Dynamic Growth Correlations

Mutual Funds . USA . 
Fund . Dynamic Growth Fund
DYGIX Fund  USD 14.24  0.14  0.99%   
The current 90-days correlation between Dynamic Growth and Federated Muni And is 0.55 (i.e., Very weak diversification). The correlation of Dynamic 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.

Dynamic Growth Correlation With Market

Modest diversification

The correlation between Dynamic Growth Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynamic 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 Dynamic Mutual Fund

  0.84SRUAX Spectrum Fund AdviserPairCorr
  0.84SRUIX Spectrum Fund InstitPairCorr
  0.82QNTAX Quantex Fund AdviserPairCorr
  0.82QNTIX Quantex Fund InstituPairCorr
  0.71IFAAX Infrastructure FundPairCorr
  0.71IFAIX Infrastructure FundPairCorr
  0.81BLNIX Balanced Fund InstitPairCorr
  0.81BLNAX Balanced Fund AdviserPairCorr
  0.83FLCGX Quantex Fund RetailPairCorr
  0.85FLDOX Dividend OpportunitiesPairCorr
  0.84FLDGX Dynamic GrowthPairCorr
  1.0FLDFX Balanced Fund RetailPairCorr
  0.85FLFGX Global OpportunitiesPairCorr
  0.81FLMIX Muirfield Fund InstiPairCorr
  0.83FLMFX Muirfield Fund RetailPairCorr
  0.81FLMAX Muirfield Fund AdviserPairCorr
  0.71FLRUX Infrastructure FundPairCorr
  0.84FLSPX Spectrum Fund RetailPairCorr
  0.85DVOIX Dividend OpportunitiesPairCorr
  0.85DVOAX Dividend OpportunitiesPairCorr
  0.86GBPAX Global OpportunitiesPairCorr
  0.85GBPIX Global OpportunitiesPairCorr
  1.0DYGAX Dynamic GrowthPairCorr
  0.63CGRGX American Funds GrowthPairCorr
  0.63FPGGX American Funds GrowthPairCorr
  0.63FGPGX American Funds GrowthPairCorr
  0.81MUTHX Franklin Mutual SharesPairCorr
  0.81TESRX Franklin Mutual SharesPairCorr
  0.8FMSHX Franklin Mutual SharesPairCorr
  0.63GWPCX American Funds GrowthPairCorr
  0.64GWPFX American Funds GrowthPairCorr
  0.63GWPAX American Funds GrowthPairCorr
  0.63CGQGX American Funds GrowthPairCorr
  0.75LSHUX Horizon Spin OffPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic 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 Dynamic 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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