Growth Fund Correlations

TCRAX Fund  USD 49.50  0.09  0.18%   
The current 90-days correlation between Growth Fund A and Invesco Vertible Securities is 0.77 (i.e., Poor 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 A and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund A and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Growth Fund A. 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 nation.

Moving together with Growth Mutual Fund

  0.86FFAFX American FundsPairCorr
  0.87GFACX Growth FundPairCorr
  0.86AGTHX Growth FundPairCorr
  0.86CGFFX Growth FundPairCorr
  0.94CGFCX Growth FundPairCorr
  0.94CGFAX Growth FundPairCorr
  0.94CGFEX Growth FundPairCorr
  0.86RGAEX Growth FundPairCorr
  0.76AXP American ExpressPairCorr
  0.68JPM JPMorgan Chase Sell-off TrendPairCorr
  0.67BAC Bank of America Aggressive PushPairCorr

Moving against Growth Mutual Fund

  0.58BTMPX Ishares Msci EafePairCorr
  0.58BTMKX Blackrock InternationalPairCorr
  0.51MDIIX Blackrock Intern IndexPairCorr
  0.56VZ Verizon CommunicationsPairCorr
  0.44PG Procter GamblePairCorr
  0.37MCD McDonaldsPairCorr
  0.36KO Coca ColaPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.