Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund R6
AGRDX Fund  USD 59.08  0.40  0.67%   
The current 90-days correlation between Growth Fund R6 and Barings Active Short is 0.2 (i.e., Modest diversification). The correlation of Growth Fund 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.

Growth Fund Correlation With Market

Very poor diversification

The correlation between Growth Fund R6 and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund R6 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 Growth Fund R6. 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 small area income & poverty estimates.

Moving together with Growth Mutual Fund

  0.96AMGIX Income GrowthPairCorr
  0.67AMKIX Emerging MarketsPairCorr
  1.0TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.99TWCIX Select Fund InvestorPairCorr
  1.0TWCGX Growth Fund InvestorPairCorr
  0.74TWAVX Short Term GovernmentPairCorr
  0.95TWEAX Equity IncomePairCorr
  0.96TWEIX Equity IncomePairCorr
  0.87TWGAX International GrowthPairCorr
  1.0TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.73TWIEX International GrowthPairCorr
  0.67TWMIX Emerging MarketsPairCorr
  1.0TWRCX Growth Fund CPairCorr
  0.91TWSCX Strategic Allocation:PairCorr
  0.91TWSAX Strategic Allocation:PairCorr
  0.91TWSMX Strategic Allocation:PairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.7ANONX Small Cap GrowthPairCorr
  0.95ANOIX Small Cap GrowthPairCorr
  0.93ANTUX Nt Non IntrinsicPairCorr
  0.78ANTMX Nt International SmallPairCorr
  0.89AOCIX One Choice PortfolioPairCorr
  0.91AOGIX One Choice PortfolioPairCorr
  0.75AONIX One Choice PortfolioPairCorr
  0.92AOOIX One Choice 2045PairCorr
  0.9AORVX One Choice PortfolioPairCorr
  0.9AOVIX One Choice PortfolioPairCorr
  0.9TGRIX International GrowthPairCorr
  0.91BULIX Utilities Fund InvestorPairCorr
  0.92ARCVX One Choice 2030PairCorr
  0.92AREVX One Choice 2055PairCorr
  0.92ARDVX One Choice 2040PairCorr
  0.92ARFVX One Choice 2050PairCorr
  0.79ARHVX American Century InvPairCorr
  0.92AROIX One Choice 2045PairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Fund 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 Growth Fund'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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