Growth Fund Correlations
RGAHX Fund | USD 82.47 0.13 0.16% |
The current 90-days correlation between Growth Fund and Tiaa Cref Lifestyle Servative is 0.15 (i.e., Average 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
Average diversification
The correlation between Growth Fund Of and DJI is 0.13 (i.e., Average 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.
Growth |
Moving together with Growth Mutual Fund
0.62 | AMECX | Income Fund | PairCorr |
0.69 | AMFCX | American Mutual | PairCorr |
0.69 | AMFFX | American Mutual | PairCorr |
0.66 | RNCCX | American Funds Income | PairCorr |
0.66 | FPTPX | American Funds Conse | PairCorr |
0.99 | RNPHX | New Perspective | PairCorr |
0.85 | RNPGX | New Perspective | PairCorr |
0.86 | AMRMX | American Mutual | PairCorr |
0.86 | AMRFX | American Mutual | PairCorr |
0.69 | TEPFX | American Funds Tax | PairCorr |
0.62 | RNWGX | New World Fund | PairCorr |
0.99 | ANCFX | American Funds Funda | PairCorr |
0.9 | CENAX | American Funds Lege | PairCorr |
0.85 | ANWPX | New Perspective | PairCorr |
0.7 | BALFX | American Balanced | PairCorr |
0.7 | BALCX | American Balanced | PairCorr |
0.86 | CWGIX | Capital World Growth | PairCorr |
0.87 | CWGFX | Capital World Growth | PairCorr |
0.86 | WSHFX | Washington Mutual | PairCorr |
0.66 | FAETX | American Funds 2030 | PairCorr |
0.86 | FAFGX | American Funds | PairCorr |
0.82 | FAX | Aberdeen Asia Pacific | PairCorr |
0.98 | CFIHX | Capital Income Builder | PairCorr |
0.66 | FAQTX | American Funds 2035 | PairCorr |
0.86 | GWPFX | American Funds Growth | PairCorr |
0.86 | GFACX | Growth Fund | PairCorr |
0.66 | GFAFX | Growth Fund | PairCorr |
0.86 | GFFFX | Growth Fund | PairCorr |
0.64 | SCWFX | Smallcap World | PairCorr |
0.87 | FBAFX | American Funds American | PairCorr |
0.87 | FSWFX | American Funds Smallcap | PairCorr |
0.66 | CGFEX | Growth Fund | PairCorr |
0.66 | CGFFX | Growth Fund | PairCorr |
0.66 | CGFCX | Growth Fund | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
TSCTX | 0.26 | 0.06 | (0.08) | 0.30 | 0.00 | 0.86 | 1.75 | |||
BOMCX | 0.39 | 0.07 | 0.02 | 0.27 | 0.18 | 1.36 | 2.81 | |||
SAWMX | 0.33 | 0.09 | 0.02 | 0.34 | 0.00 | 0.95 | 2.13 | |||
VRRJX | 0.41 | 0.09 | 0.04 | 0.29 | 0.14 | 1.46 | 3.01 | |||
TBLGX | 0.36 | 0.07 | 0.01 | 0.28 | 0.18 | 1.14 | 2.48 | |||
RRPPX | 0.28 | 0.07 | (0.04) | 0.33 | 0.00 | 0.79 | 1.83 | |||
WGBIX | 0.29 | 0.07 | (0.03) | 0.36 | 0.00 | 0.74 | 1.88 | |||
SSAKX | 0.43 | 0.10 | 0.07 | 0.31 | 0.22 | 1.42 | 2.82 |