Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Growth
UIGRX Fund  USD 41.84  0.05  0.12%   
The current 90-days correlation between Growth Fund Growth and Fa 529 Aggressive is 0.91 (i.e., Almost no 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

Very poor diversification

The correlation between Growth Fund Growth and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Growth 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 Fund Growth. 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 metropolitan statistical area.

Moving together with Growth Mutual Fund

  0.99UICGX Capital GrowthPairCorr
  0.99UIEMX Emerging MarketsPairCorr
  0.98UIHIX High Income FundPairCorr
  0.97UIIFX International FundPairCorr
  1.0UIGIX Growth IncomePairCorr
  0.73UIINX Income Fund IncomePairCorr
  0.98UIISX Income StockPairCorr
  0.71UIITX Intermediate Term BondPairCorr
  0.9UISBX Short Term BondPairCorr
  0.98UISCX Small Cap StockPairCorr
  1.0UIWGX World GrowthPairCorr
  0.72URIBX Intermediate Term BondPairCorr
  0.74URIFX Income Fund IncomePairCorr
  0.98URHIX High Income FundPairCorr
  1.0URNQX Nasdaq 100 IndexPairCorr
  0.91URSBX Short Term BondPairCorr
  0.94URUSX Ultra Short TermPairCorr
  1.0USPRX Sp 500 IndexPairCorr
  0.98UTMAX Target Managed AllocationPairCorr
  0.95UUSIX Ultra Short TermPairCorr
  0.99UGOFX Global Managed VolatilityPairCorr
  1.0UIAGX Aggressive GrowthPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.99ASG Liberty All StarPairCorr
  0.91IIF Morgan Stanley IndiaPairCorr
  0.99CII Blackrock EnhancedPairCorr
  0.8IFN India ClosedPairCorr

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.

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