Equity Growth Correlations

RELVX Fund

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The current 90-days correlation between Equity Growth Strategy and Hennessy Technology Fund is 0.9 (i.e., Almost no 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 0.75 (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 real.

Moving together with Equity Mutual Fund

0.67	RREYX	Global Real Estate	Pair Corr
0.69	RRSCX	Global Real Estate	Pair Corr
0.98	RALAX	Growth Strategy	Pair Corr
0.82	RALCX	Growth Strategy	Pair Corr
0.84	RALRX	Growth Strategy	Pair Corr
0.98	RALVX	Growth Strategy	Pair Corr
0.72	RSESX	Us Strategic Equity	Pair Corr
0.63	RSQAX	Us E Equity	Pair Corr
0.97	RBLCX	Balanced Strategy	Pair Corr
0.97	RBLAX	Balanced Strategy	Pair Corr
0.82	RTLCX	Tax Managed Large	Pair Corr
0.64	RTOUX	Tax Managed Mid	Pair Corr
0.63	RTSCX	Tax Managed Mid	Pair Corr
0.64	RTSSX	Tax Managed Mid	Pair Corr
0.87	RTXCX	Russell Investment Tax	Pair Corr
0.75	RTXMX	Russell Investment Tax	Pair Corr
0.61	RUNTX	Us Small Cap	Pair Corr

Related Correlations Analysis

	HTECX	WFTIX	BSTSX	JNGTX	RAGTX	JAGTX	VITAX
HTECX		0.93	0.95	0.89	0.92	0.95	0.88	HTECX
WFTIX	0.93		0.89	0.94	0.88	0.89	0.83	WFTIX
BSTSX	0.95	0.89		0.92	0.98	1.0	0.98	BSTSX
JNGTX	0.89	0.94	0.92		0.91	0.92	0.91	JNGTX
RAGTX	0.92	0.88	0.98	0.91		0.98	0.97	RAGTX
JAGTX	0.95	0.89	1.0	0.92	0.98		0.98	JAGTX
VITAX	0.88	0.83	0.98	0.91	0.97	0.98		VITAX
	HTECX	WFTIX	BSTSX	JNGTX	RAGTX	JAGTX	VITAX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HTECX	1.14	(0.08)	(0.11)	1.67	(3.14)	5.92
WFTIX	0.90	(0.13)	0.68	1.72	(2.29)	4.88
BSTSX	1.49	(0.12)	(0.14)	2.37	(3.69)	9.07
JNGTX	1.18	(0.15)	0.50	2.00	(3.18)	6.41
RAGTX	1.46	(0.17)	(0.18)	2.83	(3.76)	8.10
JAGTX	1.20	(0.08)	(0.12)	2.00	(3.18)	6.40
VITAX	1.35	(0.13)	(0.15)	2.10	(3.34)	7.62

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Equity Growth Correlations

Equity Growth Correlation With Market

Poor diversification

Moving together with Equity Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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