Growth Income Correlations

Mutual Funds . USA . 
Fund . Growth Income Fund
UIGIX Fund  USD 26.63  0.25  0.95%   
The current 90-days correlation between Growth Income and Angel Oak Multi Strategy is 0.02 (i.e., Significant diversification). The correlation of Growth Income 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 Income Correlation With Market

Very good diversification

The correlation between Growth Income Fund and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Income 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 Growth Income 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 gross domestic product.

Moving together with Growth Mutual Fund

  0.86UICGX Capital GrowthPairCorr
  0.95UIEMX Emerging MarketsPairCorr
  0.96UIHIX High Income FundPairCorr
  0.78UIGSX Government SecuritiesPairCorr
  0.8UIGRX Growth Fund GrowthPairCorr
  0.9UIINX Income Fund IncomePairCorr
  0.96UIISX Income StockPairCorr
  0.86UIITX Intermediate Term BondPairCorr
  0.8UIPMX Precious Metals AndPairCorr
  0.74UISBX Short Term BondPairCorr
  0.89UISCX Small Cap StockPairCorr
  0.95UIVAX Value Fund ValuePairCorr
  0.99UIWGX World GrowthPairCorr
  0.89URIFX Income Fund IncomePairCorr
  0.87URGSX Government SecuritiesPairCorr
  0.96URHIX High Income FundPairCorr
  0.8URNQX Nasdaq 100 IndexPairCorr
  0.87URSBX Short Term BondPairCorr
  0.87URUSX Ultra Short TermPairCorr
  0.88USPRX Sp 500 IndexPairCorr
  0.99UTMAX Target Managed AllocationPairCorr
  0.88UUSIX Ultra Short TermPairCorr
  0.99UGOFX Global Managed VolatilityPairCorr
  0.96UIAGX Aggressive GrowthPairCorr
  0.86VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.86VTSMX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.86VSMPX Vanguard Total StockPairCorr
  0.86VSTSX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.86VFFSX Vanguard 500 IndexPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.88VIIIX Vanguard InstitutionalPairCorr
  0.78GPBFX Gmo E PlusPairCorr
  0.78GPMFX Guidepath Managed FuturesPairCorr
  0.79PQTAX Pimco Trends ManagedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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