Growth Income Correlations

UIGIX Fund

USD 25.18 -0.11 -0.43%

Current 90-days correlation between Growth Income and Fidelity Series 1000 is 0.46 (i.e., Very weak diversification).The correlation coefficient for Growth Income ranges from -1 to +1. Values above 0.8 suggest strong positive correlation - both assets move together - while values below -0.5 suggest a useful diversification pairing.

Growth Income vs Market Correlation

Poor diversification

For the present investment horizon, the measured correlation between UIGIX and DJI stands at 0.61, or Poor diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.

World Market Map provides context for diversified portfolio design. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Growth Income Fund within the allocation view. 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 gross domestic product.

Moving together with Growth Mutual Fund

0.68	UIPMX	Precious Metals And	Pair Corr
0.64	UISBX	Short Term Bond	Pair Corr
0.65	UISCX	Small Cap Stock	Pair Corr
0.74	UGOFX	Global Managed Volatility	Pair Corr
0.65	PDI	PIMCO Dynamic Income	Pair Corr
0.67	NEAMX	Neiman Large Cap	Pair Corr
0.84	AAAIX	STRATEGIC ALLOCATION:	Pair Corr
0.72	JNBAX	JPMorgan Income Builder	Pair Corr
0.67	FLTEX	Limited Term Tax	Pair Corr
0.75	BCAPX	BlackRock Aggressive	Pair Corr
0.63	PRBIX	JPMorgan Tax Free	Pair Corr
0.85	GMXIX	Nationwide Mid Cap	Pair Corr
0.74	JNUSX	JPMorgan International	Pair Corr
0.8	YAFFX	Amg Yacktman Focused	Pair Corr
0.71	TEMSX	TIAA Cref Emerging	Pair Corr

Moving against Growth Mutual Fund

0.57	TCTGX	Transamerica Cleartrack	Pair Corr
0.57	TDKTX	Cleartrack 2015 Class	Pair Corr
0.33	UIGRX	Growth Fund Growth	Pair Corr
0.73	UIPIX	Ultrashort Mid Cap	Pair Corr
0.57	TCTJX	Transamerica Cleartrack	Pair Corr
0.54	TCSUX	Cleartrack 2020 Class	Pair Corr
0.39	CESGX	Coho Relative Value	Pair Corr

Related Correlations Analysis

	SMVLX	WIMVX	TACLX	HILVX	PAVLX	TFCCX	FIOOX
SMVLX		0.44	0.92	0.77	0.95	0.92	0.93	SMVLX
WIMVX	0.44		0.64	0.79	0.54	0.64	0.69	WIMVX
TACLX	0.92	0.64		0.88	0.95	1.0	0.96	TACLX
HILVX	0.77	0.79	0.88		0.78	0.88	0.89	HILVX
PAVLX	0.95	0.54	0.95	0.78		0.95	0.96	PAVLX
TFCCX	0.92	0.64	1.0	0.88	0.95		0.96	TFCCX
FIOOX	0.93	0.69	0.96	0.89	0.96	0.96		FIOOX
	SMVLX	WIMVX	TACLX	HILVX	PAVLX	TFCCX	FIOOX

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Income Mutual Fund doing well as a business compared to the competition. Risk-adjusted metrics allow investors to compare Growth Income's efficiency and downside exposure against peers in a more meaningful way. 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
SMVLX	0.66	0.09	0.12	0.08	0.73	-0.67	1.90	-1.38	3.74
WIMVX	0.60	-0.02	0.00	-0.07	0.00	0.00	0.94	-1.34	3.62
TACLX	0.56	0.09	0.12	0.07	0.67	-0.59	1.22	-1.01	5.12
HILVX	0.53	0.00	0.00	-0.04	0.00	0.00	1.21	-1.28	2.94
PAVLX	0.61	0.17	0.22	0.14	0.56	-0.67	1.26	-1.32	6.09
TFCCX	0.56	0.09	0.12	0.07	0.69	-0.57	1.20	-0.99	5.20
FIOOX	0.52	0.07	0.11	0.05	0.67	-0.54	1.14	-1.31	3.05

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Growth Income Correlations

Growth Income vs Market Correlation

Moving together with Growth Mutual Fund

Moving against Growth Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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