Growth Fund Correlations

TWRCX Fund

USD 43.00 0.09 0.21%

The current 90-days correlation between Growth Fund C and John Hancock Financial is 0.09 (i.e., Significant 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

Good diversification

The correlation between Growth Fund C and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund C 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 C. 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 main economic indicators.

Moving together with Growth Mutual Fund

0.87	AMEIX	Equity Growth	Pair Corr
0.76	AMGIX	Income Growth	Pair Corr
0.9	TWCCX	Ultra Fund C	Pair Corr
0.89	TWCAX	Select Fund A	Pair Corr
1.0	TWCIX	Select Fund Investor	Pair Corr
1.0	TWCGX	Growth Fund Investor	Pair Corr
0.9	TWCUX	Ultra Fund Investor	Pair Corr
0.87	TWHIX	Heritage Fund Investor	Pair Corr
0.9	TWUAX	Ultra Fund A	Pair Corr
0.72	AOVIX	One Choice Portfolio	Pair Corr

Moving against Growth Mutual Fund

0.81	TWACX	Short Term Government	Pair Corr
0.8	TWAVX	Short Term Government	Pair Corr
0.69	CDBCX	Diversified Bond	Pair Corr
0.48	TWARX	Short Term Government	Pair Corr
0.4	TWTIX	Intermediate Term Tax	Pair Corr
0.34	TWWOX	Intermediate Term Tax	Pair Corr
0.33	TWTCX	Intermediate Term Tax	Pair Corr
0.31	TWEIX	Equity Income	Pair Corr
0.74	APOHX	Short Duration Inflation	Pair Corr
0.73	BTTRX	Zero Pon 2025	Pair Corr
0.71	ANVLX	American Century Non	Pair Corr
0.7	APISX	Short Duration Inflation	Pair Corr
0.43	BCIAX	California Intermediate-ter	Pair Corr
0.39	BCITX	California Intermediate-ter	Pair Corr
0.36	BCIYX	California Intermediate-ter	Pair Corr

Related Correlations Analysis

	BTO	XFINX	MCBXX	FIDAX	MSVIX	PRISX	FIKBX	DVFYX
BTO		0.63	0.0	0.94	0.93	0.9	0.94	0.72	BTO
XFINX	0.63		0.0	0.68	0.51	0.68	0.69	0.62	XFINX
MCBXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MCBXX
FIDAX	0.94	0.68	0.0		0.84	0.98	1.0	0.87	FIDAX
MSVIX	0.93	0.51	0.0	0.84		0.78	0.84	0.5	MSVIX
PRISX	0.9	0.68	0.0	0.98	0.78		0.99	0.92	PRISX
FIKBX	0.94	0.69	0.0	1.0	0.84	0.99		0.87	FIKBX
DVFYX	0.72	0.62	0.0	0.87	0.5	0.92	0.87		DVFYX
	BTO	XFINX	MCBXX	FIDAX	MSVIX	PRISX	FIKBX	DVFYX

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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

FIKBX	+ 1.0	FIDAX
FIKBX	+ 0.99	PRISX
PRISX	+ 0.98	FIDAX
FIDAX	+ 0.94	BTO
FIKBX	+ 0.94	BTO
MSVIX	+ 0.93	BTO

High negative correlations

DVFYX	- 0.0	MCBXX
FIKBX	- 0.0	MCBXX
PRISX	- 0.0	MCBXX
MSVIX	- 0.0	MCBXX
FIDAX	- 0.0	MCBXX
MCBXX	- 0.0	XFINX

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
BTO	0.99	0.02	0.00	(0.05)	0.00	0.00	2.34	(2.35)	6.87
XFINX	0.13	0.00	0.20	(0.09)	0.23	(0.16)	0.29	(0.64)	1.27
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIDAX	0.85	0.06	0.00	(0.01)	0.00	0.00	2.02	(2.86)	6.35
MSVIX	0.85	(0.01)	0.00	(0.08)	0.00	0.00	1.60	(2.19)	4.25
PRISX	0.82	0.05	0.00	(0.01)	0.00	0.00	1.80	(1.86)	6.12
FIKBX	0.85	0.06	0.05	(0.01)	1.34	(0.78)	1.73	(2.69)	6.29
DVFYX	0.83	0.10	0.09	0.04	1.17	(0.81)	1.78	(2.39)	6.47

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