Mydestination 2045 Fund Quote
| GMFZX Fund | USD 10.92 0.05 0.46% |
Performance3 of 100
| Odds Of DistressLess than 22
|
Mydestination 2045 is trading at 10.92 as of the 20th of April 2024; that is -0.46 percent down since the beginning of the trading day. The fund's open price was 10.97. Mydestination 2045 has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Mydestination 2045 Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of May 2022 and ending today, the 20th of April 2024. Click here to learn more.
The fund pursues its objective by investing primarily in a diversified portfolio of GuideStone Funds Select Funds that represent various asset classes. It is managed to the specific retirement year included in its name and assumes a retirement age of 65. More on Mydestination 2045 Fund
Moving together with Mydestination Mutual Fund
| 1.0 | GCOZX | Growth Allocation | PairCorr |
| 0.98 | GDMYX | Defensive Market Str | PairCorr |
| 0.98 | GDMZX | Defensive Market Str | PairCorr |
| 0.97 | GVEYX | Value Equity Institu | PairCorr |
| 0.97 | GVEZX | Value Equity Investor | PairCorr |
| 0.94 | GVIYX | Guidestone Value Equity | PairCorr |
| 0.94 | GVIZX | Guidestone Value Equity | PairCorr |
Mydestination Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mydestination 2045's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mydestination 2045 or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | GuideStone Funds, Large Blend Funds, Target-Date 2045 Funds, Target-Date 2045, GuideStone Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of May 2023 |
| Fiscal Year End | December |
Mydestination 2045 Fund [GMFZX] is traded in USA and was established 20th of April 2024. Mydestination 2045 is listed under GuideStone Funds category by Fama And French industry classification. The fund is listed under Target-Date 2045 category and is part of GuideStone Funds family. This fund currently has accumulated 1.22 B in assets under management (AUM) with no minimum investment requirementsMydestination 2045 is currently producing year-to-date (YTD) return of 3.07% with the current yeild of 0.02%, while the total return for the last 3 years was 2.78%.
Check Mydestination 2045 Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Mydestination Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Mydestination Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Mydestination 2045 Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Mydestination 2045 Fund Mutual Fund Constituents
| GDMYX | Defensive Market Strategies | Mutual Fund | Allocation--50% to 70% Equity |
| GEMYX | Emerging Markets Equity | Mutual Fund | Diversified Emerging Mkts |
| GEQYX | Equity Index Institutional | Mutual Fund | Large Blend |
| GGBEX | Global Bond Fund | Mutual Fund | World Bond |
| GGEYX | Guidestone Fds Growth | Mutual Fund | Large Growth |
| GIIYX | International Equity Index | Mutual Fund | Foreign Large Blend |
| GMDYX | Medium Duration Bond Institutional | Mutual Fund | Intermediate Core-Plus Bond |
Mydestination 2045 Target Price Odds Analysis
Based on a normal probability distribution, the odds of Mydestination 2045 jumping above the current price in 90 days from now is about 77.34%. The Mydestination 2045 Fund probability density function shows the probability of Mydestination 2045 mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Mydestination 2045 has a beta of 0.8083. This usually indicates as returns on the market go up, Mydestination 2045 average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mydestination 2045 Fund will be expected to be much smaller as well. Additionally, mydestination 2045 Fund has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Mydestination 2045 to move above the current price in 90 days from now is about 77.34 (This Mydestination 2045 Fund probability density function shows the probability of Mydestination Mutual Fund to fall within a particular range of prices over 90 days) .
Mydestination 2045 Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mydestination 2045 market risk premium is the additional return an investor will receive from holding Mydestination 2045 long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mydestination 2045. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mydestination 2045's alpha and beta are two of the key measurements used to evaluate Mydestination 2045's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4564 | |||
| Semi Deviation | 0.604 | |||
| Standard Deviation | 0.6059 | |||
| Variance | 0.3671 |
Mydestination 2045 Against Markets
Picking the right benchmark for Mydestination 2045 mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mydestination 2045 mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mydestination 2045 is critical whether you are bullish or bearish towards Mydestination 2045 Fund at a given time. Please also check how Mydestination 2045's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mydestination 2045 without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Commodity Directory Now
Commodity DirectoryFind actively traded commodities issued by global exchanges |
| All Next | Launch Module |
How to buy Mydestination Mutual Fund?
Before investing in Mydestination 2045, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Mydestination 2045. To buy Mydestination 2045 fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Mydestination 2045. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Mydestination 2045 fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Mydestination 2045 Fund fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Mydestination 2045 Fund fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Mydestination 2045 Fund, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Mydestination 2045 Fund?
The danger of trading Mydestination 2045 Fund is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mydestination 2045 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mydestination 2045. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mydestination 2045 is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Mydestination 2045 Fund. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Mydestination 2045 information on this page should be used as a complementary analysis to other Mydestination 2045's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.