Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund R5
AGWUX Fund  USD 58.23  0.45  0.78%   
The current 90-days correlation between Growth Fund R5 and American High Income Municipal is 0.1 (i.e., Average 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

Average diversification

The correlation between Growth Fund R5 and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund R5 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 R5. 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 producer price index.

Moving together with Growth Mutual Fund

  0.71AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.69AMKIX Emerging MarketsPairCorr
  0.75TWACX Short Term GovernmentPairCorr
  0.95TWADX Value Fund APairCorr
  1.0TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.99TWCIX Select Fund InvestorPairCorr
  1.0TWCGX Growth Fund InvestorPairCorr
  0.76TWARX Short Term GovernmentPairCorr
  0.74TWAVX Short Term GovernmentPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.97AMVRX Mid Cap ValuePairCorr
  0.97AMVGX Mid Cap ValuePairCorr
  0.95TWEAX Equity IncomePairCorr
  0.96TWEIX Equity IncomePairCorr
  0.85TWGAX International GrowthPairCorr
  1.0TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.66TWIEX International GrowthPairCorr
  0.99TWHIX Heritage Fund InvestorPairCorr
  0.69TWMIX Emerging MarketsPairCorr
  1.0TWRCX Growth Fund CPairCorr
  0.69TWTCX Intermediate Term TaxPairCorr
  0.73TWTIX Intermediate Term TaxPairCorr
  0.91TWSCX Strategic Allocation:PairCorr
  0.91TWSAX Strategic Allocation:PairCorr
  0.91TWSMX Strategic Allocation:PairCorr
  0.99TWSIX Select Fund IPairCorr
  0.75TWUSX Short Term GovernmentPairCorr
  0.96TWVLX Value Fund InvestorPairCorr
  0.95TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.75TWUOX Short Term GovernmentPairCorr
  0.7TWWOX Intermediate Term TaxPairCorr
  0.79NPHIX High Income FundPairCorr

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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