Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
AMGIX Fund  USD 35.91  0.10  0.28%   
The current 90-days correlation between Income Growth and Ultra Fund I is 0.64 (i.e., Poor diversification). The correlation of Income 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.

Income Growth Correlation With Market

Poor diversification

The correlation between Income Growth Fund and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income 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 Income 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 Income Mutual Fund

  0.93AMEIX Equity GrowthPairCorr
  0.68TWCCX Ultra Fund CPairCorr
  0.83TWCAX Select Fund APairCorr
  0.83TWCIX Select Fund InvestorPairCorr
  0.82TWCGX Growth Fund InvestorPairCorr
  0.94TWBIX Balanced Fund InvestorPairCorr
  0.81TWCUX Ultra Fund InvestorPairCorr
  0.82TWGIX Growth Fund IPairCorr
  0.64TWGGX Global GrowthPairCorr
  0.86TWHIX Heritage Fund InvestorPairCorr
  0.69TWRCX Growth Fund CPairCorr
  0.69TWSCX Strategic Allocation:PairCorr
  0.74TWSAX Strategic Allocation:PairCorr
  0.74TWSMX Strategic Allocation:PairCorr
  0.83TWSIX Select Fund IPairCorr
  0.68TWUAX Ultra Fund APairCorr
  0.81TWUIX Ultra Fund IPairCorr

Moving against Income Mutual Fund

  0.46TWACX Short Term GovernmentPairCorr
  0.46TWAVX Short Term GovernmentPairCorr
  0.37TWARX Short Term GovernmentPairCorr
  0.34CDBCX Diversified BondPairCorr
  0.45TWUSX Short Term GovernmentPairCorr
  0.39TWUOX Short Term GovernmentPairCorr
  0.34ANTUX Nt Non IntrinsicPairCorr
  0.34ANTGX Nt Non IntrinsicPairCorr
  0.34ANVRX American Century NonPairCorr
  0.34ANVMX American Century NonPairCorr
  0.34ANVLX American Century NonPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
TWGIX
+ 0.99
TWUIX
AMEIX
+ 0.95
TWUIX
TWGIX
+ 0.95
AMEIX
TGRIX
+ 0.7
AVLIX
AMEIX
+ 0.15
AVLIX
TWGIX
+ 0.11
AVLIX
  
High negative correlations   
TGRIX
- 0.19
TWUIX
TWGIX
- 0.14
TGRIX

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income 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 Income 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.

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