairCorr |
| 0.76 | MOECX | Mainstay Growth Etf | PairCorr |
| 0.7 | TWN | Taiwan Closed | PairCorr |
| 0.85 | CENTX | Centerstone Investors | PairCorr |
| 0.61 | GGSPX | Goldman Sachs Growth | PairCorr |
| 0.76 | IXISX | Voya Index Solution | PairCorr |
Related Correlations Analysis
| 0.48 | 0.63 | 0.59 | 0.53 | 0.61 | GPARX | ||
| 0.48 | 0.52 | 0.73 | 0.18 | 0.77 | GPICX | ||
| 0.63 | 0.52 | 0.48 | -0.14 | 0.33 | GPIGX | ||
| 0.59 | 0.73 | 0.48 | 0.47 | 0.78 | GPINX | ||
| 0.53 | 0.18 | -0.14 | 0.47 | 0.62 | GPMFX | ||
| 0.61 | 0.77 | 0.33 | 0.78 | 0.62 | GPMIX | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Guidepath Mutual Fund performing well and Guidepath 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 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GPARX | 0.25 | (0.04) | 0.00 | (0.09) | 0.00 | 0.62 | 4.04 | |||
| GPICX | 0.03 | (0.01) | 0.00 | (0.27) | 0.00 | 0.10 | 0.73 | |||
| GPIGX | 0.65 | (0.18) | 0.00 | (0.19) | 0.00 | 0.97 | 12.80 | |||
| GPINX | 0.14 | (0.02) | (0.31) | (0.05) | 0.18 | 0.35 | 1.15 | |||
| GPMFX | 0.64 | 0.03 | 0.01 | 0.12 | 0.78 | 1.30 | 3.61 | |||
| GPMIX | 0.30 | (0.02) | (0.14) | 0.04 | 0.33 | 0.68 | 1.95 |