Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Fund
UIAGX Fund  USD 78.28  0.60  0.77%   
The current 90-days correlation between Aggressive Growth and Federated Government Income is -0.05 (i.e., Good diversification). The correlation of Aggressive Growth 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.

Aggressive Growth Correlation With Market

Poor diversification

The correlation between Aggressive Growth Fund 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 Aggressive Growth Fund 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 Aggressive Growth 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 rate.

Moving together with Aggressive Mutual Fund

  0.92UICGX Capital GrowthPairCorr
  0.94UIEMX Emerging MarketsPairCorr
  0.95UIHIX High Income FundPairCorr
  0.83UIIFX International FundPairCorr
  0.94UIGIX Growth IncomePairCorr
  0.83UIGSX Government SecuritiesPairCorr
  0.99UIGRX Growth Fund GrowthPairCorr
  0.86UIINX Income Fund IncomePairCorr
  0.85UIISX Income StockPairCorr
  0.82UIITX Intermediate Term BondPairCorr
  0.86UISBX Short Term BondPairCorr
  0.86UISCX Small Cap StockPairCorr
  0.81UIVAX Value Fund ValuePairCorr
  0.96UIWGX World GrowthPairCorr
  0.83URIBX Intermediate Term BondPairCorr
  0.87URIFX Income Fund IncomePairCorr
  0.82URGSX Government SecuritiesPairCorr
  0.95URHIX High Income FundPairCorr
  0.96URNQX Nasdaq 100 IndexPairCorr
  0.87URSBX Short Term BondPairCorr
  0.89URUSX Ultra Short TermPairCorr
  0.99USPRX Sp 500 IndexPairCorr
  0.88UTMAX Target Managed AllocationPairCorr
  0.89UUSIX Ultra Short TermPairCorr
  0.87UGOFX Global Managed VolatilityPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.96GFAFX Growth FundPairCorr
  0.96AGTHX Growth FundPairCorr
  0.96CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.95CGFAX Growth FundPairCorr
  0.96CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.88LIIAX Columbia Porate IncomePairCorr
  0.87SRINX Columbia Porate IncomePairCorr
  0.94WRHIX Ivy High IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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