Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
GFFFX Fund  USD 75.09  1.12  1.51%   
The current 90-days correlation between Growth Fund and Doubleline Emerging Markets is 0.21 (i.e., Modest 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

Very good diversification

The correlation between Growth Fund Of and DJI is -0.22 (i.e., Very good 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Growth Fund Of. 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 census.

Moving together with Growth Mutual Fund

  0.87RNEBX New World FundPairCorr
  0.84AMFCX American MutualPairCorr
  0.84AMFFX American MutualPairCorr
  0.64AMEFX Income FundPairCorr
  0.96RNGGX New Economy FundPairCorr
  0.87RNGFX New Economy Fund Potential GrowthPairCorr
  0.87RNGHX New Economy FundPairCorr
  0.96RNGBX New Economy FundPairCorr
  0.87RNGAX New Economy FundPairCorr
  0.96RNGCX New Economy FundPairCorr
  0.64AMHIX American High IncomePairCorr
  0.71TEBCX Tax Exempt BondPairCorr
  0.66TECCX Tax Exempt FundPairCorr
  0.63TEAFX Tax Exempt BondPairCorr
  0.67TECFX Tax Exempt FundPairCorr
  0.61TEFEX Tax Exempt FundPairCorr
  0.87RNNEX New Economy FundPairCorr
  0.75CDJAX American Funds CollegePairCorr
  0.87AMPCX Amcap Fund ClassPairCorr
  0.87AMPFX Amcap Fund ClassPairCorr
  0.92RNPAX New PerspectivePairCorr
  0.9RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.91RNPEX New PerspectivePairCorr
  0.72AMRMX American MutualPairCorr
  0.72AMRFX American MutualPairCorr
  0.86RNWFX New World Fund Potential GrowthPairCorr
  0.86RNWHX New World Fund Potential GrowthPairCorr
  0.86RNWGX New World Fund Potential GrowthPairCorr
  0.88RNWBX New World FundPairCorr
  0.88RNWAX New World FundPairCorr
  0.87RNWCX New World FundPairCorr

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.

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