My529 Growth Correlations

UTVGX Fund

USD 15.56 0.02 0.13%

The current 90-days correlation between My529 Growth Index and Jpmorgan High Yield is 0.23 (i.e., Modest diversification). The correlation of My529 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.

My529 Growth Correlation With Market

Modest diversification

The correlation between My529 Growth Index and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding My529 Growth Index 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 My529 Growth Index. 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 My529 Mutual Fund

0.75	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.75	VTSMX	Vanguard Total Stock	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr
0.75	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.76	VFFSX	Vanguard 500 Index	Pair Corr
0.67	VGTSX	Vanguard Total Inter	Pair Corr
0.67	VTIAX	Vanguard Total Inter	Pair Corr
0.63	PFE	Pfizer Inc	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.74	IBM	International Business Earnings Call This Week	Pair Corr
0.7	DIS	Walt Disney	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.64	BA	Boeing	Pair Corr
0.75	MSFT	Microsoft	Pair Corr

Moving against My529 Mutual Fund

0.52

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Pair Corr

Related Correlations Analysis

	JYHRX	BHYRX	SEIYX	PAXHX	TAHFX	LSYFX
JYHRX		0.99	0.98	0.99	0.99	0.98	JYHRX
BHYRX	0.99		1.0	1.0	1.0	0.99	BHYRX
SEIYX	0.98	1.0		1.0	0.99	0.99	SEIYX
PAXHX	0.99	1.0	1.0		1.0	0.99	PAXHX
TAHFX	0.99	1.0	0.99	1.0		0.99	TAHFX
LSYFX	0.98	0.99	0.99	0.99	0.99		LSYFX
	JYHRX	BHYRX	SEIYX	PAXHX	TAHFX	LSYFX

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Risk-Adjusted Indicators

There is a big difference between My529 Mutual Fund performing well and My529 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 My529 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JYHRX	0.15	0.05	(0.25)	0.52	(0.25)	0.48	(0.16)	0.95
BHYRX	0.16	0.06	(0.27)	0.50	(0.26)	0.57	(0.14)	1.02
SEIYX	0.17	0.05	(0.24)	0.54	(0.34)	0.60	(0.20)	0.98
PAXHX	0.15	0.05	(0.29)	0.50	(0.27)	0.50	(0.17)	0.84
TAHFX	0.16	0.06	(0.23)	0.60	(0.25)	0.50	(0.13)	1.02
LSYFX	0.16	0.06	(0.26)	0.54	(0.24)	0.73	(0.20)	1.27

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