Zevenbergen Growth Correlations

ZVNBX Fund

USD 35.31 0.37 1.06%

The current 90-days correlation between Zevenbergen Growth and Virtus High Yield is -0.26 (i.e., Very good diversification). The correlation of Zevenbergen 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.

Zevenbergen Growth Correlation With Market

Poor diversification

The correlation between Zevenbergen Growth Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevenbergen Growth 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 Growth 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 bureau of labor statistics.

Moving together with Zevenbergen Mutual Fund

0.99	ZVGIX	Zevenbergen Genea Steady Growth	Pair Corr
0.9	ZVNIX	Zevenbergen Growth Steady Growth	Pair Corr
0.83	FAFGX	American Funds	Pair Corr
0.83	FFAFX	American Funds	Pair Corr
0.82	GFACX	Growth Fund	Pair Corr
0.83	GFAFX	Growth Fund	Pair Corr
0.91	AGTHX	Growth Fund	Pair Corr
0.83	CGFFX	Growth Fund	Pair Corr
0.82	CGFCX	Growth Fund	Pair Corr
0.83	CGFAX	Growth Fund	Pair Corr
0.83	CGFEX	Growth Fund	Pair Corr
0.83	RGAEX	Growth Fund	Pair Corr
0.88	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Zevenbergen Mutual Fund

0.43	TREMX	T Rowe Price	Pair Corr
0.71	GF	New Germany Closed	Pair Corr
0.69	USGDX	Morgan Stanley Government	Pair Corr
0.62	HRBDX	Harbor Bond Fund	Pair Corr
0.58	VICSX	Vanguard Intermediate-ter	Pair Corr
0.58	BISMX	Brandes International	Pair Corr
0.56	SAEMX	Sa Emerging Markets	Pair Corr
0.54	ABNOX	Ab Bond Inflation	Pair Corr
0.54	PSDNX	Putnam Ultra Short	Pair Corr
0.52	EMBAX	Unconstrained Emerging	Pair Corr
0.5	ARBOX	Absolute Convertible	Pair Corr
0.41	GIOIX	Guggenheim Macro Opp	Pair Corr

Related Correlations Analysis

	VRHYX	PBHAX	AGDAX	DIHRX	FYAIX	MRHYX
VRHYX		0.95	0.98	0.78	0.91	0.9	VRHYX
PBHAX	0.95		0.98	0.88	0.91	0.86	PBHAX
AGDAX	0.98	0.98		0.84	0.92	0.88	AGDAX
DIHRX	0.78	0.88	0.84		0.78	0.75	DIHRX
FYAIX	0.91	0.91	0.92	0.78		0.93	FYAIX
MRHYX	0.9	0.86	0.88	0.75	0.93		MRHYX
	VRHYX	PBHAX	AGDAX	DIHRX	FYAIX	MRHYX

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Risk-Adjusted Indicators

There is a big difference between Zevenbergen Mutual Fund performing well and Zevenbergen 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 Zevenbergen 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
VRHYX	0.15	0.00	(0.01)	0.05	0.15	(0.33)	0.26	(0.26)	1.30
PBHAX	0.16	0.02	0.05	(0.29)	0.00	(0.29)	0.41	(0.21)	1.26
AGDAX	0.14	0.00	0.00	(0.06)	0.08	(0.24)	0.44	(0.29)	1.01
DIHRX	0.59	0.08	0.09	0.15	0.67	(0.68)	1.51	(1.19)	3.80
FYAIX	0.23	0.00	0.00	(0.03)	0.30	(0.23)	0.43	(0.40)	1.44
MRHYX	0.13	0.00	(0.01)	0.01	0.11	(0.17)	0.24	(0.24)	0.95

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