Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Portfolio
PAGRX Fund  USD 124.96  1.35  1.09%   
The current 90-days correlation between Aggressive Growth and Vanguard Total Stock is 0.11 (i.e., Average diversification). The correlation of Aggressive 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.

Aggressive Growth Correlation With Market

Poor diversification

The correlation between Aggressive Growth Portfolio and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aggressive Growth Portfolio. 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 metropolitan statistical area.

Moving together with Aggressive Mutual Fund

  0.97PRPFX Permanent Portfolio ClassPairCorr
  0.78PRTBX Short Term TreasuryPairCorr
  0.77PRVBX Versatile Bond PortfolioPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.96ERH Allspring Utilities AndPairCorr
  0.95WHIYX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.95IHIFX Ivy High IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
  0.96WHIAX Ivy High IncomePairCorr
  0.83CSJZX Cohen Steers RealtyPairCorr
  0.83CSRSX Cohen Steers RealtyPairCorr
  0.98JDCAX Janus Forty FundPairCorr
  0.74AVIGX American Century EtfPairCorr
  0.88PBXIX Rationalpier 88 ConvPairCorr
  0.99ICEQX Ivy E EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Aggressive Mutual Fund performing well and Aggressive 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 Aggressive 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.63  0.31  0.08 (1.71) 0.33 
(0.73)
 2.07 
(0.83)
 5.05 
VFIAX  0.62  0.09  0.09  0.31  0.33 
(0.73)
 2.02 
(0.83)
 4.88 
VTSMX  0.63  0.31  0.08 (1.52) 0.35 
(0.72)
 2.08 
(0.83)
 5.04 
VITSX  0.63  0.09  0.09  0.30  0.36 
(0.73)
 2.07 
(0.84)
 5.05 
VSMPX  0.63  0.31  0.08 (1.52) 0.35 
(0.72)
 2.08 
(0.83)
 5.04 
VSTSX  0.63  0.31  0.08 (1.53) 0.35 
(0.70)
 2.08 
(0.83)
 5.04 
VFINX  0.63  0.10  0.09  0.32  0.31 
(0.75)
 2.02 
(0.83)
 4.88 
VFFSX  0.61  0.31  0.08 (1.60) 0.34 
(0.69)
 2.02 
(0.83)
 4.88 
VINIX  0.62  0.09  0.09  0.31  0.33 
(0.74)
 2.03 
(0.83)
 4.88 
VIIIX  0.62  0.09  0.09  0.31  0.33 
(0.72)
 2.03 
(0.83)
 4.88 

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