Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund R5
AGWUX Fund  USD 58.91  0.25  0.43%   
The current 90-days correlation between Growth Fund R5 and Financials Ultrasector Profund is 0.02 (i.e., Significant 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

Very poor diversification

The correlation between Growth Fund R5 and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund R5 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Growth Fund R5. 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 persons.

Moving together with Growth Mutual Fund

  0.71AMDVX Mid Cap ValuePairCorr
  0.96AMGIX Income GrowthPairCorr
  0.68AMKIX Emerging MarketsPairCorr
  0.73TWACX Short Term GovernmentPairCorr
  1.0TWCCX Ultra Fund CPairCorr
  1.0TWCAX Select Fund APairCorr
  0.99TWCIX Select Fund InvestorPairCorr
  1.0TWCGX Growth Fund InvestorPairCorr
  0.74TWARX Short Term GovernmentPairCorr
  0.74TWAVX Short Term GovernmentPairCorr
  0.97AMVRX Mid Cap ValuePairCorr
  0.96TWEIX Equity IncomePairCorr
  1.0TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.68TWIEX International GrowthPairCorr
  0.99TWHIX Heritage Fund InvestorPairCorr
  0.68TWMIX Emerging MarketsPairCorr
  0.73TWTIX Intermediate Term TaxPairCorr
  0.91TWSCX Strategic Allocation:PairCorr
  0.91TWSAX Strategic Allocation:PairCorr
  0.91TWSMX Strategic Allocation:PairCorr
  0.74TWUSX Short Term GovernmentPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  1.0TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.74TWUOX Short Term GovernmentPairCorr
  0.7TWWOX Intermediate Term TaxPairCorr
  0.96ANORX Small Cap GrowthPairCorr
  0.7ANONX Small Cap GrowthPairCorr
  0.95ANOIX Small Cap GrowthPairCorr
  0.94ANOHX American Century SmallPairCorr
  0.95ANODX Small Cap GrowthPairCorr
  0.95ANTUX Nt Non IntrinsicPairCorr
  0.79ANTMX Nt International SmallPairCorr
  0.89AOCIX One Choice PortfolioPairCorr
  0.91AOGIX One Choice PortfolioPairCorr
  0.9AOMIX One Choice PortfolioPairCorr

Related Correlations Analysis


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.

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