Chase Growth Correlations

Mutual Funds . USA . 
Fund . Chase Growth Fund
CHASX Fund  USD 15.58  0.24  1.56%   
The current 90-days correlation between Chase Growth and Cambiar Opportunity Fund is 0.55 (i.e., Very weak diversification). The correlation of Chase 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.

Chase Growth Correlation With Market

Poor diversification

The correlation between Chase Growth Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chase 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 Chase 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 manufacturing.

Moving together with Chase Mutual Fund

  1.0CHAIX Chase GrowthPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.99SMPSX Semiconductor Ultrasector Potential GrowthPairCorr
  0.99SMPIX Semiconductor Ultrasector Potential GrowthPairCorr
  0.95RSNRX Victory Global NaturalPairCorr
  0.95RSNYX Victory Global NaturalPairCorr
  0.94RGNCX Victory Global NaturalPairCorr
  0.98WBRESX WbresxPairCorr
  0.86HNMVX Harbor Mid CapPairCorr
  0.99VWENX Vanguard WellingtonPairCorr
  0.81FRIRRX FrirrxPairCorr
  0.99SWLSX Schwab Large CapPairCorr
  0.92CLM Cornerstone StrategicPairCorr
  0.92EDF Stone Harbor EmergingPairCorr
  0.91MAIRX Victory TrivalentPairCorr
  0.98ADX Adams Diversified EquityPairCorr
  0.86TRDIX Transamerica DividendPairCorr
  0.78CGRNX Oppenheimer ValuePairCorr
  0.88PCPAX Pace Large ValuePairCorr
  0.95PDI Pimco Dynamic IncomePairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.99VIGIX Vanguard Growth IndexPairCorr
  0.85JDURX Prudential UtilityPairCorr
  0.71IVIAX Ivy InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Chase Mutual Fund performing well and Chase 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 Chase 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.

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