Growth Allocation Correlations

Mutual Funds USA . 
Fund . Growth Allocation Index
FRGAX Fund  USD 12.83  0.01  0.08%   
The current 90-days correlation between Growth Allocation Index and Shelton Funds is -0.09 (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

Very poor diversification

The correlation between Growth Allocation Index and DJI is 0.82 (i.e., Very poor 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

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.68FPUKX Fidelity PuritanPairCorr
  0.98FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.99FQLSX Fidelity Flex FreedomPairCorr
  0.98FRBDX Fidelity Freedom 2070PairCorr
  0.98FRBEX Fidelity Freedom 2070PairCorr
  0.74FRBHX Fidelity Freedom 2070PairCorr
  0.79FRBJX Fidelity Advisor FreedomPairCorr
  0.76FRBKX Fidelity Advisor FreedomPairCorr
  0.78FRBLX Fidelity Advisor FreedomPairCorr
  0.98FRBOX Fidelity Advisor FreedomPairCorr
  0.64FRBPX Fidelity Advisor FreedomPairCorr
  0.99FRBQX Fidelity Flex FreedomPairCorr
  0.61FRBUX Fidelity Freedom IndexPairCorr
  0.79FRBVX Fidelity Freedom IndexPairCorr
  0.99FRBWX Fidelity Freedom IndexPairCorr
  0.64FRBYX Fidelity Freedom BlendPairCorr
  0.99FRBZX Fidelity Freedom BlendPairCorr
  0.8FRAGX Aggressive GrowthPairCorr
  0.71FRASX Fidelity Income ReplPairCorr
  0.64FRCFX Fidelity Freedom BlendPairCorr
  0.79FRCHX Fidelity Freedom BlendPairCorr
  0.64FRCKX Fidelity Freedom BlendPairCorr
  0.75FRCLX Fidelity Freedom BlendPairCorr
  0.64FRCNX Fidelity Freedom BlendPairCorr
  0.99FRCPX Fidelity Freedom BlendPairCorr
  0.62FRCQX Fidelity SustainablePairCorr
  0.99FRCRX Fidelity SustainablePairCorr
  0.99FRCVX Fidelity SustainablePairCorr
  0.62FRCWX Fidelity SustainablePairCorr
  0.62FRCYX Fidelity SustainablePairCorr
  0.74FRDCX Fidelity SustainablePairCorr
  0.73FRDDX Fidelity SustainablePairCorr
  0.62FRDEX Fidelity SustainablePairCorr

Related Correlations Analysis


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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