Morningstar Aggressive Correlations

AGTFX Fund

USD 15.76 0.01 0.06%

The current 90-days correlation between Morningstar Aggressive and Lord Abbett Inflation is 0.19 (i.e., Average diversification). The correlation of Morningstar Aggressive 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.

Morningstar Aggressive Correlation With Market

Very weak diversification

The correlation between Morningstar Aggressive Growth and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morningstar Aggressive Growth 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 Morningstar Aggressive Growth. 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 census.

Moving together with Morningstar Mutual Fund

0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.77	VGTSX	Vanguard Total Inter	Pair Corr
0.77	VTIAX	Vanguard Total Inter	Pair Corr
0.78	BRUFX	Bruce Fund Bruce	Pair Corr
0.85	MRSIX	Mfs Research Interna	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.69	CVX	Chevron Corp	Pair Corr
0.64	BAC	Bank of America	Pair Corr

Moving against Morningstar Mutual Fund

0.32

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	LIFAX	ABNTX	FIFGX	ABNOX	QCILIX	QMHIX
LIFAX		0.87	0.84	0.86	0.83	0.75	LIFAX
ABNTX	0.87		0.52	1.0	0.96	0.48	ABNTX
FIFGX	0.84	0.52		0.51	0.46	0.77	FIFGX
ABNOX	0.86	1.0	0.51		0.96	0.48	ABNOX
QCILIX	0.83	0.96	0.46	0.96		0.5	QCILIX
QMHIX	0.75	0.48	0.77	0.48	0.5		QMHIX
	LIFAX	ABNTX	FIFGX	ABNOX	QCILIX	QMHIX

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Risk-Adjusted Indicators

There is a big difference between Morningstar Mutual Fund performing well and Morningstar Aggressive 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 Morningstar Aggressive'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
LIFAX	0.11	0.02	0.11	0.74	0.00	(0.14)	0.26	(0.17)	0.70
ABNTX	0.14	0.02	0.08	0.53	0.00	(0.19)	0.30	(0.30)	0.99
FIFGX	0.59	0.09	0.12	(3.15)	0.56	(0.69)	1.25	(1.23)	4.94
ABNOX	0.15	0.02	0.08	0.45	0.00	(0.18)	0.30	(0.30)	0.89
QCILIX	0.14	0.02	0.09	(0.56)	0.00	(0.16)	0.30	(0.27)	0.91
QMHIX	0.72	0.12	0.11	(0.76)	0.83	(0.79)	1.47	(1.30)	3.96

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