Zevenbergen Growth Correlations

Mutual Funds . USA . 
Fund . Zevenbergen Growth Fund
ZVNIX Fund  USD 43.39  0.12  0.28%   
The current 90-days correlation between Zevenbergen Growth and Zevenbergen Genea Fund is 0.97 (i.e., Almost no diversification). The correlation of Zevenbergen 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.

Zevenbergen Growth Correlation With Market

Poor diversification

The correlation between Zevenbergen Growth Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevenbergen Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zevenbergen 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 gross domestic product.

Moving together with Zevenbergen Mutual Fund

  0.99ZVGNX Zevenbergen Genea Steady GrowthPairCorr
  0.99ZVGIX Zevenbergen Genea Steady GrowthPairCorr
  1.0ZVNBX Zevenbergen GrowthPairCorr
  0.97FAFGX American FundsPairCorr
  0.97FFAFX American FundsPairCorr
  0.97GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.97CGFFX Growth FundPairCorr
  0.97CGFCX Growth FundPairCorr
  0.97CGFAX Growth FundPairCorr
  0.97CGFEX Growth FundPairCorr
  0.97RGAEX Growth FundPairCorr
  0.64GAAKX Gmo Alternative AlloPairCorr
  0.62GAAGX Gmo Alternative AlloPairCorr
  0.97HNSGX Harbor Small CapPairCorr
  0.89JSISX Jpmorgan UnconstrainedPairCorr
  0.92ICSAX Vy Umbia SmallPairCorr
  0.97FMCSX Fidelity Mid CapPairCorr
  0.68JIVAX Jpmorgan Intrepid ValuePairCorr
  0.94CEVZX Columbia Global EquityPairCorr
  0.94OYCIX Oppenhemier CnsrvtvPairCorr
  0.95GGDPX Goldman Sachs InternPairCorr
  0.97JRSDX Intech Managed VolatilityPairCorr
  0.98MXBOX Great West LifetimePairCorr
  0.97WGAFX Wealthbuilder GrowthPairCorr
  0.96ONGFX Jpmorgan Investor GrowthPairCorr
  0.96JIYBX Jpmorgan Smartretirement*PairCorr
  0.97DLQIX Dreyfus Large CapPairCorr

Moving against Zevenbergen Mutual Fund

  0.59GPMFX Guidepath Managed FuturesPairCorr
  0.39PQTAX Pimco Trends ManagedPairCorr
  0.38PQTNX Pimco Trends ManagedPairCorr
  0.36PQTIX Aa Pimco TrPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Zevenbergen Mutual Fund performing well and Zevenbergen 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 Zevenbergen 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ZVGNX  1.20  0.36  0.29  0.43  0.84 
(1.53)
 3.33 
(1.98)
 8.17 
ZVGIX  1.21  0.35  0.30  0.42  0.88 
(1.51)
 3.31 
(1.98)
 8.14 
ZVNIX  1.08  0.28  0.25  0.37  0.79 
(1.31)
 3.06 
(1.96)
 7.58 
ZVNBX  1.08  0.28  0.25  0.37  0.79 
(1.31)
 3.04 
(1.94)
 7.58 
IDXNX  0.46  0.10  0.07  0.29  0.30 
(0.54)
 1.52 
(1.11)
 3.26 
DIFGX  0.24  0.04 (0.17) 0.29  0.09 
(0.30)
 0.51 
(0.49)
 1.51 
SDYAX  0.62  0.13  0.12  0.28  0.55 
(0.71)
 1.91 
(0.98)
 4.47 
MPIBX  0.16  0.01 (0.50) 0.65  0.05 
(0.19)
 0.25 
(0.33)
 0.76 
BGKEX  0.63  0.21  0.18  0.52  0.16 
(0.74)
 1.93 
(1.13)
 4.46 
ALCEX  0.69  0.06  0.06  0.20  0.59 
(0.79)
 1.79 
(1.31)
 5.35 

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