Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
AICRX Fund  USD 37.50  0.01  0.03%   
The current 90-days correlation between Income Growth and Mid Cap Value is 0.95 (i.e., Almost no 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 metropolitan statistical area.

Moving together with Income Mutual Fund

  0.98AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  1.0AMGIX Income GrowthPairCorr
  0.65CDBCX Diversified BondPairCorr
  0.97AMKIX Emerging MarketsPairCorr
  0.61TWACX Short Term GovernmentPairCorr
  0.99TWADX Value Fund APairCorr
  0.98TWCCX Ultra Fund CPairCorr
  0.98TWCAX Select Fund APairCorr
  0.98TWCIX Select Fund InvestorPairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  0.65TWARX Short Term GovernmentPairCorr
  0.98AMVYX Mid Cap ValuePairCorr
  0.98AMVRX Mid Cap ValuePairCorr
  0.99TWBIX Balanced Fund InvestorPairCorr
  0.98AMVGX Mid Cap ValuePairCorr
  0.98TWEAX Equity IncomePairCorr
  0.98TWEIX Equity IncomePairCorr
  0.98TWCUX Ultra Fund InvestorPairCorr
  0.91TWGAX International GrowthPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.91TWIEX International GrowthPairCorr
  0.98TWHIX Heritage Fund InvestorPairCorr
  0.97TWMIX Emerging MarketsPairCorr
  0.66TWRCX Growth Fund CPairCorr
  0.87TWTCX Intermediate Term TaxPairCorr
  0.89TWTIX Intermediate Term TaxPairCorr
  0.99TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  0.99TWSMX Strategic Allocation:PairCorr
  0.98TWSIX Select Fund IPairCorr
  0.99TWVLX Value Fund InvestorPairCorr
  0.98TWUAX Ultra Fund APairCorr
  0.98TWUIX Ultra Fund IPairCorr
  0.73TWUOX Short Term GovernmentPairCorr
  0.75TWWOX Intermediate Term TaxPairCorr
  0.97NPHIX High Income FundPairCorr

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  0.70  0.00 (0.02) 0.13  0.76 
(0.74)
 1.96 
(1.39)
 4.36 
AMEIX  0.67  0.12  0.12  0.25  0.56 
(0.74)
 2.06 
(1.41)
 5.23 
AMGIX  0.62  0.04  0.02  0.17  0.58 
(0.71)
 1.64 
(1.20)
 4.39 
CDBCX  0.26  0.00 (0.32) 0.17  0.26 
(0.30)
 0.45 
(0.44)
 1.23 
AMKIX  0.54  0.21  0.19  0.59  0.00 
(0.65)
 1.73 
(1.07)
 4.10 
TWACX  0.09  0.00 (0.88)(0.18) 0.00 
(0.16)
 0.22 
(0.22)
 0.56 
TWADX  0.65  0.03 (0.01) 0.17  0.64 
(0.74)
 1.63 
(1.08)
 3.73 
TWCCX  0.85  0.14  0.13  0.26  0.77 
(0.95)
 2.46 
(1.34)
 6.00 
TWCAX  0.85  0.14  0.14  0.26  0.73 
(1.00)
 2.56 
(1.36)
 6.01 
TWCIX  0.85  0.14  0.14  0.26  0.73 
(0.98)
 2.56 
(1.36)
 6.01 

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