Focused Dynamic Correlations

Mutual Funds . USA . 
Fund . Focused Dynamic Growth
ACFOX Fund  USD 68.11  0.49  0.71%   
The current 90-days correlation between Focused Dynamic Growth and Growth Portfolio Class is 0.68 (i.e., Poor diversification). The correlation of Focused Dynamic 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.

Focused Dynamic Correlation With Market

Poor diversification

The correlation between Focused Dynamic Growth and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Focused Dynamic Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Focused Dynamic 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 persons.

Moving together with FOCUSED Mutual Fund

  0.82AMDVX Mid Cap ValuePairCorr
  0.97AMEIX Equity GrowthPairCorr
  0.9AMGIX Income GrowthPairCorr
  0.88TWADX Value Fund APairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.91TWCIX Select Fund InvestorPairCorr
  0.91TWCGX Growth Fund InvestorPairCorr
  0.82AMVYX Mid Cap ValuePairCorr
  0.8AMVRX Mid Cap ValuePairCorr
  0.67TWBIX Balanced Fund InvestorPairCorr
  0.81AMVGX Mid Cap ValuePairCorr
  0.76TWEAX Equity IncomePairCorr
  0.76TWEIX Equity IncomePairCorr
  0.93TWCUX Ultra Fund InvestorPairCorr
  0.95TWGIX Growth Fund IPairCorr
  0.97TWHIX Heritage Fund InvestorPairCorr
  0.95TWRCX Growth Fund CPairCorr
  0.69TWSCX Strategic Allocation:PairCorr
  0.85TWSAX Strategic Allocation:PairCorr
  0.8TWSMX Strategic Allocation:PairCorr
  0.95TWSIX Select Fund IPairCorr
  0.85TWVLX Value Fund InvestorPairCorr
  0.97TWUAX Ultra Fund APairCorr
  0.97TWUIX Ultra Fund IPairCorr
  0.63NPHIX High Income FundPairCorr
  0.92ANORX Small Cap GrowthPairCorr

Moving against FOCUSED Mutual Fund

  0.82CDBCX Diversified BondPairCorr
  0.68TWACX Short Term GovernmentPairCorr
  0.67TWGAX International GrowthPairCorr
  0.67TWIEX International GrowthPairCorr
  0.63TWARX Short Term GovernmentPairCorr
  0.63TWAVX Short Term GovernmentPairCorr
  0.53TWTCX Intermediate Term TaxPairCorr
  0.41TWTIX Intermediate Term TaxPairCorr
  0.79ANTUX Nt Non IntrinsicPairCorr
  0.79ANVMX American Century NonPairCorr
  0.79ANVHX American Century NonPairCorr
  0.77ANTGX Nt Non IntrinsicPairCorr
  0.58ANTSX Nt International SmallPairCorr
  0.56ANTMX Nt International SmallPairCorr
  0.54TWUSX Short Term GovernmentPairCorr
  0.47TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FOCUSED Mutual Fund performing well and Focused Dynamic 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 Focused Dynamic'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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