Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Strategy
RELSX Fund  USD 16.04  0.18  1.13%   
The current 90-days correlation between Equity Growth Strategy and Tiaa Cref Inflation Link is 0.1 (i.e., Average diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Poor diversification

The correlation between Equity Growth Strategy 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 Equity Growth Strategy and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Equity Growth Strategy. 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 state.

Moving together with Equity Mutual Fund

  0.68RREYX Global Real EstatePairCorr
  0.7RRSCX Global Real EstatePairCorr
  0.98RALAX Growth StrategyPairCorr
  0.82RALCX Growth StrategyPairCorr
  0.83RALRX Growth StrategyPairCorr
  0.98RALVX Growth StrategyPairCorr
  0.71RSESX Us Strategic EquityPairCorr
  0.63RSQAX Us E EquityPairCorr
  0.98RBLCX Balanced StrategyPairCorr
  0.97RBLAX Balanced StrategyPairCorr
  0.81RTLCX Tax Managed LargePairCorr
  0.62RTOUX Tax Managed MidPairCorr
  0.61RTSCX Tax Managed MidPairCorr
  0.62RTSSX Tax Managed MidPairCorr
  0.87RTXCX Russell Investment TaxPairCorr
  0.76RTXMX Russell Investment TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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