Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
GFFFX Fund  USD 76.03  0.94  1.25%   
The current 90-days correlation between Growth Fund and Atac Inflation Rotation is 0.23 (i.e., Modest diversification). The correlation of Growth Fund 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.

Growth Fund Correlation With Market

Good diversification

The correlation between Growth Fund Of and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of 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 Growth Fund Of. 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 census.

Moving together with Growth Mutual Fund

  0.74AMECX Income FundPairCorr
  0.71RNEBX New World FundPairCorr
  0.93AMFCX American MutualPairCorr
  0.93AMFFX American MutualPairCorr
  0.83RNCCX American Funds IncomePairCorr
  0.77AMEFX Income FundPairCorr
  0.99RNGGX New Economy FundPairCorr
  0.93RNGFX New Economy FundPairCorr
  0.93RNGHX New Economy FundPairCorr
  0.94RNGBX New Economy FundPairCorr
  0.99RNGAX New Economy FundPairCorr
  0.93RNGEX New Economy FundPairCorr
  0.99RNGCX New Economy FundPairCorr
  0.64TECCX Tax Exempt FundPairCorr
  0.64TEAFX Tax Exempt BondPairCorr
  0.82FPTPX American Funds ConsePairCorr
  0.63TECFX Tax Exempt FundPairCorr
  0.64TEFEX Tax Exempt FundPairCorr
  0.94RNNEX New Economy FundPairCorr
  0.93AMPFX Amcap Fund ClassPairCorr
  0.9RNPBX New PerspectivePairCorr
  0.9RNPAX New PerspectivePairCorr
  0.9RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.9RNPFX New PerspectivePairCorr
  0.9RNPEX New PerspectivePairCorr
  0.89AMRMX American MutualPairCorr
  0.89AMRFX American MutualPairCorr
  0.7RNWFX New World FundPairCorr
  0.71RNWEX New World FundPairCorr
  0.7RNWHX New World FundPairCorr
  0.7RNWGX New World FundPairCorr
  0.72RNWBX New World FundPairCorr
  0.72RNWAX New World FundPairCorr

Moving against Growth Mutual Fund

  0.75FPPPX American Funds PresePairCorr
  0.67AMUSX Us Government SecuritiesPairCorr
  0.71ANBAX American Funds StrategicPairCorr
  0.66ANBEX American Funds StrategicPairCorr
  0.66ANBCX American Funds StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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