Growth Income Correlations

Mutual Funds . USA . 
Fund . Growth Income Fund
VCGAX Fund  USD 34.08  0.24  0.70%   
The current 90-days correlation between Growth Income and Praxis Small Cap is 0.93 (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

Good diversification

The correlation between Growth Income Fund and DJI is -0.07 (i.e., Good 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 nation.

Moving together with Growth Mutual Fund

  0.97VMIDX Mid Cap IndexPairCorr
  1.0VAPPX Valic Company IPairCorr
  1.0VSRDX Valic Company IPairCorr
  0.98VSTIX Stock Index FundPairCorr
  0.88VSSVX Small Cap SpecialPairCorr
  0.98VBCVX Broad Cap ValuePairCorr
  0.98VCAAX Asset AllocationPairCorr
  0.67VCBDX Valic Company IPairCorr
  0.95VCFVX Foreign ValuePairCorr
  0.94VCIEX International EquitiesPairCorr
  0.65VCIFX International GovernmentPairCorr
  0.98VCIGX Valic Company IPairCorr
  0.96VCINX International GrowthPairCorr
  0.98VCNIX Nasdaq 100 IndexPairCorr
  0.71VCTPX Inflation ProtectedPairCorr
  0.94VCSOX Global Social AwarenessPairCorr
  0.97VCSLX Small Cap IndexPairCorr
  0.99VDAFX Dynamic AllocationPairCorr
  0.99VVSGX Valic Company IPairCorr
  0.97VVSCX Valic Company IPairCorr
  0.98VGCLX Valic Company IPairCorr
  0.98VGLSX Global StrategyPairCorr
  0.87VGREX Global Real EstatePairCorr
  0.96VHYLX Valic Company IPairCorr
  0.96VIOPX Valic Company IPairCorr
  0.98VLAGX Valic Company IPairCorr
  0.98VLCGX Large Capital GrowthPairCorr
  0.99VLSMX Valic Company IPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.93PFN Pimco Income StrategyPairCorr

Moving against Growth Mutual Fund

  0.41XNBHX Neuberger Berman IntPairCorr
  0.31XDSMX Dreyfus StrategicPairCorr

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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