Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
AMGIX Fund  USD 37.44  0.01  0.03%   
The current 90-days correlation between Income Growth and Ultra Fund I is 0.57 (i.e., Very weak 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

Very weak diversification

The correlation between Income Growth Fund 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 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

  0.79AMDVX Mid Cap ValuePairCorr
  0.78AMEIX Equity GrowthPairCorr
  0.69CDBCX Diversified BondPairCorr
  0.81TWADX Value Fund APairCorr
  0.66TWCAX Select Fund APairCorr
  0.65TWCIX Select Fund InvestorPairCorr
  0.88AMVYX Mid Cap ValuePairCorr
  0.88AMVRX Mid Cap ValuePairCorr
  0.67TWBIX Balanced Fund InvestorPairCorr
  0.79AMVGX Mid Cap ValuePairCorr
  0.81TWEAX Equity IncomePairCorr
  0.88TWEIX Equity IncomePairCorr
  0.64TWGAX International GrowthPairCorr
  0.83TWGGX Global GrowthPairCorr
  0.64TWIEX International GrowthPairCorr
  0.73TWHIX Heritage Fund InvestorPairCorr
  0.63TWTCX Intermediate Term TaxPairCorr
  0.62TWTIX Intermediate Term TaxPairCorr
  0.64TWSCX Strategic AllocationPairCorr
  0.67TWSAX Strategic AllocationPairCorr
  0.7TWSMX Strategic AllocationPairCorr
  0.89TWVLX Value Fund InvestorPairCorr
  0.7TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

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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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