Capital Growth Correlations

Mutual Funds . USA . 
Fund . Capital Growth Fund
UICGX Fund  USD 13.93  0.06  0.43%   
The current 90-days correlation between Capital Growth and Transamerica Asset Allocation is -0.1 (i.e., Good diversification). The correlation of Capital 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.

Capital Growth Correlation With Market

Good diversification

The correlation between Capital Growth Fund and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital 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 Capital 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 price.

Moving together with Capital Mutual Fund

  0.97UIEMX Emerging MarketsPairCorr
  0.98UIHIX High Income FundPairCorr
  0.97UIIFX International FundPairCorr
  0.99UIGIX Growth IncomePairCorr
  0.62UIGSX Government SecuritiesPairCorr
  0.98UIGRX Growth Fund GrowthPairCorr
  0.73UIINX Income Fund IncomePairCorr
  0.96UIISX Income StockPairCorr
  0.75UIITX Intermediate Term BondPairCorr
  0.92UISBX Short Term BondPairCorr
  0.96UISCX Small Cap StockPairCorr
  0.98UIVAX Value Fund ValuePairCorr
  1.0UIWGX World GrowthPairCorr
  0.75URIBX Intermediate Term BondPairCorr
  0.74URIFX Income Fund IncomePairCorr
  0.98URHIX High Income FundPairCorr
  0.99URNQX Nasdaq 100 IndexPairCorr
  0.92URSBX Short Term BondPairCorr
  0.94URUSX Ultra Short TermPairCorr
  0.98USPRX Sp 500 IndexPairCorr
  0.98UTMAX Target Managed AllocationPairCorr
  0.95UUSIX Ultra Short TermPairCorr
  1.0UGOFX Global Managed VolatilityPairCorr
  0.98UIAGX Aggressive GrowthPairCorr
  0.99FCWGX American Funds CapitalPairCorr
  0.99FWCGX American Funds CapitalPairCorr
  1.0CWGIX Capital World GrowthPairCorr
  0.99CWGFX Capital World GrowthPairCorr
  0.99CWGCX Capital World GrowthPairCorr
  0.99RWIFX Capital World GrowthPairCorr
  0.99CWICX Capital World GrowthPairCorr
  0.99RWIAX Capital World GrowthPairCorr
  1.0CWIAX Capital World GrowthPairCorr
  0.99WGIFX Capital World GrowthPairCorr
  0.93CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital 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 Capital 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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