Income Growth Correlations

AMGIX Fund

USD 38.87 0.28 0.73%

The current 90-days correlation between Income Growth and Income Growth Fund is 1.0 (i.e., No risk reduction). The correlation of Income 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.

Income Growth Correlation With Market

Significant diversification

The correlation between Income Growth Fund and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income 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 Income 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 Income Mutual Fund

0.71	AMDVX	Mid Cap Value	Pair Corr
0.99	AMEIX	Equity Growth	Pair Corr
1.0	TWADX	Value Fund A	Pair Corr
0.96	TWCCX	Ultra Fund C	Pair Corr
0.96	TWCAX	Select Fund A	Pair Corr
0.96	TWCIX	Select Fund Investor	Pair Corr
0.96	TWCGX	Growth Fund Investor	Pair Corr
0.71	TWARX	Short Term Government	Pair Corr
0.72	TWAVX	Short Term Government	Pair Corr
0.98	AMVYX	Mid Cap Value	Pair Corr
0.98	AMVRX	Mid Cap Value	Pair Corr
0.98	AMVGX	Mid Cap Value	Pair Corr
0.98	TWEAX	Equity Income	Pair Corr
0.98	TWEIX	Equity Income	Pair Corr
0.79	TWGAX	International Growth	Pair Corr
0.96	TWGIX	Growth Fund I	Pair Corr
0.96	TWGGX	Global Growth	Pair Corr
0.94	TWHIX	Heritage Fund Investor	Pair Corr
0.96	TWRCX	Growth Fund C	Pair Corr
0.9	TWSCX	Strategic Allocation	Pair Corr
0.9	TWSAX	Strategic Allocation	Pair Corr
0.74	TWSMX	Strategic Allocation	Pair Corr
0.78	TWSIX	Select Fund I	Pair Corr
0.74	TWUSX	Short Term Government	Pair Corr
1.0	TWVLX	Value Fund Investor	Pair Corr
0.95	TWUAX	Ultra Fund A	Pair Corr
0.94	TWUIX	Ultra Fund I	Pair Corr
0.74	TWUOX	Short Term Government	Pair Corr
0.79	NPHIX	High Income Fund	Pair Corr

Moving against Income Mutual Fund

0.58	ANVHX	American Century Non	Pair Corr
0.57	ANVMX	American Century Non	Pair Corr
0.45	ANVLX	American Century Non	Pair Corr
0.37	ANOHX	American Century Small	Pair Corr

Related Correlations Analysis

	BIGRX	BEQGX	BIIEX	GEMAX	ACFOX	VLIFX	PPIPX	SDLAX	RLITX	LISIX
BIGRX		0.99	0.93	0.36	0.84	-0.03	0.97	0.91	0.85	0.66	BIGRX
BEQGX	0.99		0.9	0.42	0.84	-0.04	0.97	0.93	0.87	0.66	BEQGX
BIIEX	0.93	0.9		0.43	0.86	-0.01	0.89	0.82	0.75	0.71	BIIEX
GEMAX	0.36	0.42	0.43		0.57	0.25	0.48	0.49	0.47	0.74	GEMAX
ACFOX	0.84	0.84	0.86	0.57		-0.02	0.83	0.78	0.71	0.75	ACFOX
VLIFX	-0.03	-0.04	-0.01	0.25	-0.02		0.02	0.05	0.07	0.47	VLIFX
PPIPX	0.97	0.97	0.89	0.48	0.83	0.02		0.96	0.9	0.7	PPIPX
SDLAX	0.91	0.93	0.82	0.49	0.78	0.05	0.96		0.94	0.67	SDLAX
RLITX	0.85	0.87	0.75	0.47	0.71	0.07	0.9	0.94		0.65	RLITX
LISIX	0.66	0.66	0.71	0.74	0.75	0.47	0.7	0.67	0.65		LISIX
	BIGRX	BEQGX	BIIEX	GEMAX	ACFOX	VLIFX	PPIPX	SDLAX	RLITX	LISIX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BEQGX	+ 0.99	BIGRX
PPIPX	+ 0.97	BIGRX
PPIPX	+ 0.97	BEQGX
SDLAX	+ 0.96	PPIPX
RLITX	+ 0.94	SDLAX
BIIEX	+ 0.93	BIGRX

High negative correlations

VLIFX	- 0.04	BEQGX
VLIFX	- 0.03	BIGRX
VLIFX	- 0.02	ACFOX
VLIFX	- 0.01	BIIEX

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income 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 Income 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
BIGRX	0.68	0.19	0.17	5.36	0.47	(0.78)	1.37	(1.13)	8.16
BEQGX	0.81	0.25	0.19	(37.81)	0.68	(0.90)	1.52	(1.28)	12.87
BIIEX	0.58	0.10	0.06	2.91	0.54	(0.71)	1.18	(1.15)	6.26
GEMAX	0.67	0.02	(0.04)	0.36	0.93	(0.76)	1.38	(1.26)	4.71
ACFOX	1.09	0.16	0.08	0.81	1.23	(1.14)	2.25	(2.36)	11.33
VLIFX	0.60	(0.07)	0.00	1.89	0.00	0.00	1.08	(1.28)	3.31
PPIPX	0.29	0.08	0.06	(2.84)	0.00	(0.35)	0.57	(0.46)	3.35
SDLAX	0.84	0.24	0.17	(1.36)	0.66	(0.97)	1.33	(1.51)	16.53
RLITX	1.18	0.52	0.64	4.21	0.00	(1.72)	1.05	(1.04)	33.82
LISIX	0.53	0.00	(0.07)	0.09	0.64	(0.59)	0.95	(1.10)	2.29

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC