World Growth Correlations

Mutual Funds . USA . 
Fund . World Growth Fund
USAWX Fund  USD 32.15  0.06  0.19%   
The correlation of World 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.

World Growth Correlation With Market

Good diversification

The correlation between World Growth Fund and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World 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 World 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 housing.

Moving together with World Mutual Fund

  0.89SBFMX Victory PortfoliosPairCorr
  0.97MMECX Victory IntegrityPairCorr
  0.97MMEAX Victory IntegrityPairCorr
  0.94RPPRX Victory Rs PartnersPairCorr
  0.98MMIJX Victory Integrity MidPairCorr
  0.97MMMMX Victory IntegrityPairCorr
  0.99RSEGX Victory Rs SmallPairCorr
  0.99RSDGX Victory Rs SelectPairCorr
  1.0RSGGX Victory Rs GlobalPairCorr
  1.0RSGRX Victory Rs GrowthPairCorr
  0.91RSFCX Victory Floating RatePairCorr
  0.92RSFLX Victory Floating RatePairCorr
  0.99RSIFX Victory Rs SciencePairCorr
  0.95RSINX Victory Rs InvestorsPairCorr
  0.96RSIGX Victory Rs InternationalPairCorr
  0.95RSIYX Victory Rs InvestorsPairCorr
  0.99RSMOX Victory Rs MidPairCorr
  0.94RSPFX Victory Rs PartnersPairCorr
  0.69RSNYX Victory Global NaturalPairCorr
  0.7RSPMX Victory Rs Partners Potential GrowthPairCorr
  0.94RSPYX Victory Rs Partners Potential GrowthPairCorr
  0.99RSSYX Victory Rs SelectPairCorr
  0.62RSVAX Victory Rs ValuePairCorr
  0.99RSYEX Victory Rs SmallPairCorr
  0.98RSYYX Victory High YieldPairCorr
  0.94VSCVX Victory Integrity SmallPairCorr
  0.94VSVIX Victory Integrity SmallPairCorr
  0.99MAICX Victory TrivalentPairCorr
  0.99VDSCX Victory Diversified StockPairCorr
  0.76REMGX Victory Sophus EmergingPairCorr

Moving against World Mutual Fund

  0.45IPFIX Victory IncorePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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