Growth Fund Correlations
GFFFX Fund | USD 71.23 0.06 0.08% |
The current 90-days correlation between Growth Fund and Fidelity Advisor Gold is 0.46 (i.e., Very weak diversification). The correlation of Growth Fund 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.
Growth Fund Correlation With Market
Poor diversification
The correlation between Growth Fund Of and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of and DJI in the same portfolio, assuming nothing else is changed.
Growth |
Moving together with Growth Mutual Fund
0.86 | CDJAX | American Funds College | PairCorr |
0.82 | RNPAX | New Perspective | PairCorr |
0.86 | NPFCX | New Perspective | PairCorr |
0.85 | NPFFX | New Perspective | PairCorr |
0.81 | DITFX | American Funds 2050 | PairCorr |
0.82 | CWMAX | Washington Mutual | PairCorr |
0.88 | FATTX | American Funds 2045 | PairCorr |
1.0 | GFAFX | Growth Fund | PairCorr |
0.88 | SCWFX | Smallcap World | PairCorr |
0.85 | FBAFX | American Funds American | PairCorr |
0.91 | FBJTX | American Funds 2055 | PairCorr |
0.83 | FCJTX | American Funds 2055 | PairCorr |
0.92 | FCKTX | American Funds 2060 | PairCorr |
1.0 | RAFBX | Amcap Fund Class | PairCorr |
0.97 | RSEBX | Smallcap World | PairCorr |
Moving against Growth Mutual Fund
0.59 | FPPPX | American Funds Prese | PairCorr |
0.59 | RPPFX | American Funds Prese | PairCorr |
0.48 | CFAEX | Bond Fund | PairCorr |
0.32 | FAADX | American Funds College | PairCorr |
0.31 | TEPFX | American Funds Tax | PairCorr |
0.59 | CGTFX | Us Government Securities | PairCorr |
0.59 | CGTCX | Us Government Securities | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Growth Mutual Fund performing well and Growth Fund 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 Growth Fund'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FGDIX | 1.23 | 0.49 | 0.34 | 1.01 | 1.11 | 3.54 | 6.82 | |||
UIPMX | 1.12 | 0.51 | 0.38 | 1.39 | 0.95 | 3.25 | 7.10 | |||
SGDIX | 1.23 | 0.40 | 0.26 | 1.15 | 1.22 | 3.31 | 7.24 | |||
IIGCX | 1.24 | 0.49 | 0.34 | 1.06 | 1.03 | 3.36 | 7.27 | |||
UNWPX | 1.24 | 0.42 | 0.27 | 1.28 | 1.20 | 3.18 | 8.41 |