Blue Chip Correlations

Mutual Funds . USA . 
Fund . Blue Chip Growth
VCBCX Fund  USD 19.24  0.14  0.72%   
The current 90-days correlation between Blue Chip Growth and 1919 Financial Services is 0.72 (i.e., Poor diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Very poor diversification

The correlation between Blue Chip 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 Blue Chip 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 Blue Chip 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 main economic indicators.

Moving together with Blue Mutual Fund

  0.85VMIDX Mid Cap IndexPairCorr
  1.0VMSGX Mid Cap StrategicPairCorr
  1.0VAPPX Valic Company IPairCorr
  0.75VSRDX Valic Company IPairCorr
  1.0VSTIX Stock Index FundPairCorr
  0.89VSSVX Small Cap SpecialPairCorr
  0.99VBCVX Broad Cap ValuePairCorr
  0.99VCAAX Asset AllocationPairCorr
  0.64VCBDX Valic Company IPairCorr
  1.0VCGAX Growth IncomePairCorr
  0.97VCGEX Emerging EconomiesPairCorr
  0.75VCFVX Foreign ValuePairCorr
  0.76VCIEX International EquitiesPairCorr
  0.98VCIGX Valic Company IPairCorr
  0.78VCINX International GrowthPairCorr
  1.0VCNIX Nasdaq 100 IndexPairCorr
  1.0VCSTX Science TechnologyPairCorr
  0.67VCTPX Inflation ProtectedPairCorr
  0.67VCSOX Global Social AwarenessPairCorr
  0.98VCSLX Small Cap IndexPairCorr
  0.73VCULX Growth Fund GrowthPairCorr
  0.99VDAFX Dynamic AllocationPairCorr
  0.98VVMCX Valic Company IPairCorr
  0.99VVSGX Valic Company IPairCorr
  0.81VVSCX Valic Company IPairCorr
  0.83VGCLX Valic Company IPairCorr
  0.85VGLSX Global StrategyPairCorr
  0.68VGREX Global Real EstatePairCorr
  0.77VHYLX Valic Company IPairCorr
  0.99VLAGX Valic Company IPairCorr
  0.83VLCGX Large Capital GrowthPairCorr
  0.78VLSMX Valic Company IPairCorr
  0.85FAFGX American FundsPairCorr
  0.85FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr

Moving against Blue Mutual Fund

  0.99USPIX Profunds UltrashortPairCorr
  0.77USPSX Profunds UltrashortPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
BTO
+ 0.97
SBFAX
RMBLX
+ 0.94
BTO
BTO
+ 0.92
GCFSX
GCFSX
+ 0.9
SBFAX
RMBLX
+ 0.89
GCFSX
RMBLX
+ 0.87
SBFAX
  
High negative correlations   
XFINX
- 0.33
GCFSX
XFINX
- 0.22
SBFAX
BTO
- 0.13
XFINX
FTIXX
- 0.12
XFINX

Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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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