Dynamic Growth Correlations

DYGIX Fund

USD 13.68 0.19 1.41%

The current 90-days correlation between Dynamic Growth and The Hartford Global is 0.3 (i.e., 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

Poor diversification

The correlation between Dynamic Growth Fund and DJI is 0.71 (i.e., Poor 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

0.86	SRUAX	Spectrum Fund Adviser	Pair Corr
1.0	QNTAX	Quantex Fund Adviser	Pair Corr
0.7	IFAIX	Infrastructure Fund	Pair Corr
0.9	BLNAX	Balanced Fund Adviser	Pair Corr
0.96	FLDGX	Dynamic Growth	Pair Corr
0.94	FLDFX	Balanced Fund Retail	Pair Corr
0.91	FLSPX	Spectrum Fund Retail	Pair Corr
0.96	DVOIX	Dividend Opportunities	Pair Corr
0.71	GBPAX	Global Opportunities	Pair Corr
0.69	CGRGX	American Funds Growth	Pair Corr
0.79	FPGGX	American Funds Growth	Pair Corr
0.79	FGPGX	American Funds Growth	Pair Corr
0.72	MUTHX	Franklin Mutual Shares	Pair Corr
0.73	TESRX	Franklin Mutual Shares	Pair Corr
0.72	FMSHX	Franklin Mutual Shares	Pair Corr
0.78	GWPCX	American Funds Growth	Pair Corr
0.78	GWPFX	American Funds Growth	Pair Corr
0.89	GWPAX	American Funds Growth	Pair Corr
0.79	CGQGX	American Funds Growth	Pair Corr

Moving against Dynamic Mutual Fund

0.31

USGDX

Morgan Stanley Government

Pair Corr

Related Correlations Analysis

	HRLAX	GWOAX	ANAGX	DODWX	SGMAX	TBCUX	MFIRX	DBIWX
HRLAX		0.73	0.63	0.68	0.7	0.9	0.84	0.8	HRLAX
GWOAX	0.73		0.72	0.74	0.74	0.68	0.82	0.96	GWOAX
ANAGX	0.63	0.72		0.67	0.76	0.72	0.9	0.85	ANAGX
DODWX	0.68	0.74	0.67		0.97	0.68	0.69	0.78	DODWX
SGMAX	0.7	0.74	0.76	0.97		0.74	0.77	0.8	SGMAX
TBCUX	0.9	0.68	0.72	0.68	0.74		0.86	0.77	TBCUX
MFIRX	0.84	0.82	0.9	0.69	0.77	0.86		0.91	MFIRX
DBIWX	0.8	0.96	0.85	0.78	0.8	0.77	0.91		DBIWX
	HRLAX	GWOAX	ANAGX	DODWX	SGMAX	TBCUX	MFIRX	DBIWX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HRLAX	0.34	0.09	0.20	0.37	0.37	(0.41)	0.83	(0.49)	2.05
GWOAX	0.61	0.02	0.07	(0.13)	0.80	(0.61)	1.29	(1.14)	3.92
ANAGX	0.18	0.00	0.12	0.04	0.19	(0.27)	0.44	(0.44)	1.46
DODWX	0.82	(0.07)	0.00	(0.15)	0.00	0.00	1.28	(1.11)	13.09
SGMAX	0.57	(0.05)	0.00	(0.15)	0.00	0.00	0.95	(0.77)	9.52
TBCUX	0.60	0.12	0.19	0.32	0.56	(0.68)	1.49	(1.14)	4.33
MFIRX	0.11	0.01	0.18	1.24	0.00	(0.21)	0.19	(0.19)	0.77
DBIWX	0.26	0.01	0.12	(0.17)	0.32	(0.28)	0.48	(0.58)	1.77

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC