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

0.86	FFAFX	American Funds	Pair Corr
0.87	GFACX	Growth Fund	Pair Corr
0.86	AGTHX	Growth Fund	Pair Corr
0.86	CGFFX	Growth Fund	Pair Corr
0.94	CGFCX	Growth Fund	Pair Corr
0.94	CGFAX	Growth Fund	Pair Corr
0.94	CGFEX	Growth Fund	Pair Corr
0.86	RGAEX	Growth Fund	Pair Corr
0.76	AXP	American Express	Pair Corr
0.68	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.67	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Growth Mutual Fund

0.58	BTMPX	Ishares Msci Eafe	Pair Corr
0.58	BTMKX	Blackrock International	Pair Corr
0.51	MDIIX	Blackrock Intern Index	Pair Corr
0.56	VZ	Verizon Communications	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.37	MCD	McDonalds	Pair Corr
0.36	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	CNSDX	PBXIX	MCINX	CAGCX	VAADX
CNSDX		0.85	0.97	0.27	0.93	CNSDX
PBXIX	0.85		0.85	0.57	0.92	PBXIX
MCINX	0.97	0.85		0.32	0.9	MCINX
CAGCX	0.27	0.57	0.32		0.34	CAGCX
VAADX	0.93	0.92	0.9	0.34		VAADX
	CNSDX	PBXIX	MCINX	CAGCX	VAADX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CNSDX	0.60	(0.07)	0.00	(0.22)	0.00	0.00	1.11	(1.43)	2.83
PBXIX	0.43	(0.08)	0.00	1.02	0.00	0.00	0.81	(0.90)	2.66
MCINX	0.49	(0.06)	0.00	(0.20)	0.00	0.00	0.82	(1.29)	2.27
CAGCX	0.45	0.00	0.13	(0.12)	0.54	(0.50)	0.82	(0.72)	2.90
VAADX	0.65	(0.11)	0.00	1.94	0.00	0.00	1.13	(1.60)	3.39

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC