Dynamic Growth Correlations

Mutual Funds . USA . 
Fund . Dynamic Growth Fund
DYGAX Fund  USD 14.63  0.08  0.55%   
The current 90-days correlation between Dynamic Growth and Muirfield Fund Retail is -0.08 (i.e., Good diversification). The correlation of Dynamic 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.

Dynamic Growth Correlation With Market

Good diversification

The correlation between Dynamic Growth Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynamic 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 nation.

Moving together with Dynamic Mutual Fund

  0.98SRUAX Spectrum Fund AdviserPairCorr
  0.98SRUIX Spectrum Fund InstitPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.98IFAAX Infrastructure FundPairCorr
  0.96IFAIX Infrastructure FundPairCorr
  0.98BLNIX Balanced Fund InstitPairCorr
  1.0BLNAX Balanced Fund AdviserPairCorr
  0.88FLBDX Total Return BondPairCorr
  1.0FLCGX Quantex Fund RetailPairCorr
  0.99FLDOX Dividend OpportunitiesPairCorr
  1.0FLDGX Dynamic GrowthPairCorr
  1.0FLDFX Balanced Fund RetailPairCorr
  1.0FLFGX Global OpportunitiesPairCorr
  1.0FLMIX Muirfield Fund InstiPairCorr
  0.98FLMFX Muirfield Fund RetailPairCorr
  1.0FLMAX Muirfield Fund AdviserPairCorr
  0.96FLRUX Infrastructure FundPairCorr
  0.98FLSPX Spectrum Fund RetailPairCorr
  0.99DVOIX Dividend OpportunitiesPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.9BNDAX Total Return BondPairCorr
  0.88BNDIX Total Return BondPairCorr
  0.98GBPAX Global OpportunitiesPairCorr
  1.0GBPIX Global OpportunitiesPairCorr
  0.98DYGIX Dynamic GrowthPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.97MUTHX Franklin Mutual SharesPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.97FMSHX Franklin Mutual SharesPairCorr
  0.99GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  1.0GWPAX American Funds GrowthPairCorr
  1.0CGQGX American Funds GrowthPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.97SWCGX Schwab MarkettrackPairCorr
  0.98FMSDX Fidelity Advisor MultiPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic 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 Dynamic 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.

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