Disciplined Growth Correlations

ADGGX Fund

USD 21.61 0.48 2.27%

The current 90-days correlation between Disciplined Growth and Ab Small Cap is 0.41 (i.e., Very weak diversification). The correlation of Disciplined Growth 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.

Disciplined Growth Correlation With Market

Very weak diversification

The correlation between Disciplined Growth Fund and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Disciplined Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Disciplined Growth Fund. 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 price.

Moving together with Disciplined Mutual Fund

0.67	AMEIX	Equity Growth	Pair Corr
0.78	TWCCX	Ultra Fund C	Pair Corr
0.76	TWCAX	Select Fund A	Pair Corr
0.76	TWCIX	Select Fund Investor	Pair Corr
0.79	TWCGX	Growth Fund Investor	Pair Corr
0.68	TWBIX	Balanced Fund Investor	Pair Corr
0.69	TWCUX	Ultra Fund Investor	Pair Corr
0.79	TWGIX	Growth Fund I	Pair Corr
0.74	TWGGX	Global Growth	Pair Corr
0.83	TWHIX	Heritage Fund Investor	Pair Corr
0.81	TWRCX	Growth Fund C	Pair Corr
0.67	TWSAX	Strategic Allocation:	Pair Corr
0.76	TWSIX	Select Fund I	Pair Corr
0.75	TWUAX	Ultra Fund A	Pair Corr
0.75	TWUIX	Ultra Fund I	Pair Corr

Moving against Disciplined Mutual Fund

0.57	TWACX	Short Term Government	Pair Corr
0.56	TWAVX	Short Term Government	Pair Corr
0.55	TWARX	Short Term Government	Pair Corr
0.39	CDBCX	Diversified Bond	Pair Corr
0.57	TWUOX	Short Term Government	Pair Corr
0.56	TWUSX	Short Term Government	Pair Corr
0.32	ANTGX	Nt Non Intrinsic	Pair Corr
0.32	ANVMX	American Century Non	Pair Corr
0.31	ANVRX	American Century Non	Pair Corr

Related Correlations Analysis

	QUAZX	HSCVX	OWSMX	QSERX	TVOYX	QLMSTX	ANTMX
QUAZX		0.95	0.64	0.89	0.93	0.91	0.24	QUAZX
HSCVX	0.95		0.79	0.91	0.99	0.95	0.44	HSCVX
OWSMX	0.64	0.79		0.78	0.81	0.8	0.73	OWSMX
QSERX	0.89	0.91	0.78		0.9	0.85	0.36	QSERX
TVOYX	0.93	0.99	0.81	0.9		0.96	0.45	TVOYX
QLMSTX	0.91	0.95	0.8	0.85	0.96		0.49	QLMSTX
ANTMX	0.24	0.44	0.73	0.36	0.45	0.49		ANTMX
	QUAZX	HSCVX	OWSMX	QSERX	TVOYX	QLMSTX	ANTMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Disciplined Mutual Fund performing well and Disciplined Growth 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 Disciplined Growth'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
QUAZX	1.32	(0.16)	(0.17)	2.31	(3.50)	6.73
HSCVX	0.82	(0.08)	(0.13)	1.45	(1.78)	3.38
OWSMX	0.69	(0.07)	(0.14)	1.19	(1.37)	3.89
QSERX	1.18	(0.24)	(0.19)	1.89	(2.52)	11.52
TVOYX	0.88	(0.09)	(0.13)	1.52	(1.95)	4.01
QLMSTX	1.05	(0.09)	(0.12)	1.75	(2.77)	5.65
ANTMX	0.73	(0.03)	0.23	1.48	(1.52)	5.64

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC