Growth Portfolio Correlations

Mutual Funds . USA . 
Fund . Growth Portfolio Class
MSEGX Fund  USD 61.04  0.42  0.69%   
The current 90-days correlation between Growth Portfolio Class and Mid Cap Growth is 0.93 (i.e., Almost no diversification). The correlation of Growth Portfolio 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 Portfolio Correlation With Market

Very weak diversification

The correlation between Growth Portfolio Class and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Portfolio Class and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Growth Portfolio Class. 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 price.

Moving together with Growth Mutual Fund

  0.96TEMUX Emerging Markets EquityPairCorr
  0.82DINDX Global Fixed IncomePairCorr
  0.79DINCX Global Fixed IncomePairCorr
  0.83DINAX Global Fixed IncomePairCorr
  0.64MLMAX Global E PortfolioPairCorr
  0.64MLMCX Global E PortfolioPairCorr
  0.61MLNSX Global Centrated PorPairCorr
  0.81MLMIX Global E PortfolioPairCorr
  0.62MLMSX Global E PortfolioPairCorr
  0.61MLNCX Global Centrated PorPairCorr
  0.62MLNAX Global Centrated PorPairCorr
  0.97MMKBX Emerging Markets PorPairCorr
  0.63MPAIX Advantage Portfolio ClassPairCorr
  0.62MPBAX Global StrategistPairCorr
  0.99MPEGX Mid Cap GrowthPairCorr
  0.96MRHYX Msift High YieldPairCorr
  0.63MADSX Msif Advantage PortPairCorr
  0.99MACGX Mid Cap GrowthPairCorr
  0.64MSBWX Morgan Stanley InstiPairCorr

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 Portfolio 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 Portfolio'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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