Equity Growth Correlations

AMEIX Fund

USD 36.17 0.11 0.30%

The current 90-days correlation between Equity Growth and Old Westbury Municipal is -0.11 (i.e., Good diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Modest diversification

The correlation between Equity Growth Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Growth Fund 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 Equity 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 gross domestic product.

Moving together with Equity Mutual Fund

0.68	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VTSMX	Vanguard Total Stock	Pair Corr
0.69	VSMPX	Vanguard Total Stock	Pair Corr
0.66	VSTSX	Vanguard Total Stock	Pair Corr
0.69	VFINX	Vanguard 500 Index	Pair Corr
0.69	VFFSX	Vanguard 500 Index	Pair Corr
0.69	VIIIX	Vanguard Institutional	Pair Corr
0.79	FSMMX	Fs Multi Strategy	Pair Corr
0.86	BTMPX	Ishares Msci Eafe	Pair Corr
0.86	BTMKX	Blackrock International	Pair Corr
0.86	MDIIX	Blackrock Intern Index	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr

Moving against Equity Mutual Fund

0.49	T	ATT Inc	Pair Corr
0.48	HPQ	HP Inc	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	OWMBX	ABIMX	LCCMX	PATFX	0P000070L2	PCMNX	TTRBX
OWMBX		0.67	0.65	0.74	0.8	0.95	0.73	OWMBX
ABIMX	0.67		0.16	0.94	0.46	0.83	0.47	ABIMX
LCCMX	0.65	0.16		0.16	0.83	0.54	0.63	LCCMX
PATFX	0.74	0.94	0.16		0.44	0.86	0.51	PATFX
0P000070L2	0.8	0.46	0.83	0.44		0.74	0.71	0P000070L2
PCMNX	0.95	0.83	0.54	0.86	0.74		0.69	PCMNX
TTRBX	0.73	0.47	0.63	0.51	0.71	0.69		TTRBX
	OWMBX	ABIMX	LCCMX	PATFX	0P000070L2	PCMNX	TTRBX

Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity 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 Equity 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
OWMBX	0.06	0.01	(0.68)	(1.66)	0.00	(0.11)	0.17	(0.09)	0.26
ABIMX	0.10	0.02	(0.30)	(6.00)	0.00	(0.16)	0.31	(0.10)	0.93
LCCMX	0.14	0.02	(0.26)	1.48	0.00	(0.41)	0.12	(0.25)	2.58
PATFX	0.09	0.02	(0.39)	(1.73)	0.00	(0.13)	0.27	(0.18)	0.72
0P000070L2	0.03	0.00	0.00	0.67	0.00	0.00	0.00	0.00	0.40
PCMNX	0.06	0.00	(0.43)	0.00	0.00	(0.10)	0.16	(0.08)	0.33
TTRBX	0.09	0.00	(0.52)	(0.02)	0.04	(0.12)	0.20	(0.20)	0.50

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