Growth Strategy Correlations

Mutual Funds . USA . 
Fund . Growth Strategy Fund
RALCX Fund  USD 12.26  0.05  0.41%   
The current 90-days correlation between Growth Strategy and Aqr Small Cap is -0.13 (i.e., Good diversification). The correlation of Growth Strategy 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 Strategy Correlation With Market

Very poor diversification

The correlation between Growth Strategy Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Strategy Fund 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 Growth Strategy Fund. 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 main economic indicators.

Moving together with Growth Mutual Fund

  0.97RNTTX International DevelopedPairCorr
  0.75RREAX Global Real EstatePairCorr
  0.75RRESX Global Real EstatePairCorr
  0.87RRSRX Global Real EstatePairCorr
  1.0RALAX Growth StrategyPairCorr
  1.0RALSX Growth StrategyPairCorr
  1.0RALRX Growth StrategyPairCorr
  1.0RALVX Growth StrategyPairCorr
  0.66RSBRX Strategic BondPairCorr
  0.68RSCRX Us Small CapPairCorr
  0.73RSECX Us Strategic EquityPairCorr
  0.73RSEAX Us Strategic EquityPairCorr
  0.73RSESX Us Strategic EquityPairCorr
  0.8RSDTX Short Duration BondPairCorr
  0.69RAZAX Multi Asset GrowthPairCorr
  0.85RAZCX Multi Asset GrowthPairCorr
  0.7RSQAX Us E EquityPairCorr
  0.88RBCUX Tax Exempt BondPairCorr
  0.69RBLCX Balanced StrategyPairCorr
  0.68RBLAX Balanced StrategyPairCorr
  1.0RBLSX Balanced StrategyPairCorr
  1.0RBLVX Balanced StrategyPairCorr
  0.69RBLRX Balanced StrategyPairCorr
  0.72RTDAX Multifactor EquityPairCorr
  0.73RTDCX Multifactor EquityPairCorr
  0.72RTDYX Select EquityPairCorr
  1.0RTDSX Select EquityPairCorr
  0.72RTDRX Select EquityPairCorr
  1.0RTDTX Select EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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