Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
ACGCX Fund  USD 37.29  0.02  0.05%   
The current 90-days correlation between Income Growth and Mid Cap Value is -0.25 (i.e., Very good diversification). The correlation of Income 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.

Income Growth Correlation With Market

Almost no diversification

The correlation between Income Growth 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 Income Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Income 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 main economic indicators.

Moving together with Income Mutual Fund

  0.73AMDVX Mid Cap ValuePairCorr
  0.76AMEIX Equity GrowthPairCorr
  0.76AMGIX Income GrowthPairCorr
  0.65CDBCX Diversified BondPairCorr
  0.71AMKIX Emerging MarketsPairCorr
  0.61TWACX Short Term GovernmentPairCorr
  0.64TWADX Value Fund APairCorr
  0.67TWCCX Ultra Fund CPairCorr
  0.75TWCAX Select Fund APairCorr
  0.66TWCIX Select Fund InvestorPairCorr
  0.74TWCGX Growth Fund InvestorPairCorr
  0.71TWAVX Short Term GovernmentPairCorr
  0.64AMVYX Mid Cap ValuePairCorr
  0.64AMVRX Mid Cap ValuePairCorr
  0.75TWBIX Balanced Fund InvestorPairCorr
  0.75TWCUX Ultra Fund InvestorPairCorr
  0.72TWGAX International GrowthPairCorr
  0.74TWGIX Growth Fund IPairCorr
  0.75TWGGX Global GrowthPairCorr
  0.77TWIEX International GrowthPairCorr
  0.68TWHIX Heritage Fund InvestorPairCorr
  0.61TWMIX Emerging MarketsPairCorr
  0.98TWRCX Growth Fund CPairCorr
  0.87TWTCX Intermediate Term TaxPairCorr
  0.89TWTIX Intermediate Term TaxPairCorr
  0.67TWSCX Strategic Allocation:PairCorr
  0.67TWSAX Strategic Allocation:PairCorr
  0.99TWSMX Strategic Allocation:PairCorr
  0.66TWSIX Select Fund IPairCorr
  0.73TWUSX Short Term GovernmentPairCorr
  0.73TWVLX Value Fund InvestorPairCorr
  0.67TWUAX Ultra Fund APairCorr
  0.67TWUIX Ultra Fund IPairCorr
  0.89TWWOX Intermediate Term TaxPairCorr
  0.65NPHIX High Income FundPairCorr
  0.68ANORX Small Cap GrowthPairCorr
  0.99ANONX Small Cap GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income 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 Income 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMDVX  0.66  0.18  0.03 (0.86) 0.60 
(0.74)
 1.96 
(1.08)
 4.36 
AMEIX  0.62  0.33  0.28 (6.03) 0.00 
(0.75)
 2.06 
(0.76)
 5.23 
AMGIX  0.58  0.22  0.10 (1.45) 0.35 
(0.72)
 1.64 
(0.90)
 4.39 
CDBCX  0.26  0.00 (0.32) 0.17  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.52  0.28  0.24 (6.34) 0.00 
(0.64)
 1.73 
(0.88)
 4.10 
TWACX  0.09  0.00 (0.88)(0.18) 0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.59  0.14  0.00 (2.09) 0.54 
(0.70)
 1.45 
(1.01)
 3.73 
TWCCX  0.75  0.33  0.28  2.68  0.13 
(0.90)
 2.29 
(0.98)
 6.00 
TWCAX  0.78  0.39  0.36 (122.30) 0.00 
(1.00)
 2.56 
(0.91)
 6.01 
TWCIX  0.78  0.39  0.36 (156.94) 0.00 
(0.98)
 2.56 
(0.91)
 6.01 

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