Growth Portfolio Correlations

Mutual Funds . USA . 
Fund . Growth Portfolio Class
MSEQX Fund  USD 67.87  0.72  1.07%   
The current 90-days correlation between Growth Portfolio Class and Mid Cap Growth is 0.92 (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 0.55 (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 producer price index.

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
  0.65MLMAX Global E PortfolioPairCorr
  0.65MLMCX Global E PortfolioPairCorr
  0.64MLNSX Global Centrated PorPairCorr
  0.98MLMIX Global E PortfolioPairCorr
  0.65MLMSX Global E PortfolioPairCorr
  0.64MLNCX Global Centrated PorPairCorr
  0.64MLNAX Global Centrated PorPairCorr
  0.98MLNIX Global Centrated PorPairCorr
  0.99MMCGX Mid Cap GrowthPairCorr
  0.97MMKBX Emerging Markets PorPairCorr
  0.97MMMPX Msif Emerging MarketsPairCorr
  0.96MNOPX International OpportunityPairCorr
  0.85MPAIX Advantage Portfolio ClassPairCorr
  0.63MPBAX Global StrategistPairCorr
  0.82MPEGX Mid Cap GrowthPairCorr
  0.81MRHYX Msift High YieldPairCorr
  0.65MADSX Msif Advantage PortPairCorr
  0.99MACGX Mid Cap GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
MGEMX
+ 0.97
CPODX
MGEMX
+ 0.84
MPEGX
CPODX
+ 0.82
MPEGX
CPODX
+ 0.58
MSSGX
MGEMX
+ 0.56
MSSGX
MSSGX
+ 0.41
MPEGX
  
High negative correlations   
MGEMX
- 0.0
MSUSX
MSUSX
- 0.0
CPODX
MSUSX
- 0.0
MSSGX
MSUSX
- 0.0
MPEGX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY