Dynamic Growth Correlations

DYGAX Fund

USD 15.12 0.04 0.27%

The current 90-days correlation between Dynamic Growth and Balanced Fund Retail is 0.96 (i.e., Almost no diversification). The correlation of Dynamic 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.

Dynamic Growth Correlation With Market

Very weak diversification

The correlation between Dynamic Growth Fund and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynamic 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 nation.

Moving together with Dynamic Mutual Fund

0.82	SRUAX	Spectrum Fund Adviser	Pair Corr
0.82	SRUIX	Spectrum Fund Instit	Pair Corr
0.99	QNTAX	Quantex Fund Adviser	Pair Corr
0.99	QNTIX	Quantex Fund Institu	Pair Corr
0.78	IFAAX	Infrastructure Fund	Pair Corr
0.78	IFAIX	Infrastructure Fund	Pair Corr
0.86	BLNIX	Balanced Fund Instit	Pair Corr
0.86	BLNAX	Balanced Fund Adviser	Pair Corr
0.99	FLCGX	Quantex Fund Retail	Pair Corr
0.88	FLDOX	Dividend Opportunities	Pair Corr
0.85	FLDGX	Dynamic Growth	Pair Corr
0.87	FLDFX	Balanced Fund Retail	Pair Corr
0.93	FLFGX	Global Opportunities	Pair Corr
0.81	FLMIX	Muirfield Fund Insti	Pair Corr
0.96	FLMFX	Muirfield Fund Retail	Pair Corr
0.96	FLMAX	Muirfield Fund Adviser	Pair Corr
0.66	FLRUX	Infrastructure Fund	Pair Corr
0.84	FLSPX	Spectrum Fund Retail	Pair Corr
0.87	DVOIX	Dividend Opportunities	Pair Corr
0.8	GBPAX	Global Opportunities	Pair Corr
0.93	GBPIX	Global Opportunities	Pair Corr
1.0	DYGIX	Dynamic Growth	Pair Corr

Moving against Dynamic Mutual Fund

0.47

XPPRX

Voya Prime Rate

Pair Corr

Related Correlations Analysis

	FLDFX	BACPX	HLEMX	SPWYX	HULEX	MNHIX	OMAH	PRCNX	SBRVX	SPPP
FLDFX		0.61	0.74	0.48	0.15	0.44	0.35	0.49	0.02	-0.27	FLDFX
BACPX	0.61		0.67	0.18	0.12	0.87	0.62	-0.13	0.36	0.3	BACPX
HLEMX	0.74	0.67		0.45	0.12	0.52	0.32	0.36	-0.06	-0.13	HLEMX
SPWYX	0.48	0.18	0.45		0.3	-0.02	-0.04	0.64	0.03	-0.33	SPWYX
HULEX	0.15	0.12	0.12	0.3		0.35	0.42	0.12	0.61	0.37	HULEX
MNHIX	0.44	0.87	0.52	-0.02	0.35		0.8	-0.29	0.57	0.54	MNHIX
OMAH	0.35	0.62	0.32	-0.04	0.42	0.8		-0.15	0.56	0.39	OMAH
PRCNX	0.49	-0.13	0.36	0.64	0.12	-0.29	-0.15		-0.27	-0.67	PRCNX
SBRVX	0.02	0.36	-0.06	0.03	0.61	0.57	0.56	-0.27		0.65	SBRVX
SPPP	-0.27	0.3	-0.13	-0.33	0.37	0.54	0.39	-0.67	0.65		SPPP
	FLDFX	BACPX	HLEMX	SPWYX	HULEX	MNHIX	OMAH	PRCNX	SBRVX	SPPP

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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

MNHIX	+ 0.87	BACPX
OMAH	+ 0.8	MNHIX
HLEMX	+ 0.74	FLDFX
HLEMX	+ 0.67	BACPX
SPPP	+ 0.65	SBRVX
PRCNX	+ 0.64	SPWYX

High negative correlations

SPPP	- 0.67	PRCNX
SPPP	- 0.33	SPWYX
PRCNX	- 0.29	MNHIX
SBRVX	- 0.27	PRCNX
SPPP	- 0.27	FLDFX
PRCNX	- 0.15	OMAH

Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic 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 Dynamic 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
FLDFX	0.45	(0.03)	(0.08)	0.02	0.73	(0.42)	0.89	(1.03)	3.56
BACPX	0.19	0.00	(0.17)	0.08	0.15	(0.22)	0.42	(0.42)	1.19
HLEMX	0.51	(0.03)	(0.08)	0.02	0.71	(0.56)	0.97	(1.16)	3.38
SPWYX	1.10	(0.19)	0.00	(0.06)	0.00	0.00	1.99	(2.25)	10.24
HULEX	0.57	(0.09)	0.00	(0.03)	0.00	0.00	0.97	(1.54)	3.49
MNHIX	0.52	0.02	0.01	0.10	0.64	(0.55)	1.16	(1.00)	3.05
OMAH	0.40	(0.03)	(0.09)	0.03	0.59	(0.39)	1.09	(1.12)	2.37
PRCNX	0.78	(0.20)	0.00	(0.12)	0.00	0.00	1.02	(1.43)	14.54
SBRVX	0.95	0.10	0.01	(0.51)	1.17	(0.98)	2.24	(1.74)	6.10
SPPP	2.30	0.39	0.09	1.02	3.54	(2.46)	5.88	(4.24)	24.95

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