Growth Strategy Correlations
| RALVX Fund | USD 14.20 0.05 0.35% |
The current 90-days correlation between Growth Strategy and Guidepath Conservative Income is 0.45 (i.e., Very weak diversification). The correlation of Growth Strategy 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.
Growth Strategy Correlation With Market
Very poor diversification
The correlation between Growth Strategy Fund and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.
Growth |
Moving together with Growth Mutual Fund
| 0.81 | RNTTX | International Developed | PairCorr |
| 1.0 | RALAX | Growth Strategy | PairCorr |
| 1.0 | RALCX | Growth Strategy | PairCorr |
| 0.82 | RALSX | Growth Strategy | PairCorr |
| 1.0 | RALRX | Growth Strategy | PairCorr |
| 0.66 | RSCRX | Us Small Cap | PairCorr |
| 0.78 | RSECX | Us Strategic Equity | PairCorr |
| 0.97 | RSEAX | Us Strategic Equity | PairCorr |
| 0.79 | RSESX | Us Strategic Equity | PairCorr |
| 0.98 | RAZAX | Multi Asset Growth | PairCorr |
| 0.77 | RAZCX | Multi Asset Growth | PairCorr |
| 0.86 | RSQAX | Us E Equity | PairCorr |
| 0.99 | RBLCX | Balanced Strategy | PairCorr |
| 0.99 | RBLAX | Balanced Strategy | PairCorr |
| 0.75 | RBLVX | Balanced Strategy | PairCorr |
| 0.99 | RBLRX | Balanced Strategy | PairCorr |
| 0.79 | RTDAX | Multifactor Equity | PairCorr |
| 0.98 | RTDCX | Multifactor Equity | PairCorr |
| 0.98 | RTDYX | Select Equity | PairCorr |
| 0.98 | RTDSX | Select Equity | PairCorr |
| 0.79 | RTDRX | Select Equity | PairCorr |
| 0.7 | RTDTX | Select Equity | PairCorr |
Related Correlations Analysis
| 0.69 | 0.74 | 0.71 | 0.72 | 0.9 | 0.7 | GPICX | ||
| 0.69 | 0.83 | 0.71 | 0.7 | 0.71 | 0.64 | DIFIX | ||
| 0.74 | 0.83 | 0.83 | 0.77 | 0.72 | 0.73 | FPTPX | ||
| 0.71 | 0.71 | 0.83 | 0.98 | 0.69 | 0.96 | MCKSX | ||
| 0.72 | 0.7 | 0.77 | 0.98 | 0.69 | 0.99 | TLSHX | ||
| 0.9 | 0.71 | 0.72 | 0.69 | 0.69 | 0.66 | DLTZX | ||
| 0.7 | 0.64 | 0.73 | 0.96 | 0.99 | 0.66 | ELDFX | ||
Risk-Adjusted Indicators
There is a big difference between Growth Mutual Fund performing well and Growth Strategy 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 Growth Strategy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GPICX | 0.02 | 0.00 | 0.00 | 0.10 | 0.00 | 0.10 | 0.21 | |||
| DIFIX | 0.21 | (0.01) | (0.26) | 0.01 | 0.20 | 0.40 | 1.29 | |||
| FPTPX | 0.26 | (0.01) | (0.16) | 0.05 | 0.26 | 0.55 | 1.32 | |||
| MCKSX | 0.24 | 0.00 | (0.18) | 0.14 | 0.30 | 0.56 | 1.52 | |||
| TLSHX | 0.24 | 0.01 | (0.17) | 0.15 | 0.27 | 0.51 | 1.46 | |||
| DLTZX | 0.07 | 0.00 | (0.49) | (0.21) | 0.00 | 0.13 | 0.64 | |||
| ELDFX | 0.35 | 0.02 | (0.08) | 0.37 | 0.49 | 0.77 | 2.07 |