Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Fund
UIAGX Fund  USD 81.83  0.73  0.90%   
The current 90-days correlation between Aggressive Growth and Western Asset Short is 0.05 (i.e., Significant diversification). 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 Fund and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Aggressive Growth 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 rate.

Moving together with Aggressive Mutual Fund

  0.94UICGX Capital GrowthPairCorr
  0.96UIEMX Emerging MarketsPairCorr
  0.91UIHIX High Income FundPairCorr
  0.86UIIFX International FundPairCorr
  0.96UIGIX Growth IncomePairCorr
  0.88UIGSX Government SecuritiesPairCorr
  0.99UIGRX Growth Fund GrowthPairCorr
  0.88UIINX Income Fund IncomePairCorr
  0.84UIISX Income StockPairCorr
  0.87UIITX Intermediate Term BondPairCorr
  0.91UIPMX Precious Metals AndPairCorr
  0.83UISBX Short Term BondPairCorr
  0.78UISCX Small Cap StockPairCorr
  0.85UIVAX Value Fund ValuePairCorr
  0.89URIBX Intermediate Term BondPairCorr
  0.88URIFX Income Fund IncomePairCorr
  0.98URNQX Nasdaq 100 IndexPairCorr
  0.98USPRX Sp 500 IndexPairCorr
  0.97UTMAX Target Managed AllocationPairCorr
  0.87UUSIX Ultra Short TermPairCorr
  0.9UGOFX Global Managed VolatilityPairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.91GFAFX Growth FundPairCorr
  0.91AGTHX Growth FundPairCorr
  0.98CGFFX Growth FundPairCorr
  0.91CGFCX Growth FundPairCorr
  0.91CGFAX Growth FundPairCorr
  0.91CGFEX Growth FundPairCorr
  0.98RGAEX Growth FundPairCorr
  0.89GPBFX Gmo E PlusPairCorr
  0.91GPMFX Guidepath Managed FuturesPairCorr
  0.91PQTAX Pimco Trends ManagedPairCorr
  0.93PQTNX Pimco Trends ManagedPairCorr
  0.91PQTIX Aa Pimco TrPairCorr
  0.91WARCX Wells Fargo AdvantagePairCorr
  0.76AAGPX American Beacon LargePairCorr

Related Correlations Analysis


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.

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