Growth Fund Correlations

TWCGX Fund

USD 63.78 0.62 0.98%

The current 90-days correlation between Growth Fund Investor and Select Fund Investor is -0.29 (i.e., Very good 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 0.62 (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

0.7	TWRCX	Growth Fund C	Pair Corr
0.66	TWSMX	Strategic Allocation:	Pair Corr
0.64	ANTMX	Nt International Small	Pair Corr
0.67	AOGIX	One Choice Portfolio	Pair Corr
0.69	APISX	Short Duration Inflation	Pair Corr
0.64	ACVAX	Strategic Allocation:	Pair Corr
0.7	AIADX	Inflation Adjusted Bond	Pair Corr
0.89	FAFGX	American Funds	Pair Corr
0.89	FFAFX	American Funds	Pair Corr
0.89	GFACX	Growth Fund	Pair Corr
0.61	GFAFX	Growth Fund	Pair Corr
0.98	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.89	CGFCX	Growth Fund	Pair Corr
0.9	CGFAX	Growth Fund	Pair Corr
0.9	CGFEX	Growth Fund	Pair Corr
0.89	RGAEX	Growth Fund	Pair Corr
0.83	MGHRX	Morgan Stanley Insti	Pair Corr
0.95	MBIRX	Morgan Stanley Insight	Pair Corr
0.83	MGRPX	Growth Portfolio Class Steady Growth	Pair Corr
0.84	MCRTX	Morgan Stanley Multi Steady Growth	Pair Corr
0.98	ONERX	One Rock Fund	Pair Corr
0.82	MSGUX	Growth Portfolio Class	Pair Corr
0.84	MSCMX	Morgan Stanley Multi	Pair Corr
0.77	UIIFX	International Fund	Pair Corr
0.97	PSBIX	Strategic Asset Mana	Pair Corr
0.94	FDHCX	First Trust Short	Pair Corr
0.8	BRUNX	Mfs Blended Research	Pair Corr
0.66	PGGEX	Putnam Global Income	Pair Corr
0.69	COMSX	Dws Communications	Pair Corr
0.88	MMAIX	Mfs Moderate Allocation	Pair Corr
0.8	JMGZX	Jpmorgan Mid Cap	Pair Corr
0.95	RIV	Rivernorth Opportunities	Pair Corr
0.64	JLGQX	Jpmorgan Large Cap	Pair Corr

Related Correlations Analysis

	TWCIX	TWCUX	TWHIX	TWIEX	TWVLX
TWCIX		0.88	0.77	0.14	0.84	TWCIX
TWCUX	0.88		0.71	0.2	0.9	TWCUX
TWHIX	0.77	0.71		-0.02	0.61	TWHIX
TWIEX	0.14	0.2	-0.02		0.27	TWIEX
TWVLX	0.84	0.9	0.61	0.27		TWVLX
	TWCIX	TWCUX	TWHIX	TWIEX	TWVLX

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

TWVLX	+ 0.9	TWCUX
TWCUX	+ 0.88	TWCIX
TWVLX	+ 0.84	TWCIX
TWHIX	+ 0.77	TWCIX
TWHIX	+ 0.71	TWCUX
TWVLX	+ 0.61	TWHIX

High negative correlations

TWIEX

- 0.02

TWHIX

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
TWCIX	0.61	0.15	0.02	(0.62)	0.69	(0.64)	1.33	(1.19)	3.61
TWCUX	0.63	0.04	0.02	0.17	0.62	(0.69)	1.38	(1.29)	3.63
TWHIX	0.69	0.06	(0.09)	(0.20)	0.71	(0.75)	1.48	(1.07)	3.40
TWIEX	0.63	(0.12)	0.00	(0.04)	0.00	0.00	1.30	(1.42)	3.50
TWVLX	0.51	0.04	0.02	0.16	0.42	(0.60)	1.34	(0.97)	2.98

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