Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Allocation
FRAGX Fund  USD 12.68  0.04  0.32%   
The current 90-days correlation between Aggressive Growth and Rbc China Equity is 0.14 (i.e., Average diversification). The correlation of Aggressive 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.

Aggressive Growth Correlation With Market

Very good diversification

The correlation between Aggressive Growth Allocation and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth Allocation 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 Aggressive Growth Allocation. 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 rate.

Moving together with Aggressive Mutual Fund

  0.73FPTKX Fidelity Freedom 2015PairCorr
  0.72FPURX Fidelity PuritanPairCorr
  0.72FPUKX Fidelity PuritanPairCorr
  0.73FQIFX Fidelity Freedom IndexPairCorr
  0.73FQIPX Fidelity Freedom IndexPairCorr
  0.73FQLSX Fidelity Flex FreedomPairCorr
  0.7FRBDX Fidelity Freedom 2070PairCorr
  0.72FRBEX Fidelity Freedom 2070PairCorr
  0.7FRBHX Fidelity Freedom 2070PairCorr
  0.7FRBJX Fidelity Advisor FreedomPairCorr
  0.7FRBKX Fidelity Advisor FreedomPairCorr
  1.0FRBLX Fidelity Advisor FreedomPairCorr
  0.69FRBOX Fidelity Advisor FreedomPairCorr
  0.71FRBPX Fidelity Advisor FreedomPairCorr
  0.71FRBQX Fidelity Flex FreedomPairCorr
  0.69FRBUX Fidelity Freedom IndexPairCorr
  0.89FRBVX Fidelity Freedom IndexPairCorr
  0.89FRBWX Fidelity Freedom IndexPairCorr
  0.7FRBYX Fidelity Freedom BlendPairCorr
  0.7FRBZX Fidelity Freedom BlendPairCorr
  0.87FRAMX Fidelity Income ReplPairCorr
  0.87FRASX Fidelity Income ReplPairCorr
  0.89FRCFX Fidelity Freedom BlendPairCorr
  0.89FRCHX Fidelity Freedom BlendPairCorr
  1.0FRCKX Fidelity Freedom BlendPairCorr
  0.7FRCLX Fidelity Freedom BlendPairCorr
  0.89FRCNX Fidelity Freedom BlendPairCorr
  0.8FRCPX Fidelity Freedom BlendPairCorr
  0.7FRCQX Fidelity SustainablePairCorr
  0.88FRCRX Fidelity SustainablePairCorr
  0.8FRCVX Fidelity SustainablePairCorr
  1.0FRCWX Fidelity SustainablePairCorr
  0.68FRCYX Fidelity SustainablePairCorr
  0.88FRDCX Fidelity SustainablePairCorr
  0.68FRDDX Fidelity SustainablePairCorr
  1.0FRDEX Fidelity SustainablePairCorr
  0.73FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Aggressive Mutual Fund performing well and Aggressive 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 Aggressive 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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