Dynamic Growth Correlations

FLDGX Fund

USD 15.27 0.17 1.13%

The current 90-days correlation between Dynamic Growth and Ab Global Bond is 0.15 (i.e., Average 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

Poor diversification

The correlation between Dynamic Growth Fund and DJI is 0.78 (i.e., Poor 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 various price indices.

Moving together with Dynamic Mutual Fund

0.96	CGRGX	American Funds Growth	Pair Corr
0.95	FPGGX	American Funds Growth	Pair Corr
0.95	FGPGX	American Funds Growth	Pair Corr
0.94	GWPCX	American Funds Growth	Pair Corr
0.96	GWPFX	American Funds Growth	Pair Corr
0.95	GWPAX	American Funds Growth	Pair Corr
0.95	CGQGX	American Funds Growth	Pair Corr
0.61	FGPMX	Franklin Gold And	Pair Corr
0.61	FRGOX	Franklin Gold Precious	Pair Corr
0.8	GPICX	Guidepath Conservative	Pair Corr
0.9	FPXIX	Fidelity Advisor 529	Pair Corr
0.91	GE	GE Aerospace	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.84	IBM	International Business	Pair Corr
0.69	AXP	American Express	Pair Corr
0.82	INTC	Intel Aggressive Push	Pair Corr
0.64	BAC	Bank of America	Pair Corr

Moving against Dynamic Mutual Fund

0.68	T	ATT Inc	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.34	HD	Home Depot	Pair Corr
0.34	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	ANAZX	HRLAX	BXFIX	TINCX	MFIRX	CBSYX
ANAZX		0.56	0.39	0.68	0.77	0.83	ANAZX
HRLAX	0.56		0.7	0.86	0.78	0.82	HRLAX
BXFIX	0.39	0.7		0.73	0.73	0.69	BXFIX
TINCX	0.68	0.86	0.73		0.85	0.93	TINCX
MFIRX	0.77	0.78	0.73	0.85		0.89	MFIRX
CBSYX	0.83	0.82	0.69	0.93	0.89		CBSYX
	ANAZX	HRLAX	BXFIX	TINCX	MFIRX	CBSYX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ANAZX	0.11	0.00	(0.09)	0.13	0.00	(0.18)	0.29	(0.14)	0.58
HRLAX	0.28	0.03	0.03	0.12	0.30	(0.31)	0.62	(0.61)	1.55
BXFIX	0.07	0.01	(0.07)	0.18	0.00	(0.28)	0.12	(0.12)	1.07
TINCX	0.37	0.02	0.01	0.05	0.43	(0.50)	0.72	(0.73)	2.16
MFIRX	0.10	0.02	0.02	0.46	0.00	(0.22)	0.19	(0.19)	0.56
CBSYX	0.35	0.03	0.05	0.09	0.41	(0.36)	0.71	(0.71)	2.04

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