Capital Growth Correlations

Mutual Funds . USA . 
Fund . Capital Growth Fund
USCGX Fund  USD 13.26  0.05  0.38%   
The current 90-days correlation between Capital Growth and Ab High Income is 0.57 (i.e., Very weak 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

Almost no diversification

The correlation between Capital Growth Fund and DJI is 0.96 (i.e., Almost no 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

  0.98UINQX Usaa Nasdaq 100PairCorr
  0.99SRVEX Victory Diversified StockPairCorr
  0.78SSGSX Victory Sycamore SmallPairCorr
  0.82SBFCX Victory Incore InvestmentPairCorr
  0.89SBFMX Victory PortfoliosPairCorr
  0.93MMECX Victory IntegrityPairCorr
  0.93MMEAX Victory IntegrityPairCorr
  0.84RPPRX Victory Rs PartnersPairCorr
  0.94MMIJX Victory Integrity MidPairCorr
  0.93MMMMX Victory IntegrityPairCorr
  0.91MMMSX Victory IntegrityPairCorr
  0.99MNNAX Victory Munder MultiPairCorr
  0.64RSDYX Victory Incore LowPairCorr
  0.98RSENX Victory Sophus Emerging Potential GrowthPairCorr
  0.89RSEGX Victory Rs SmallPairCorr
  0.89RSDGX Victory Rs SelectPairCorr
  0.88RSFYX Victory Floating RatePairCorr
  0.95RSGGX Victory Rs GlobalPairCorr
  0.95RSGFX Victory Rs SelectPairCorr
  0.98RSGRX Victory Rs GrowthPairCorr
  0.86RSFCX Victory Floating RatePairCorr
  0.81RSFMX Victory Floating RatePairCorr
  0.87RSFLX Victory Floating RatePairCorr
  0.98RSIFX Victory Rs SciencePairCorr
  0.79RSINX Victory Rs InvestorsPairCorr
  0.97RSIGX Victory Rs InternationalPairCorr
  0.79RSIYX Victory Rs InvestorsPairCorr
  0.95RSMOX Victory Rs MidPairCorr
  0.75RSPFX Victory Rs PartnersPairCorr
  0.95RSNRX Victory Global NaturalPairCorr
  0.96RSNYX Victory Global NaturalPairCorr
  0.84RSPMX Victory Rs PartnersPairCorr
  0.84RSPYX Victory Rs PartnersPairCorr

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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