Guidestone Value Correlations

Mutual Funds . USA . 
Fund . Guidestone Value Equity
GVIYX Fund  USD 12.76  0.08  0.62%   
The current 90-days correlation between Guidestone Value Equity and Franklin Emerging Market is -0.24 (i.e., Very good diversification). The correlation of Guidestone Value 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.

Guidestone Value Correlation With Market

Very poor diversification

The correlation between Guidestone Value Equity and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guidestone Value Equity 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 Guidestone Value Equity. 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 Guidestone Mutual Fund

  0.94GCOZX Growth AllocationPairCorr
  0.95GDMYX Defensive Market StrPairCorr
  0.95GDMZX Defensive Market StrPairCorr
  0.8GVEYX Value Equity InstituPairCorr
  0.78GVEZX Value Equity InvestorPairCorr
  1.0GVIZX Guidestone Value EquityPairCorr
  0.86GEIYX Guidestone Growth EquityPairCorr
  0.86GEIZX Guidestone Growth EquityPairCorr
  0.88GEMYX Emerging Markets EquityPairCorr
  0.78GEMZX Emerging Markets EquityPairCorr
  0.91GEQYX Equity Index InstituPairCorr
  0.91GEQZX Equity Index InvestorPairCorr
  0.81GFIZX Conservative AllocationPairCorr
  0.75GFSYX Strategic AlternativesPairCorr
  0.76GFSZX Strategic AlternativesPairCorr
  0.73GGBZX Aggressive AllocationPairCorr
  0.73GGBEX Global Bond FundPairCorr
  0.7GGBFX Global Bond FundPairCorr
  0.72GGEYX Guidestone Fds GrowthPairCorr
  0.72GGEZX Growth Equity InvestorPairCorr
  0.8GGIZX Balanced AllocationPairCorr
  0.86GGRYX Growth AllocationPairCorr
  0.71GIEYX International EquityPairCorr
  0.71GIEZX International EquityPairCorr
  0.7GIIYX International EquityPairCorr
  0.87GIIZX Guidestone Funds IntPairCorr
  0.79GLDYX Low Duration BondPairCorr
  0.8GLDZX Low Duration BondPairCorr
  0.8GMDYX Medium Duration BondPairCorr
  0.84GMDZX Medium Duration BondPairCorr
  0.67GMBYX Guidestone FundsPairCorr
  0.65GMBZX Guidestone FundsPairCorr
  0.77GMFZX Mydestination 2045PairCorr
  0.79GMHYX Mydestination 2035PairCorr
  0.76GMHZX Mydestination 2035PairCorr
  0.77GMGYX Mydestination 2055PairCorr
  0.77GMGZX Mydestination 2055PairCorr
  0.8GMTYX Mydestination 2015PairCorr
  0.8GMTZX Mydestination 2015PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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