Green Century Correlations

Mutual Funds . USA . 
Fund . Green Century Msci
GCINX Fund  USD 15.31  0.03  0.20%   
The current 90-days correlation between Green Century Msci and Green Century Equity is -0.05 (i.e., Good diversification). The correlation of Green Century 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.

Green Century Correlation With Market

Good diversification

The correlation between Green Century Msci and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Century Msci and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Century Msci. 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 board of governors.

Moving together with Green Mutual Fund

  0.91GCEUX Green Century EquityPairCorr
  1.0GCIFX Green Century MsciPairCorr
  0.94GCBUX Green Century BalancedPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.64FSPSX Fidelity InternationalPairCorr
  0.85SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.85SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.64MLPNX Oppenheimer Steelpath MlpPairCorr
  0.9VFINX Vanguard 500 IndexPairCorr
  0.9VFIAX Vanguard 500 IndexPairCorr
  0.89ROGSX Red Oak TechnologyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Green Mutual Fund performing well and Green Century 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 Green Century'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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