Dynamic Growth Correlations

Mutual Funds . USA . 
Fund . Dynamic Growth Fund
FLDGX Fund  USD 13.33  0.04  0.30%   
The current 90-days correlation between Dynamic Growth and Muirfield Fund Retail is 1.0 (i.e., No risk reduction). 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 0.74 (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 price.

Moving together with Dynamic Mutual Fund

  0.96SRUAX Spectrum Fund AdviserPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  0.7IFAIX Infrastructure FundPairCorr
  1.0BLNAX Balanced Fund AdviserPairCorr
  0.99FLDFX Balanced Fund RetailPairCorr
  0.96FLSPX Spectrum Fund RetailPairCorr
  0.96DVOIX Dividend OpportunitiesPairCorr
  0.7GBPAX Global OpportunitiesPairCorr
  0.82CGRGX American Funds GrowthPairCorr
  0.82FPGGX American Funds GrowthPairCorr
  0.82FGPGX American Funds GrowthPairCorr
  0.64MUTHX Franklin Mutual SharesPairCorr
  0.64TESRX Franklin Mutual SharesPairCorr
  0.64FMSHX Franklin Mutual SharesPairCorr
  0.81GWPCX American Funds GrowthPairCorr
  0.82GWPFX American Funds GrowthPairCorr
  0.82GWPAX American Funds GrowthPairCorr
  0.82CGQGX American Funds GrowthPairCorr

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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