Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Fund
AEYCX Fund  USD 33.96  0.19  0.56%   
The current 90-days correlation between Equity Growth and Mid Cap Value is 0.8 (i.e., Very poor diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Good diversification

The correlation between Equity Growth Fund and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity 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 Equity 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 Equity Mutual Fund

  0.97AMDVX Mid Cap ValuePairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.99AMGIX Income GrowthPairCorr
  0.64CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.61TWACX Short Term GovernmentPairCorr
  0.98TWADX Value Fund APairCorr
  0.98TWCCX Ultra Fund CPairCorr
  1.0TWCAX Select Fund APairCorr
  1.0TWCIX Select Fund InvestorPairCorr
  0.98TWCGX Growth Fund InvestorPairCorr
  0.66TWARX Short Term GovernmentPairCorr
  0.72TWAVX Short Term GovernmentPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.93AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.94AMVGX Mid Cap ValuePairCorr
  0.96TWEAX Equity IncomePairCorr
  0.97TWEIX Equity IncomePairCorr
  0.98TWCUX Ultra Fund InvestorPairCorr
  0.92TWGAX International GrowthPairCorr
  0.98TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.91TWIEX International GrowthPairCorr
  0.97TWHIX Heritage Fund InvestorPairCorr
  0.97TWMIX Emerging MarketsPairCorr
  0.98TWRCX Growth Fund CPairCorr
  0.86TWTCX Intermediate Term TaxPairCorr
  0.88TWTIX Intermediate Term TaxPairCorr
  0.98TWSCX Strategic Allocation:PairCorr
  0.98TWSAX Strategic Allocation:PairCorr
  0.98TWSMX Strategic Allocation:PairCorr
  1.0TWSIX Select Fund IPairCorr
  0.74TWUSX Short Term GovernmentPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  1.0TWUAX Ultra Fund APairCorr
  0.98TWUIX Ultra Fund IPairCorr
  0.73TWUOX Short Term GovernmentPairCorr
  0.88TWWOX Intermediate Term TaxPairCorr
  0.96NPHIX High Income FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity 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 Equity 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  0.70  0.13 (0.03)(1.02) 0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.66  0.12  0.12  0.26  0.56 
(0.73)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.16  0.01 (1.14) 0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.26  0.01 (0.34) 3.69  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.26  0.19  37.62  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.91) 0.15  0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.14 (0.02)(0.98) 0.64 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.13  0.13  0.27  0.75 
(0.93)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.29  0.13 (3.45) 0.73 
(1.00)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.29  0.13 (3.44) 0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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