Focused Dynamic Correlations

Mutual Funds USA . 
Fund . Focused Dynamic Growth
ACFOX Fund  USD 70.75  0.90  1.29%   
The current 90-days correlation between Focused Dynamic Growth and Growth Portfolio Class is 0.74 (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

Average diversification

The correlation between Focused Dynamic Growth and DJI is 0.16 (i.e., Average 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

  0.62TWCIX Select Fund InvestorPairCorr
  0.72TWCUX Ultra Fund InvestorPairCorr
  0.64TWSIX Select Fund IPairCorr
  0.69TWUAX Ultra Fund APairCorr
  0.75TWUIX Ultra Fund IPairCorr
  0.74BTTRX Zero Pon 2025PairCorr
  1.0ACFGX American Century InvPairCorr
  0.62ACYIX High Yield FundPairCorr

Moving against Focused Mutual Fund

  0.51ANTMX Nt International SmallPairCorr
  0.47BULIX Utilities Fund InvestorPairCorr
  0.42TWIEX International GrowthPairCorr
  0.41TWVLX Value Fund InvestorPairCorr
  0.41TGRIX International GrowthPairCorr
  0.31CDBCX Diversified BondPairCorr
  0.44ACITX Inflation Adjusted BondPairCorr
  0.44REAIX American Century RealPairCorr
  0.42AIANX Inflation Adjusted BondPairCorr
  0.41AVLIX Value Fund IPairCorr

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   
CPOAX
+ 1.0
MSEGX
ADSIX
+ 0.8
BIAWX
BIAWX
+ 0.74
ANOIX
ANOIX
+ 0.61
MSEGX
CPOAX
+ 0.61
ANOIX
ADSIX
+ 0.37
ANOIX
  
High negative correlations   
ADSIX
- 0.3
CPOAX
ADSIX
- 0.3
MSEGX

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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