Value Equity Correlations

Mutual Funds . USA . 
Fund . Value Equity Institutional
GVEYX Fund  USD 20.26  0.12  0.60%   
The current 90-days correlation between Value Equity Institu and Putnam Global Health is 0.51 (i.e., Very weak diversification). The correlation of Value Equity 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.

Value Equity Correlation With Market

Very poor diversification

The correlation between Value Equity Institutional and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Equity Institutional 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 Value Equity Institutional. 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 population.

Moving together with Value Mutual Fund

  0.91GCOZX Growth AllocationPairCorr
  0.93GDMYX Defensive Market StrPairCorr
  0.93GDMZX Defensive Market StrPairCorr
  1.0GVEZX Value Equity InvestorPairCorr
  0.78GVIYX Guidestone Value EquityPairCorr
  0.78GVIZX Guidestone Value EquityPairCorr
  0.83GEIYX Guidestone Growth EquityPairCorr
  0.83GEIZX Guidestone Growth EquityPairCorr
  0.8GEMYX Emerging Markets EquityPairCorr
  0.8GEMZX Emerging Markets EquityPairCorr
  0.9GEQYX Equity Index InstituPairCorr
  0.9GEQZX Equity Index InvestorPairCorr
  0.88GFIZX Conservative AllocationPairCorr
  0.89GGBZX Aggressive AllocationPairCorr
  0.71GGEYX Guidestone Fds GrowthPairCorr
  0.7GGEZX Growth Equity InvestorPairCorr
  0.9GGIZX Balanced AllocationPairCorr
  0.91GGRYX Growth AllocationPairCorr
  0.8GIEYX International EquityPairCorr
  0.79GIEZX International EquityPairCorr
  0.88GIIYX International EquityPairCorr
  0.88GIIZX Guidestone Funds IntPairCorr
  0.61GLDYX Low Duration BondPairCorr
  0.63GLDZX Low Duration BondPairCorr
  0.68GMDYX Medium Duration BondPairCorr
  0.67GMDZX Medium Duration BondPairCorr
  0.92GMFZX Mydestination 2045PairCorr
  0.92GMHYX Mydestination 2035PairCorr
  0.92GMHZX Mydestination 2035PairCorr
  0.92GMGYX Mydestination 2055PairCorr
  0.92GMGZX Mydestination 2055PairCorr
  0.9GMTYX Mydestination 2015PairCorr
  0.9GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Equity 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 Value Equity'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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