Growth Fund Correlations

TWCGX Fund

USD 67.93 0.11 0.16%

The current 90-days correlation between Growth Fund Investor and Mfs Mid Cap is 0.77 (i.e., Poor diversification). The correlation of Growth Fund 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 Fund Correlation With Market

Poor diversification

The correlation between Growth Fund Investor and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Investor and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Growth Fund Investor. 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 Growth Mutual Fund

0.93	AMGIX	Income Growth	Pair Corr
0.7	CDBCX	Diversified Bond	Pair Corr
0.85	TWCAX	Select Fund A	Pair Corr
0.98	TWBIX	Balanced Fund Investor	Pair Corr
0.91	TWCUX	Ultra Fund Investor	Pair Corr
0.8	TWTIX	Intermediate Term Tax	Pair Corr
0.91	TWSCX	Strategic Allocation	Pair Corr
0.82	TWSMX	Strategic Allocation	Pair Corr
0.91	TWUIX	Ultra Fund I	Pair Corr
0.66	ANTUX	Nt Non Intrinsic	Pair Corr
0.92	AOCIX	One Choice Portfolio	Pair Corr
0.94	AOMIX	One Choice Portfolio	Pair Corr
0.84	AOVIX	One Choice Portfolio	Pair Corr
0.81	BCHYX	California High Yield	Pair Corr
0.91	BCITX	California Intermediate-ter	Pair Corr
0.95	ARDVX	One Choice 2040	Pair Corr
0.84	ARHVX	American Century Inv	Pair Corr
0.82	ARTOX	One Choice In	Pair Corr
0.96	AACZX	American Century One	Pair Corr
0.98	BEQGX	Equity Growth	Pair Corr
0.83	ASIEX	Strategic Income	Pair Corr
0.74	ASTCX	Strategic Allocation:	Pair Corr
0.8	ABHIX	High Yield Fund	Pair Corr
0.8	ABHYX	High Yield Municipal	Pair Corr
0.72	ACDOX	American Century Div	Pair Corr
0.63	ACHFX	American Century High	Pair Corr
0.79	BGNMX	Ginnie Mae Fund	Pair Corr
0.99	AULDX	Ultra Fund R6	Pair Corr
0.78	ADVRX	Diversified Bond	Pair Corr
0.61	AGGWX	Global Gold Fund Steady Growth	Pair Corr

Moving against Growth Mutual Fund

0.69	ASVIX	Small Cap Value	Pair Corr
0.38	AVUAX	Mid Cap Value	Pair Corr

Related Correlations Analysis

	OTCIX	TEPLX	LZOEX	DFSVX	RLEMX	DFSTX	VAFIX	DFISX	MRSKX	DFFVX
OTCIX		-0.41	-0.47	0.67	-0.47	0.54	0.05	0.27	-0.17	0.69	OTCIX
TEPLX	-0.41		0.84	-0.24	0.84	0.14	0.75	0.54	0.74	-0.24	TEPLX
LZOEX	-0.47	0.84		-0.16	1.0	0.24	0.77	0.56	0.73	-0.17	LZOEX
DFSVX	0.67	-0.24	-0.16		-0.16	0.86	0.11	0.35	-0.08	1.0	DFSVX
RLEMX	-0.47	0.84	1.0	-0.16		0.24	0.77	0.56	0.73	-0.17	RLEMX
DFSTX	0.54	0.14	0.24	0.86	0.24		0.5	0.7	0.33	0.87	DFSTX
VAFIX	0.05	0.75	0.77	0.11	0.77	0.5		0.78	0.68	0.13	VAFIX
DFISX	0.27	0.54	0.56	0.35	0.56	0.7	0.78		0.81	0.38	DFISX
MRSKX	-0.17	0.74	0.73	-0.08	0.73	0.33	0.68	0.81		-0.07	MRSKX
DFFVX	0.69	-0.24	-0.17	1.0	-0.17	0.87	0.13	0.38	-0.07		DFFVX
	OTCIX	TEPLX	LZOEX	DFSVX	RLEMX	DFSTX	VAFIX	DFISX	MRSKX	DFFVX

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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

RLEMX	+ 1.0	LZOEX
DFFVX	+ 1.0	DFSVX
DFFVX	+ 0.87	DFSTX
DFSTX	+ 0.86	DFSVX
LZOEX	+ 0.84	TEPLX
RLEMX	+ 0.84	TEPLX

High negative correlations

RLEMX	- 0.47	OTCIX
LZOEX	- 0.47	OTCIX
TEPLX	- 0.41	OTCIX
DFFVX	- 0.24	TEPLX
DFSVX	- 0.24	TEPLX
DFFVX	- 0.17	RLEMX

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Fund 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 Fund'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
OTCIX	0.68	(0.16)	0.00	(0.05)	0.00	0.00	1.30	(1.63)	4.20
TEPLX	0.51	0.07	(0.07)	(1.43)	0.61	(0.55)	1.07	(0.76)	4.25
LZOEX	0.50	0.11	0.08	0.35	0.36	(0.57)	1.26	(0.79)	3.48
DFSVX	0.75	(0.13)	(0.09)	0.02	0.93	(0.93)	1.69	(1.30)	7.92
RLEMX	0.51	0.11	0.08	0.34	0.36	(0.58)	1.26	(0.82)	3.46
DFSTX	0.73	(0.12)	(0.08)	0.03	0.87	(0.75)	1.81	(1.19)	6.64
VAFIX	0.84	(0.07)	(0.05)	0.05	1.26	(0.80)	1.76	(2.08)	5.37
DFISX	0.52	(0.04)	(0.09)	0.06	0.67	(0.50)	1.07	(1.06)	3.77
MRSKX	0.53	(0.03)	(0.10)	0.07	0.63	(0.57)	1.05	(1.01)	3.46
DFFVX	0.72	(0.12)	(0.10)	0.02	0.89	(0.86)	1.69	(1.25)	7.58

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