Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
RGAEX Fund  USD 77.17  0.28  0.36%   
The current 90-days correlation between Growth Fund and Angel Oak Multi Strategy is -0.08 (i.e., Good diversification). The correlation of Growth Fund 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 Fund Correlation With Market

Good diversification

The correlation between Growth Fund Of and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of 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 Fund Of. 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 income.

Moving together with Growth Mutual Fund

  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  0.67LIIAX Columbia Porate IncomePairCorr
  0.92WRHIX Ivy High IncomePairCorr
  0.92WHIAX Ivy High IncomePairCorr
  0.93IHIFX Ivy High IncomePairCorr
  0.93IVHIX Ivy High IncomePairCorr
  0.88BA BoeingPairCorr
  0.83IBM International BusinessPairCorr
  0.89DIS Walt DisneyPairCorr
  0.86JPM JPMorgan ChasePairCorr
  0.86CSCO Cisco SystemsPairCorr
  0.85MSFT MicrosoftPairCorr
  0.9GE GE AerospacePairCorr
  0.72MMM 3M CompanyPairCorr
  0.89CAT CaterpillarPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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