Guidepath(r) Conservative Correlations

GPTCX Fund

USD 12.24 0.01 0.08%

The current 90-days correlation between Guidepath(r) Conservative and Vanguard Lifestrategy Growth is 0.92 (i.e., Almost no diversification). The correlation of Guidepath(r) Conservative 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) Conservative Correlation With Market

Almost no diversification

The correlation between Guidepath Servative Allocation and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Servative Allocation 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 Servative Allocation. 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 private.

Moving together with Guidepath(r) Mutual Fund

0.7	GMCOX	Guidemark E Fixed	Pair Corr
0.9	GMLVX	Guidemark Large Cap	Pair Corr
0.84	GMLGX	Guidemark Large Cap	Pair Corr
0.97	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.94	GMWEX	Guidemark World Ex	Pair Corr
0.96	GPSTX	Guidepath Growth All	Pair Corr
0.93	GPTUX	Guidepath(r) Tactical	Pair Corr
0.92	VWIAX	Vanguard Wellesley Income	Pair Corr
0.96	VWINX	Vanguard Wellesley Income	Pair Corr
0.99	BKMIX	Blackrock Multi Asset	Pair Corr
0.92	HBLTX	Hartford Balanced	Pair Corr
0.92	HBLRX	Hartford Balanced	Pair Corr
0.92	HBLSX	Hartford Balanced	Pair Corr
0.92	HBLVX	Hartford Balanced	Pair Corr
0.92	HBLFX	Hartford Balanced	Pair Corr
0.92	HBLYX	Hartford Balanced	Pair Corr
0.92	HBLCX	Hartford Balanced	Pair Corr
0.83	NHS	Neuberger Berman High	Pair Corr
0.99	RBAIX	T Rowe Price	Pair Corr
0.95	GIIGX	Gamco International	Pair Corr
0.9	WWSAX	Teton Westwood Small	Pair Corr
0.91	SCFQX	Pgim Securitized Credit	Pair Corr
0.86	CSIBX	Calvert Bond Portfolio	Pair Corr
0.89	JDSEX	James Alpha Managed	Pair Corr
0.94	GMAUX	Gmo Emerging Markets	Pair Corr
0.96	SSDDX	State Street Target	Pair Corr
0.96	UMPIX	Ultramid Cap Profund	Pair Corr
0.96	LRSFX	Small Cap Value	Pair Corr
0.9	EMRSX	Jpmorgan Emerging Markets	Pair Corr
0.95	JIRBX	Jpmorgan Smartretirement	Pair Corr
0.91	PSDUX	Pimco Short Duration	Pair Corr
0.93	FCQTX	American Funds 2065	Pair Corr
0.85	ELFTX	Elfun Tax Exempt	Pair Corr
0.91	SMOYX	Simt Multi Asset	Pair Corr
0.91	DVRPX	Ubs Dividend Ruler	Pair Corr
0.87	GGSAX	Goldman Sachs Growth	Pair Corr
0.82	XBTOX	John Hancock Financial Steady Growth	Pair Corr
0.96	JHAPX	John Hancock Funds	Pair Corr
0.97	FLRTX	Franklin Lifesmart 2030	Pair Corr

Related Correlations Analysis

	RYMBX	QLMETX	TMSRX	ABNTX	TEOJX	VASGX
RYMBX		-0.2	-0.28	0.73	0.87	0.75	RYMBX
QLMETX	-0.2		-0.28	-0.24	-0.5	-0.59	QLMETX
TMSRX	-0.28	-0.28		-0.14	0.03	0.18	TMSRX
ABNTX	0.73	-0.24	-0.14		0.72	0.71	ABNTX
TEOJX	0.87	-0.5	0.03	0.72		0.94	TEOJX
VASGX	0.75	-0.59	0.18	0.71	0.94		VASGX
	RYMBX	QLMETX	TMSRX	ABNTX	TEOJX	VASGX

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

VASGX	+ 0.94	TEOJX
TEOJX	+ 0.87	RYMBX
VASGX	+ 0.75	RYMBX
ABNTX	+ 0.73	RYMBX
TEOJX	+ 0.72	ABNTX
VASGX	+ 0.71	ABNTX

High negative correlations

VASGX	- 0.59	QLMETX
TEOJX	- 0.5	QLMETX
TMSRX	- 0.28	QLMETX
TMSRX	- 0.28	RYMBX
ABNTX	- 0.24	QLMETX
QLMETX	- 0.2	RYMBX

Risk-Adjusted Indicators

There is a big difference between Guidepath(r) Mutual Fund performing well and Guidepath(r) Conservative 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) Conservative'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
RYMBX	0.91	0.12	0.07	(5.33)	0.99	(1.07)	1.82	(1.59)	6.05
QLMETX	0.67	(0.13)	0.00	(0.44)	0.00	0.00	0.93	(1.11)	12.98
TMSRX	0.12	(0.03)	0.00	(0.25)	0.00	0.00	0.23	(0.34)	2.16
ABNTX	0.07	0.00	(0.34)	0.02	0.00	(0.11)	0.10	(0.10)	0.39
TEOJX	0.63	0.13	0.12	0.27	0.61	(0.73)	1.59	(1.27)	4.27
VASGX	0.44	0.02	0.00	0.07	0.56	(0.45)	0.91	(1.05)	2.57

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