Disciplined Growth Correlations

Mutual Funds . USA . 
Fund . Disciplined Growth Fund
ADSIX Fund  USD 31.30  0.27  0.86%   
The current 90-days correlation between Disciplined Growth and Growth Fund Of is 0.95 (i.e., Almost no 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

Poor diversification

The correlation between Disciplined Growth Fund 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 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 gross domestic product.

Moving together with Disciplined Mutual Fund

  0.78AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.9AMGIX Income GrowthPairCorr
  0.88TWADX Value Fund APairCorr
  1.0TWCCX Ultra Fund CPairCorr
  0.99TWCAX Select Fund APairCorr
  0.94TWCIX Select Fund InvestorPairCorr
  0.94TWCGX Growth Fund InvestorPairCorr
  0.78AMVYX Mid Cap ValuePairCorr
  0.76AMVRX Mid Cap ValuePairCorr
  0.76TWBIX Balanced Fund InvestorPairCorr
  0.78AMVGX Mid Cap ValuePairCorr
  0.78TWEAX Equity IncomePairCorr
  0.78TWEIX Equity IncomePairCorr
  0.95TWCUX Ultra Fund InvestorPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.96TWHIX Heritage Fund InvestorPairCorr
  0.99TWRCX Growth Fund CPairCorr
  0.75TWSCX Strategic Allocation:PairCorr
  0.89TWSAX Strategic Allocation:PairCorr
  0.86TWSMX Strategic Allocation:PairCorr
  0.99TWSIX Select Fund IPairCorr
  0.84TWVLX Value Fund InvestorPairCorr
  1.0TWUAX Ultra Fund APairCorr
  1.0TWUIX Ultra Fund IPairCorr
  0.65NPHIX High Income FundPairCorr
  0.92ANORX Small Cap GrowthPairCorr

Moving against Disciplined Mutual Fund

  0.79CDBCX Diversified BondPairCorr
  0.61TWACX Short Term GovernmentPairCorr
  0.58TWARX Short Term GovernmentPairCorr
  0.57TWAVX Short Term GovernmentPairCorr
  0.54TWGAX International GrowthPairCorr
  0.53TWIEX International GrowthPairCorr
  0.48TWTCX Intermediate Term TaxPairCorr
  0.37TWTIX Intermediate Term TaxPairCorr
  0.68ANTUX Nt Non IntrinsicPairCorr
  0.68ANVMX American Century NonPairCorr
  0.68ANVHX American Century NonPairCorr
  0.66ANTGX Nt Non IntrinsicPairCorr
  0.47TWUSX Short Term GovernmentPairCorr
  0.44ANTSX Nt International SmallPairCorr
  0.43TWWOX Intermediate Term TaxPairCorr
  0.41ANTMX Nt International SmallPairCorr

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   
AAEVX
+ 0.93
GFAFX
AAEVX
+ 0.75
MSTSX
MSTSX
+ 0.73
GFAFX
AAEVX
+ 0.68
LBHIX
LBHIX
+ 0.67
GFAFX
LBHIX
+ 0.67
MSTSX
  
High negative correlations   
VIASP
- 0.8
SCAXF
444859BR2
- 0.73
GFAFX
AAEVX
- 0.69
444859BR2
LBHIX
- 0.54
444859BR2
MSTSX
- 0.53
444859BR2
SCAXF
- 0.49
GFAFX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GFAFX  0.65  0.02  0.01  0.14  0.86 
(0.66)
 1.34 
(1.64)
 4.42 
444859BR2  1.35 (0.09) 0.00 (0.14) 0.00 
 0.00 
 5.93 
(5.79)
 16.62 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
BRRAY  1.27 (0.13) 0.00  0.01  0.00 
 0.00 
 0.00 
(2.98)
 34.02 
MSTSX  0.49 (0.04)(0.13) 0.06  0.52 
(0.61)
 1.21 
(1.02)
 2.80 
LBHIX  0.11  0.01 (0.42) 0.38  0.00 
(0.29)
 0.24 
(0.24)
 0.96 
ABHYX  0.17  0.00 (0.24) 0.19  0.25 
(0.24)
 0.34 
(0.33)
 1.91 
SCAXF  0.70 (0.41) 0.00 (0.98) 0.00 
 0.00 
 0.00 
 0.00 
 23.47 
VIASP  0.74  0.07 (0.04)(2.04) 1.13 
(0.80)
 2.28 
(1.20)
 7.18 
AAEVX  0.48  0.05 (0.10)(2.13) 0.54 
(0.57)
 0.93 
(0.77)
 2.76 

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