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.
  
Check out Your Equity Center to better understand how to build diversified portfolios. 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 rate.

Moving together with Growth Mutual Fund

  0.62AMECX Income FundPairCorr
  0.69AMFCX American MutualPairCorr
  0.69AMFFX American MutualPairCorr
  0.66RNCCX American Funds IncomePairCorr
  0.66FPTPX American Funds ConsePairCorr
  0.99RNPHX New PerspectivePairCorr
  0.85RNPGX New PerspectivePairCorr
  0.86AMRMX American MutualPairCorr
  0.86AMRFX American MutualPairCorr
  0.69TEPFX American Funds TaxPairCorr
  0.62RNWGX New World FundPairCorr
  0.99ANCFX American Funds FundaPairCorr
  0.9CENAX American Funds LegePairCorr
  0.85ANWPX New PerspectivePairCorr
  0.7BALFX American BalancedPairCorr
  0.7BALCX American BalancedPairCorr
  0.86CWGIX Capital World GrowthPairCorr
  0.87CWGFX Capital World GrowthPairCorr
  0.86WSHFX Washington MutualPairCorr
  0.66FAETX American Funds 2030PairCorr
  0.86FAFGX American FundsPairCorr
  0.82FAX Aberdeen Asia PacificPairCorr
  0.98CFIHX Capital Income BuilderPairCorr
  0.66FAQTX American Funds 2035PairCorr
  0.86GWPFX American Funds GrowthPairCorr
  0.86GFACX Growth FundPairCorr
  0.66GFAFX Growth FundPairCorr
  0.86GFFFX Growth FundPairCorr
  0.64SCWFX Smallcap WorldPairCorr
  0.87FBAFX American Funds AmericanPairCorr
  0.87FSWFX American Funds SmallcapPairCorr
  0.66CGFEX Growth FundPairCorr
  0.66CGFFX Growth FundPairCorr
  0.66CGFCX Growth FundPairCorr

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.