Growth Fund Correlations

CGFCX Fund

USD 68.61 1.17 1.73%

The current 90-days correlation between Growth Fund and M Large Cap is 0.92 (i.e., Almost no 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

Almost no diversification

The correlation between Growth Fund Of and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of 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 Of. 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 main economic indicators.

Moving together with Growth Mutual Fund

0.93	FAFGX	American Funds	Pair Corr
0.93	FFAFX	American Funds	Pair Corr
0.93	GFACX	Growth Fund	Pair Corr
1.0	GFAFX	Growth Fund	Pair Corr
1.0	AGTHX	Growth Fund	Pair Corr
0.93	CGFFX	Growth Fund	Pair Corr
1.0	CGFAX	Growth Fund	Pair Corr
1.0	CGFEX	Growth Fund	Pair Corr
0.93	RGAEX	Growth Fund	Pair Corr
0.93	FTYPX	Fidelity Freedom Index	Pair Corr
0.93	FFBTX	Fidelity Freedom Blend	Pair Corr
0.94	GCAVX	Gmo Small Cap	Pair Corr
0.92	GQLOX	Gmo Quality Fund	Pair Corr
0.86	GHVIX	Gmo High Yield	Pair Corr
0.99	GMCQX	Gmo Equity Allocation	Pair Corr
0.81	IBM	International Business	Pair Corr
0.94	CAT	Caterpillar	Pair Corr
0.93	BAC	Bank of America Aggressive Push	Pair Corr
0.84	JPM	JPMorgan Chase	Pair Corr
0.87	GE	GE Aerospace	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr
0.8	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Growth Mutual Fund

0.61

GABFX

Gmo Asset Allocation

Pair Corr

Related Correlations Analysis

	MTCGX	BALGX	CMIFX	LMISX	ILESX	ENGRX	GMLGX
MTCGX		0.95	0.7	0.99	0.96	0.95	0.98	MTCGX
BALGX	0.95		0.67	0.95	0.93	0.98	0.94	BALGX
CMIFX	0.7	0.67		0.65	0.6	0.71	0.62	CMIFX
LMISX	0.99	0.95	0.65		0.98	0.95	1.0	LMISX
ILESX	0.96	0.93	0.6	0.98		0.93	0.99	ILESX
ENGRX	0.95	0.98	0.71	0.95	0.93		0.94	ENGRX
GMLGX	0.98	0.94	0.62	1.0	0.99	0.94		GMLGX
	MTCGX	BALGX	CMIFX	LMISX	ILESX	ENGRX	GMLGX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MTCGX	1.38	0.14	0.07	0.15	1.98	(1.46)	2.51	(2.78)	15.24
BALGX	1.32	0.18	0.06	(1.75)	1.89	(1.38)	2.56	(2.93)	15.29
CMIFX	0.09	0.01	(0.17)	(2.86)	0.00	(0.14)	0.21	(0.21)	0.62
LMISX	1.09	0.08	0.05	0.11	1.62	(1.16)	2.24	(2.20)	12.85
ILESX	1.18	0.06	0.03	0.09	1.85	(1.16)	2.36	(2.48)	13.90
ENGRX	0.56	0.07	0.03	(27.46)	0.89	(0.61)	1.57	(1.95)	4.33
GMLGX	1.14	0.06	0.03	0.09	1.74	(1.16)	2.14	(2.32)	13.49

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