Growth Strategy Correlations

Mutual Funds . USA . 
Fund . Growth Strategy Fund
RALCX Fund  USD 13.06  0.03  0.23%   
The current 90-days correlation between Growth Strategy and International Investors Gold is 0.38 (i.e., Weak diversification). The correlation of Growth Strategy 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 Strategy Correlation With Market

Very poor diversification

The correlation between Growth Strategy Fund and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Strategy Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Growth Strategy 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 private.

Moving together with Growth Mutual Fund

  0.95RNTTX International DevelopedPairCorr
  0.89RALAX Growth StrategyPairCorr
  0.68RSDTX Short Duration BondPairCorr
  0.9RBLCX Balanced StrategyPairCorr
  0.76RTHAX Tax Exempt HighPairCorr
  0.96RTIUX Tax-managed InternationalPairCorr
  0.98RTMTX Tax Managed LargePairCorr
  1.0RELSX Equity Growth StrategyPairCorr
  1.0RELVX Equity Growth StrategyPairCorr
  1.0RELRX Equity Growth StrategyPairCorr
  0.88RELCX Equity Growth StrategyPairCorr
  0.97RETSX Tax Managed LargePairCorr
  0.78RGIYX Global InfrastructurePairCorr
  0.76RHYTX Tax Exempt HighPairCorr
  0.84FFIFX American FundsPairCorr
  0.83FAIFX American FundsPairCorr
  0.74IFACX Income FundPairCorr
  0.84IFAFX Income FundPairCorr
  0.76AMECX Income FundPairCorr
  0.81RIDBX Income FundPairCorr
  0.75CIMEX Income FundPairCorr
  0.84RIDFX Income FundPairCorr
  0.82CIMCX Income FundPairCorr
  0.83CIMFX Income FundPairCorr
  0.78XDSMX Dreyfus StrategicPairCorr
  0.77XNXJX Nuveen New JerseyPairCorr
  0.76NXJ Nuveen New JerseyPairCorr
  0.74XNBHX Neuberger Berman IntPairCorr
  0.8CVSCX Calamos Market NeutralPairCorr
  0.77WABCX Western Asset EPairCorr
  0.88NIE Allianzgi Equity ConPairCorr
  0.89VEMIX Vanguard Emerging MarketsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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