Growth Income Correlations

Mutual Funds . USA . 
Fund . Growth Income Fund
VCGAX Fund  USD 31.18  0.01  0.03%   
The current 90-days correlation between Growth Income and Ab Bond Inflation is 0.13 (i.e., Average diversification). The correlation of Growth Income 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 Income Correlation With Market

Poor diversification

The correlation between Growth Income Fund and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Income Fund 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 Income Fund. 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

  0.98VMIDX Mid Cap IndexPairCorr
  0.95VMSGX Mid Cap StrategicPairCorr
  0.98VAPPX Valic Company IPairCorr
  0.97VSRDX Valic Company IPairCorr
  0.99VSTIX Stock Index FundPairCorr
  0.96VSSVX Small Cap SpecialPairCorr
  0.91VBCVX Broad Cap ValuePairCorr
  0.99VCAAX Asset AllocationPairCorr
  0.97VCBCX Blue Chip GrowthPairCorr
  0.8VCIGX Valic Company IPairCorr
  0.97VCNIX Nasdaq 100 IndexPairCorr
  0.96VCSTX Science TechnologyPairCorr
  0.96VCSLX Small Cap IndexPairCorr
  0.98VCULX Growth Fund GrowthPairCorr
  0.94VDAFX Dynamic AllocationPairCorr
  0.98VVMCX Valic Company IPairCorr
  0.93VVSGX Valic Company IPairCorr
  0.98VVSCX Valic Company IPairCorr
  0.84VLAGX Valic Company IPairCorr
  0.96VLCGX Large Capital GrowthPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr

Moving against Growth Mutual Fund

  0.58VCGSX Government SecuritiesPairCorr
  0.55VCBDX Valic Company IPairCorr
  0.52VCIFX International GovernmentPairCorr
  0.49VCTPX Inflation ProtectedPairCorr
  0.38VCIEX International EquitiesPairCorr
  0.35VCSOX Global Social AwarenessPairCorr
  0.34VCGEX Emerging EconomiesPairCorr
  0.97USPSX Profunds UltrashortPairCorr
  0.33VIOPX Valic Company IPairCorr

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 Income 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 Income'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.

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