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.
Growth |
Moving together with Growth Mutual Fund
0.86 | FFAFX | American Funds | PairCorr |
0.87 | GFACX | Growth Fund | PairCorr |
0.86 | AGTHX | Growth Fund | PairCorr |
0.86 | CGFFX | Growth Fund | PairCorr |
0.94 | CGFCX | Growth Fund | PairCorr |
0.94 | CGFAX | Growth Fund | PairCorr |
0.94 | CGFEX | Growth Fund | PairCorr |
0.86 | RGAEX | Growth Fund | PairCorr |
0.76 | AXP | American Express | PairCorr |
0.68 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.67 | BAC | Bank of America Aggressive Push | PairCorr |
Moving against Growth Mutual Fund
0.58 | BTMPX | Ishares Msci Eafe | PairCorr |
0.58 | BTMKX | Blackrock International | PairCorr |
0.51 | MDIIX | Blackrock Intern Index | PairCorr |
0.56 | VZ | Verizon Communications | PairCorr |
0.44 | PG | Procter Gamble | PairCorr |
0.37 | MCD | McDonalds | PairCorr |
0.36 | KO | Coca Cola | PairCorr |
Related Correlations Analysis
0.85 | 0.97 | 0.27 | 0.93 | CNSDX | ||
0.85 | 0.85 | 0.57 | 0.92 | PBXIX | ||
0.97 | 0.85 | 0.32 | 0.9 | MCINX | ||
0.27 | 0.57 | 0.32 | 0.34 | CAGCX | ||
0.93 | 0.92 | 0.9 | 0.34 | VAADX | ||
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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 | 1.11 | 2.83 | |||
PBXIX | 0.43 | (0.08) | 0.00 | 1.02 | 0.00 | 0.81 | 2.66 | |||
MCINX | 0.49 | (0.06) | 0.00 | (0.20) | 0.00 | 0.82 | 2.27 | |||
CAGCX | 0.45 | 0.00 | 0.13 | (0.12) | 0.54 | 0.82 | 2.90 | |||
VAADX | 0.65 | (0.11) | 0.00 | 1.94 | 0.00 | 1.13 | 3.39 |