Growth Income Correlations

Mutual Funds . USA . 
Fund . Growth Income Fund
USGRX Fund  USD 25.11  0.09  0.36%   
The current 90-days correlation between Growth Income and Jpmorgan Smartretirement 2035 is 0.96 (i.e., Almost no diversification). The correlation of Growth Income 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 Income Correlation With Market

Almost no diversification

The correlation between Growth Income Fund and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Income 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 Growth Income 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 metropolitan statistical area.

Moving together with Growth Mutual Fund

  1.0UINQX Usaa Nasdaq 100PairCorr
  0.98SRVEX Victory Diversified StockPairCorr
  0.72UITBX Intermediate Term BondPairCorr
  0.71UITCX Usaa Intermediate TermPairCorr
  0.72UITIX Usaa Tax ExemptPairCorr
  0.95SSGSX Victory Sycamore SmallPairCorr
  0.86SBFCX Victory Incore InvestmentPairCorr
  0.9SBFMX Victory PortfoliosPairCorr
  0.97MMEAX Victory IntegrityPairCorr
  0.98MMMSX Victory IntegrityPairCorr
  0.97RSEGX Victory Rs SmallPairCorr
  0.97RSDGX Victory Rs SelectPairCorr
  0.92RSFYX Victory Floating RatePairCorr
  0.98RSGRX Victory Rs GrowthPairCorr
  0.92RSFMX Victory Floating RatePairCorr
  0.97RSMOX Victory Rs MidPairCorr
  0.92RSPFX Victory Rs PartnersPairCorr
  0.97RSNRX Victory Global NaturalPairCorr
  0.97RSNYX Victory Global NaturalPairCorr
  0.94RSPMX Victory Rs PartnersPairCorr
  0.94RSPYX Victory Rs PartnersPairCorr

Moving against Growth Mutual Fund

  0.31GUTEX Victory Tax ExemptPairCorr

Related Correlations Analysis

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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. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Growth Income'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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