Equity Growth Correlations

AMEIX Fund

USD 31.96 0.01 0.03%

The current 90-days correlation between Equity Growth and Guidemark Large Cap is 0.61 (i.e., Poor diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Poor diversification

The correlation between Equity Growth Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity 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 Equity 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 gross domestic product.

Moving together with Equity Mutual Fund

0.93	AMGIX	Income Growth	Pair Corr
0.77	TWCCX	Ultra Fund C	Pair Corr
0.96	TWCAX	Select Fund A	Pair Corr
0.96	TWCIX	Select Fund Investor	Pair Corr
0.95	TWCGX	Growth Fund Investor	Pair Corr
0.99	TWBIX	Balanced Fund Investor	Pair Corr
0.96	TWCUX	Ultra Fund Investor	Pair Corr
0.95	TWGIX	Growth Fund I	Pair Corr
0.88	TWHIX	Heritage Fund Investor	Pair Corr
0.77	TWRCX	Growth Fund C	Pair Corr
0.7	TWSAX	Strategic Allocation:	Pair Corr
0.67	TWSMX	Strategic Allocation:	Pair Corr
0.97	TWSIX	Select Fund I	Pair Corr
0.77	TWUAX	Ultra Fund A	Pair Corr
0.95	TWUIX	Ultra Fund I	Pair Corr

Moving against Equity Mutual Fund

0.69	TWACX	Short Term Government	Pair Corr
0.69	TWAVX	Short Term Government	Pair Corr
0.56	CDBCX	Diversified Bond	Pair Corr
0.56	TWARX	Short Term Government	Pair Corr
0.68	TWUSX	Short Term Government	Pair Corr
0.58	TWUOX	Short Term Government	Pair Corr
0.51	ANTUX	Nt Non Intrinsic	Pair Corr

Related Correlations Analysis

	GMLVX	LTFOX	PAVLX	OAKLX	ANVIX	VAAGX
GMLVX		0.33	0.58	0.2	0.14	0.14	GMLVX
LTFOX	0.33		0.85	0.95	0.91	0.91	LTFOX
PAVLX	0.58	0.85		0.71	0.68	0.68	PAVLX
OAKLX	0.2	0.95	0.71		0.96	0.96	OAKLX
ANVIX	0.14	0.91	0.68	0.96		1.0	ANVIX
VAAGX	0.14	0.91	0.68	0.96	1.0		VAAGX
	GMLVX	LTFOX	PAVLX	OAKLX	ANVIX	VAAGX

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Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity 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 Equity 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMLVX	0.71	0.04	0.08	0.03	0.91	(0.77)	1.57	(1.62)	5.51
LTFOX	0.69	0.01	0.00	(0.06)	0.00	0.00	1.42	(1.60)	3.58
PAVLX	0.62	0.04	0.09	0.01	0.76	(0.70)	1.20	(1.16)	3.20
OAKLX	0.76	(0.01)	0.00	(0.08)	0.00	0.00	1.40	(1.88)	3.58
ANVIX	0.71	(0.05)	0.00	(0.13)	0.00	0.00	1.22	(1.63)	3.29
VAAGX	0.71	(0.05)	0.00	(0.13)	0.00	0.00	1.22	(1.63)	3.33

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