Growth Allocation Correlations

Mutual Funds . USA . 
Fund . Growth Allocation Index
FRGAX Fund  USD 11.80  0.05  0.43%   
The current 90-days correlation between Growth Allocation Index and Blackrock Global Longshort is -0.11 (i.e., Good diversification). The correlation of Growth Allocation 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 Allocation Correlation With Market

Almost no diversification

The correlation between Growth Allocation Index and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Allocation Index 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 Growth Allocation Index. 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 Growth Mutual Fund

  0.99FPTKX Fidelity Freedom 2015PairCorr
  1.0FPURX Fidelity PuritanPairCorr
  1.0FPUKX Fidelity PuritanPairCorr
  0.72FPXTX Fidelity PennsylvaniaPairCorr
  1.0FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.86FQITX Fidelity Salem StreetPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.99FRBDX Fidelity Freedom 2070PairCorr
  0.67FRBEX Fidelity Freedom 2070PairCorr
  0.67FRBHX Fidelity Freedom 2070PairCorr
  0.68FRBJX Fidelity Advisor FreedomPairCorr
  0.67FRBKX Fidelity Advisor FreedomPairCorr
  0.68FRBLX Fidelity Advisor FreedomPairCorr
  0.67FRBOX Fidelity Advisor FreedomPairCorr
  0.75FRBPX Fidelity Advisor FreedomPairCorr
  0.75FRBQX Fidelity Flex FreedomPairCorr
  0.67FRBUX Fidelity Freedom IndexPairCorr
  0.75FRBVX Fidelity Freedom IndexPairCorr
  0.67FRBWX Fidelity Freedom IndexPairCorr
  0.67FRBYX Fidelity Freedom BlendPairCorr
  0.67FRBZX Fidelity Freedom BlendPairCorr
  0.67FRAGX Aggressive GrowthPairCorr
  0.97FRAMX Fidelity Income ReplPairCorr
  0.74FRASX Fidelity Income ReplPairCorr
  0.75FRCHX Fidelity Freedom BlendPairCorr
  0.99FRCKX Fidelity Freedom BlendPairCorr
  0.67FRCLX Fidelity Freedom BlendPairCorr
  0.67FRCNX Fidelity Freedom BlendPairCorr
  0.67FRCPX Fidelity Freedom BlendPairCorr
  0.68FRCRX Fidelity SustainablePairCorr
  0.76FRCVX Fidelity SustainablePairCorr
  0.68FRCWX Fidelity SustainablePairCorr
  0.68FRCYX Fidelity SustainablePairCorr
  0.76FRDCX Fidelity SustainablePairCorr
  0.76FRDDX Fidelity SustainablePairCorr
  0.68FRDEX Fidelity SustainablePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Allocation 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 Allocation'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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