Capital Growth Correlations
| UICGX Fund | USD 12.75 0.03 0.23% |
The correlation of Capital Growth 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.
Capital Growth Correlation With Market
Good diversification
The correlation between Capital Growth Fund and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
Capital |
Moving together with Capital Mutual Fund
| 0.89 | UIGIX | Growth Income | PairCorr |
| 0.71 | UIGRX | Growth Fund Growth | PairCorr |
| 0.89 | UIISX | Income Stock | PairCorr |
| 0.61 | UISCX | Small Cap Stock | PairCorr |
| 0.93 | UIVAX | Value Fund Value | PairCorr |
| 0.92 | UIWGX | World Growth | PairCorr |
| 0.75 | URNQX | Nasdaq 100 Index | PairCorr |
| 0.83 | USPRX | Sp 500 Index | PairCorr |
| 0.9 | UTMAX | Target Managed Allocation | PairCorr |
| 0.98 | UGOFX | Global Managed Volatility | PairCorr |
| 0.64 | UIAGX | Aggressive Growth | PairCorr |
| 0.94 | FCWGX | American Funds Capital | PairCorr |
| 0.94 | FWCGX | American Funds Capital | PairCorr |
| 0.96 | CWGIX | Capital World Growth | PairCorr |
| 0.96 | CWGFX | Capital World Growth | PairCorr |
| 0.96 | CWGCX | Capital World Growth | PairCorr |
| 0.96 | RWIFX | Capital World Growth | PairCorr |
| 0.96 | CWICX | Capital World Growth | PairCorr |
| 0.96 | RWIAX | Capital World Growth | PairCorr |
| 0.96 | CWIAX | Capital World Growth | PairCorr |
| 0.94 | WGIFX | Capital World Growth | PairCorr |
Moving against Capital Mutual Fund
| 0.74 | USPSX | Profunds Ultrashort | PairCorr |
| 0.74 | USPIX | Profunds Ultrashort | PairCorr |
| 0.66 | UIPIX | Ultrashort Mid Cap | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HEWXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | IAAEX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JRSXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FMFXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Capital Mutual Fund performing well and Capital Growth 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 Capital Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HEWXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IAAEX | 0.80 | (0.12) | 0.00 | (0.32) | 0.00 | 1.41 | 9.17 | |||
| JRSXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMFXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |