Stock Index Correlations

Mutual Funds . USA . 
Fund . Stock Index Fund
VSTIX Fund  USD 55.88  0.05  0.09%   
The current 90-days correlation between Stock Index Fund and Touchstone Funds Group is -0.07 (i.e., Good diversification). The correlation of Stock Index 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.

Stock Index Correlation With Market

Poor diversification

The correlation between Stock Index Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stock Index 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 Stock Index 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 gross domestic product.

Moving together with STOCK Mutual Fund

  0.95VMIDX Mid Cap IndexPairCorr
  0.96VMSGX Mid Cap StrategicPairCorr
  0.97VAPPX Valic Company IPairCorr
  0.95VSRDX Valic Company IPairCorr
  0.93VSSVX Small Cap SpecialPairCorr
  0.92VBCVX Broad Cap ValuePairCorr
  0.92VCAAX Asset AllocationPairCorr
  0.95VCBCX Blue Chip GrowthPairCorr
  0.99VCGAX Growth IncomePairCorr
  0.82VCIGX Valic Company IPairCorr
  0.95VCNIX Nasdaq 100 IndexPairCorr
  0.97VCSTX Science TechnologyPairCorr
  0.94VCSLX Small Cap IndexPairCorr
  0.97VCULX Growth Fund GrowthPairCorr
  0.96VDAFX Dynamic AllocationPairCorr
  0.96VVMCX Valic Company IPairCorr
  0.93VVSGX Valic Company IPairCorr
  0.96VVSCX Valic Company IPairCorr
  0.88VLAGX Valic Company IPairCorr
  0.93VLCGX Large Capital GrowthPairCorr
  0.65VLSMX Valic Company IPairCorr
  0.93VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.93VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr

Moving against STOCK Mutual Fund

  0.52VCGSX Government SecuritiesPairCorr
  0.48VCBDX Valic Company IPairCorr
  0.46VCIFX International GovernmentPairCorr
  0.42VCTPX Inflation ProtectedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between STOCK Mutual Fund performing well and Stock Index 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 Stock Index'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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