Guidepath Tactical Correlations

Mutual Funds . USA . 
Fund . Guidepath Tactical Allocation
GPTUX Fund  USD 13.31  0.08  0.60%   
The current 90-days correlation between Guidepath Tactical and Aig Government Money is -0.26 (i.e., Very good diversification). The correlation of Guidepath Tactical 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 Tactical Correlation With Market

Very good diversification

The correlation between Guidepath Tactical Allocation and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidepath Tactical 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 Tactical 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 employment.

Moving together with Guidepath Mutual Fund

  0.94GMLVX Guidemark Large CapPairCorr
  0.93GMLGX Guidemark Large CapPairCorr
  0.98GMSMX Guidemark Smallmid CapPairCorr
  0.94GPTCX Guidepath ServativePairCorr
  0.93PAALX All Asset FundPairCorr
  0.93PATRX Pimco All AssetPairCorr
  0.94PAAIX All Asset FundPairCorr
  0.93PALPX Pimco All AssetPairCorr
  0.92PASAX All Asset FundPairCorr
  0.93PASCX All Asset FundPairCorr
  0.93PAANX Pimco All AssetPairCorr
  0.92PAUPX Pimco All AssetPairCorr
  0.92PAUIX Pimco All AssetPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.95VTISX Vanguard Total InterPairCorr
  0.92VTSNX Vanguard Total InterPairCorr
  0.92VTPSX Vanguard Total InterPairCorr
  0.94VINIX Vanguard InstitutionalPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.62FPCIX Strategic AdvisersPairCorr
  0.96CIGOX Calamos InternationalPairCorr
  0.93VSIAX Vanguard Small CapPairCorr
  0.93ATCIX Atac Inflation RotationPairCorr
  0.96CVMRX Calvert Emerging MarketsPairCorr
  0.94HGOFX Hartford GrowthPairCorr
  0.94IRMPX Voya Retirement ModeratePairCorr
  0.91VTMGX Vanguard DevelopedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Guidepath Mutual Fund performing well and Guidepath Tactical 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 Tactical'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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