Zevenbergen Genea Correlations

Mutual Funds . USA . 
Fund . Zevenbergen Genea Fund
ZVGIX Fund  USD 47.17  1.74  3.83%   
The current 90-days correlation between Zevenbergen Genea and Us Government Securities is -0.09 (i.e., Good diversification). The correlation of Zevenbergen Genea 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.

Zevenbergen Genea Correlation With Market

Very weak diversification

The correlation between Zevenbergen Genea Fund and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevenbergen Genea Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zevenbergen Genea 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 Zevenbergen Mutual Fund

  0.99ZVNIX Zevenbergen GrowthPairCorr
  0.99ZVNBX Zevenbergen GrowthPairCorr
  0.92FAFGX American FundsPairCorr
  0.92FFAFX American FundsPairCorr
  0.91GFACX Growth FundPairCorr
  0.84GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.92CGFFX Growth FundPairCorr
  0.82CGFCX Growth FundPairCorr
  0.92CGFAX Growth FundPairCorr
  0.92CGFEX Growth FundPairCorr
  0.92RGAEX Growth FundPairCorr
  0.73SMPIX Semiconductor UltrasectorPairCorr
  0.69SMPSX Semiconductor UltrasectorPairCorr
  0.94CISGX Touchstone Sands CapitalPairCorr

Moving against Zevenbergen Mutual Fund

  0.5TREMX T Rowe PricePairCorr
  0.77GF New Germany ClosedPairCorr
  0.67USGDX Morgan Stanley GovernmentPairCorr
  0.65BISMX Brandes InternationalPairCorr
  0.65PSDNX Putnam Ultra ShortPairCorr
  0.63HRBDX Harbor Bond FundPairCorr
  0.62ABNOX Ab Bond InflationPairCorr
  0.6ARBOX Absolute ConvertiblePairCorr
  0.59VICSX Vanguard Intermediate-terPairCorr
  0.58EMBAX Unconstrained EmergingPairCorr
  0.51SAEMX Sa Emerging MarketsPairCorr
  0.5GIOIX Guggenheim Macro OppPairCorr
  0.44DLDFX Destinations Low DurationPairCorr
  0.44UTF Cohen And SteersPairCorr
  0.36SGDLX Sprott Gold EquityPairCorr
  0.32HTD John Hancock TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Zevenbergen Mutual Fund performing well and Zevenbergen Genea 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 Zevenbergen Genea'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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