Growth Fund Correlations

VCULX Fund

USD 17.31 0.16 0.93%

The current 90-days correlation between Growth Fund Growth and Goldman Sachs Real is 0.16 (i.e., Average 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 Growth and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Growth 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 Growth. 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 bureau of economic analysis.

Moving together with Growth Mutual Fund

0.92	VMIDX	Mid Cap Index	Pair Corr
0.93	VMSGX	Mid Cap Strategic	Pair Corr
0.99	VAPPX	Valic Company I	Pair Corr
0.98	VSRDX	Valic Company I	Pair Corr
0.99	VSTIX	Stock Index Fund	Pair Corr
0.84	VSSVX	Small Cap Special	Pair Corr
0.93	VBCVX	Broad Cap Value	Pair Corr
0.97	VCAAX	Asset Allocation	Pair Corr
1.0	VCBCX	Blue Chip Growth	Pair Corr
0.97	VCGAX	Growth Income	Pair Corr
0.9	VCIGX	Valic Company I	Pair Corr
1.0	VCNIX	Nasdaq 100 Index	Pair Corr
0.99	VCSTX	Science Technology	Pair Corr
0.89	VCSLX	Small Cap Index	Pair Corr
0.89	VDAFX	Dynamic Allocation	Pair Corr
0.92	VVMCX	Valic Company I	Pair Corr
0.81	VVSGX	Valic Company I	Pair Corr
0.85	VVSCX	Valic Company I	Pair Corr
0.78	VGLSX	Global Strategy	Pair Corr
0.72	VHYLX	Valic Company I	Pair Corr
0.92	VLAGX	Valic Company I	Pair Corr
0.92	VLCGX	Large Capital Growth	Pair Corr
0.8	VLSMX	Valic Company I	Pair Corr
0.99	FAFGX	American Funds	Pair Corr
0.99	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.99	GFAFX	Growth Fund	Pair Corr

Moving against Growth Mutual Fund

0.75	VCGSX	Government Securities	Pair Corr
0.71	VCBDX	Valic Company I	Pair Corr
0.71	VCIFX	International Government	Pair Corr
0.67	VCTPX	Inflation Protected	Pair Corr
0.58	VCSOX	Global Social Awareness	Pair Corr
0.54	VCIEX	International Equities	Pair Corr
0.5	VCFVX	Foreign Value	Pair Corr
0.56	VIOPX	Valic Company I	Pair Corr
0.47	VGREX	Global Real Estate	Pair Corr

Related Correlations Analysis

	GMJPX	TIREX	GURPX	CREYX	MXREX	MURSX	PNDIX	FREEX
GMJPX		0.97	0.97	0.94	0.99	0.25	0.06	0.92	GMJPX
TIREX	0.97		0.96	0.91	0.97	0.16	-0.07	0.97	TIREX
GURPX	0.97	0.96		0.98	0.99	0.32	0.15	0.92	GURPX
CREYX	0.94	0.91	0.98		0.96	0.42	0.3	0.88	CREYX
MXREX	0.99	0.97	0.99	0.96		0.28	0.07	0.93	MXREX
MURSX	0.25	0.16	0.32	0.42	0.28		0.73	0.11	MURSX
PNDIX	0.06	-0.07	0.15	0.3	0.07	0.73		-0.15	PNDIX
FREEX	0.92	0.97	0.92	0.88	0.93	0.11	-0.15		FREEX
	GMJPX	TIREX	GURPX	CREYX	MXREX	MURSX	PNDIX	FREEX

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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

MXREX	+ 0.99	GMJPX
MXREX	+ 0.99	GURPX
CREYX	+ 0.98	GURPX
TIREX	+ 0.97	GMJPX
GURPX	+ 0.97	GMJPX
MXREX	+ 0.97	TIREX

High negative correlations

FREEX	- 0.15	PNDIX
PNDIX	- 0.07	TIREX

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
GMJPX	0.69	0.05	(0.06)	0.36	0.74	(0.80)	1.45	(1.36)	3.84
TIREX	0.70	0.04	(0.08)	0.54	0.79	(0.76)	1.25	(1.36)	3.56
GURPX	0.60	0.03	(0.10)	0.31	0.65	(0.69)	1.24	(1.10)	3.21
CREYX	0.68	0.05	(0.06)	0.35	0.77	(0.74)	1.31	(1.31)	3.61
MXREX	0.66	0.04	(0.07)	0.29	0.73	(0.74)	1.34	(1.06)	3.63
MURSX	0.45	0.08	(0.06)	1.77	0.35	(0.74)	1.28	(0.80)	3.61
PNDIX	0.05	0.01	0.00	2.88	0.00	0.00	0.10	0.00	0.70
FREEX	0.69	0.05	(0.08)	1.56	0.82	(0.69)	1.17	(1.24)	3.92

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