Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Portfolio
PAGRX Fund  USD 124.09  0.69  0.55%   
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 0.77 (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

  0.98PRPHX Permanent Portfolio ClassPairCorr
  0.98PRPDX Permanent Portfolio ClassPairCorr
  0.98PRPFX Permanent Portfolio ClassPairCorr
  0.77PRTBX Short Term TreasuryPairCorr
  0.78PRVBX Versatile Bond PortfolioPairCorr
  0.73PRVHX Versatile Bond PortfolioPairCorr
  0.77PRVDX Versatile Bond PortfolioPairCorr
  0.99PAGDX Aggressive GrowthPairCorr
  0.99PAGHX Aggressive GrowthPairCorr
  0.98VTSAX 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
  0.98VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.91FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.68SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.65MLPMX Oppenheimer Steelpath MlpPairCorr
  0.67SPMJX Invesco Steelpath MlpPairCorr
  0.98WCMNX Wcm Small CapPairCorr
  0.9SREZX Prudential Select RealPairCorr
  0.99BZGIX Blackrock CollegeadvantagePairCorr
  0.97VGPMX Vanguard Global CapitalPairCorr
  0.92MWCIX Metropolitan WestPairCorr
  0.98VBIAX Vanguard Balanced IndexPairCorr
  1.0FATTX American Funds 2045PairCorr
  0.97ERH Allspring Utilities AndPairCorr
  0.98FSBHX Fidelity Short DurationPairCorr
  1.0LEEIX Blackrock Lifepath EsgPairCorr
  0.98TEMWX Templeton WorldPairCorr

Related Correlations Analysis

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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
PRPHX  0.31  0.12 (0.04)(6.45) 0.00 
(0.37)
 1.01 
(0.48)
 2.16 
PRPDX  0.31  0.13 (0.03)(5.65) 0.00 
(0.36)
 1.01 
(0.50)
 2.16 
PRPFX  0.32  0.13 (0.03)(5.99) 0.00 
(0.36)
 1.02 
(0.50)
 2.17 
PRTBX  0.05  0.00 (1.90)(0.19) 0.00 
(0.06)
 0.11 
(0.12)
 0.26 
PRVBX  0.09  0.02 (0.75)(3.47) 0.00 
(0.10)
 0.20 
(0.17)
 0.63 
PRVHX  0.09  0.02 (0.77)(2.09) 0.00 
(0.10)
 0.19 
(0.17)
 0.63 
PRVDX  0.09  0.02 (0.73)(2.68) 0.00 
(0.10)
 0.20 
(0.19)
 0.66 
PAGDX  0.97  0.44  0.24 (2.61) 0.68 
(1.14)
 2.72 
(2.08)
 6.19 
PAGHX  0.97  0.44  0.24 (2.57) 0.69 
(1.14)
 2.71 
(2.09)
 6.20 
PAGRX  0.98  0.25  0.23  0.36  0.68 
(1.15)
 2.71 
(2.08)
 6.20 

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