Disciplined Growth Correlations

ADRRX Fund

USD 20.09 0.07 0.35%

The current 90-days correlation between Disciplined Growth and Firsthand Technology Opportunities is 0.28 (i.e., Modest diversification). The correlation of Disciplined 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.

Disciplined Growth Correlation With Market

Very weak diversification

The correlation between Disciplined Growth Fund and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Disciplined Growth Fund 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 Disciplined 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 metropolitan statistical area.

Moving together with Disciplined Mutual Fund

0.76	CDBCX	Diversified Bond	Pair Corr
0.66	TWCGX	Growth Fund Investor	Pair Corr
0.94	AMVYX	Mid Cap Value	Pair Corr
0.96	AMVRX	Mid Cap Value	Pair Corr
0.96	TWEIX	Equity Income	Pair Corr
0.98	TWGGX	Global Growth	Pair Corr
0.91	TWHIX	Heritage Fund Investor	Pair Corr
0.86	TWSMX	Strategic Allocation:	Pair Corr
0.79	ANTMX	Nt International Small	Pair Corr
0.71	BULIX	Utilities Fund Investor	Pair Corr
0.85	ARCRX	One Choice 2030	Pair Corr
0.84	ARCMX	One Choice 2030	Pair Corr
0.88	ARDRX	One Choice 2040	Pair Corr
0.81	ARDTX	One Choice In	Pair Corr
0.87	ARDSX	One Choice 2040	Pair Corr
0.87	ARDMX	One Choice 2040	Pair Corr
0.9	ARDOX	One Choice 2045	Pair Corr
0.83	ARCSX	One Choice 2030	Pair Corr
0.84	ARCVX	One Choice 2030	Pair Corr

Moving against Disciplined Mutual Fund

0.52	TWUSX	Short Term Government	Pair Corr
0.33	APODX	Short Duration Inflation	Pair Corr

Related Correlations Analysis

	TEFQX	RAGTX	WFSTX	TEPIX	ROGSX	VITAX	GISTX
TEFQX		0.83	0.26	0.37	0.68	0.82	0.92	TEFQX
RAGTX	0.83		-0.17	0.14	0.58	0.95	0.88	RAGTX
WFSTX	0.26	-0.17		0.66	0.38	-0.01	0.28	WFSTX
TEPIX	0.37	0.14	0.66		0.79	0.35	0.35	TEPIX
ROGSX	0.68	0.58	0.38	0.79		0.67	0.67	ROGSX
VITAX	0.82	0.95	-0.01	0.35	0.67		0.88	VITAX
GISTX	0.92	0.88	0.28	0.35	0.67	0.88		GISTX
	TEFQX	RAGTX	WFSTX	TEPIX	ROGSX	VITAX	GISTX

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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

VITAX	+ 0.95	RAGTX
GISTX	+ 0.92	TEFQX
GISTX	+ 0.88	RAGTX
GISTX	+ 0.88	VITAX
RAGTX	+ 0.83	TEFQX
VITAX	+ 0.82	TEFQX

High negative correlations

WFSTX	- 0.17	RAGTX
VITAX	- 0.01	WFSTX

Risk-Adjusted Indicators

There is a big difference between Disciplined Mutual Fund performing well and Disciplined 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 Disciplined 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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEFQX	1.36	0.11	0.04	0.28	1.81	(1.42)	2.95	(3.10)	8.29
RAGTX	1.17	0.10	0.03	0.38	1.61	(1.19)	2.51	(2.47)	7.83
WFSTX	0.94	(0.08)	0.00	(0.06)	0.00	0.00	1.46	(2.14)	10.00
TEPIX	1.71	(0.18)	0.00	(0.14)	0.00	0.00	2.94	(4.74)	14.99
ROGSX	1.06	0.00	(0.03)	0.08	1.72	(1.01)	1.70	(3.18)	8.31
VITAX	1.09	0.02	(0.02)	0.12	1.58	(1.03)	2.04	(2.39)	8.39
GISTX	1.12	0.09	0.02	0.34	1.62	(1.10)	2.26	(2.89)	7.34

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