Growth Fund Correlations

RGEBX Fund

USD 79.77 0.16 0.20%

The current 90-days correlation between Growth Fund and The Emerging Markets is 0.29 (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

Poor diversification

The correlation between Growth Fund Of 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 Growth Fund Of 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 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 bureau of labor statistics.

Moving together with Growth Mutual Fund

0.62	AMECX	Income Fund	Pair Corr
0.67	AMFCX	American Mutual	Pair Corr
0.68	AMFFX	American Mutual	Pair Corr
0.69	AMRMX	American Mutual	Pair Corr
0.7	AMRFX	American Mutual	Pair Corr
0.71	ANFFX	New Economy Fund	Pair Corr
0.62	NPFFX	New Perspective	Pair Corr
0.73	WSHFX	Washington Mutual	Pair Corr
0.67	FAITX	American Funds 2050	Pair Corr
0.64	FAIFX	American Funds	Pair Corr
0.67	FAJTX	American Funds 2055	Pair Corr
0.66	FATTX	American Funds 2045	Pair Corr
0.66	FAUTX	American Funds 2040	Pair Corr
0.67	FAWTX	American Funds 2060	Pair Corr
0.67	FAXTX	American Funds 2065	Pair Corr
0.77	GFAFX	Growth Fund	Pair Corr
0.61	SCWFX	Smallcap World	Pair Corr
0.77	CGFAX	Growth Fund	Pair Corr
0.67	FBKTX	American Funds 2060	Pair Corr
0.62	CIMEX	Income Fund	Pair Corr
0.64	CIMFX	Income Fund	Pair Corr
0.61	CIMCX	Income Fund	Pair Corr
0.68	FFFMX	American Funds American	Pair Corr
0.64	FFIFX	American Funds	Pair Corr
0.68	FFMMX	American Funds American	Pair Corr
0.68	CLBEX	American Balanced	Pair Corr

Moving against Growth Mutual Fund

0.68	AMUSX	Us Government Securities	Pair Corr
0.34	TECCX	Tax Exempt Fund	Pair Corr
0.69	RGVAX	Us Government Securities	Pair Corr
0.69	RGVCX	Us Government Securities	Pair Corr
0.69	RGVBX	Us Government Securities	Pair Corr
0.68	CGTCX	Us Government Securities	Pair Corr
0.68	USGFX	Us Government Securities	Pair Corr
0.56	FIBLX	American Funds Inflation	Pair Corr

Related Correlations Analysis

	HCEMX	XEMDX	REMVX	CMNIX	BXECX
HCEMX		0.43	0.98	0.23	0.68	HCEMX
XEMDX	0.43		0.47	0.03	0.79	XEMDX
REMVX	0.98	0.47		0.11	0.74	REMVX
CMNIX	0.23	0.03	0.11		-0.07	CMNIX
BXECX	0.68	0.79	0.74	-0.07		BXECX
	HCEMX	XEMDX	REMVX	CMNIX	BXECX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

REMVX	+ 0.98	HCEMX
BXECX	+ 0.79	XEMDX
BXECX	+ 0.74	REMVX
BXECX	+ 0.68	HCEMX
REMVX	+ 0.47	XEMDX
XEMDX	+ 0.43	HCEMX

High negative correlations

BXECX

- 0.07

CMNIX

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
HCEMX	0.72	(0.04)	0.00	(0.04)	0.00	0.00	1.83	(1.86)	4.70
XEMDX	0.22	0.00	(0.23)	0.39	0.27	(0.29)	0.47	(0.56)	1.68
REMVX	0.86	(0.03)	(0.08)	0.01	1.13	(0.90)	1.74	(2.04)	6.85
CMNIX	0.08	0.01	(0.77)	0.22	0.00	(0.12)	0.14	(0.13)	0.54
BXECX	0.25	(0.01)	(0.31)	0.02	0.23	(0.36)	0.65	(0.40)	1.45

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