Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
AMADX Fund  USD 39.17  0.06  0.15%   
The current 90-days correlation between Income Growth and International Growth Fund is 0.61 (i.e., Poor diversification). The correlation of Income 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.

Income Growth Correlation With Market

Almost no diversification

The correlation between Income Growth Fund and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income 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 Income 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 unemployment.

Moving together with Income Mutual Fund

  0.9AMDVX Mid Cap ValuePairCorr
  0.92AMEIX Equity GrowthPairCorr
  0.94AMGIX Income GrowthPairCorr
  0.97TWADX Value Fund APairCorr
  0.89TWCCX Ultra Fund CPairCorr
  0.92TWCAX Select Fund APairCorr
  0.89TWCIX Select Fund InvestorPairCorr
  0.88TWCGX Growth Fund InvestorPairCorr
  0.9AMVYX Mid Cap ValuePairCorr
  0.89AMVRX Mid Cap ValuePairCorr
  0.75TWBIX Balanced Fund InvestorPairCorr
  0.9AMVGX Mid Cap ValuePairCorr
  0.88TWEAX Equity IncomePairCorr
  0.88TWEIX Equity IncomePairCorr
  0.9TWCUX Ultra Fund InvestorPairCorr
  0.91TWGIX Growth Fund IPairCorr
  0.94TWHIX Heritage Fund InvestorPairCorr
  0.91TWRCX Growth Fund CPairCorr
  0.79TWSCX Strategic AllocationPairCorr
  0.9TWSAX Strategic AllocationPairCorr
  0.92TWSMX Strategic AllocationPairCorr
  0.92TWSIX Select Fund IPairCorr
  0.88TWVLX Value Fund InvestorPairCorr
  0.92TWUAX Ultra Fund APairCorr
  0.92TWUIX Ultra Fund IPairCorr
  0.64NPHIX High Income FundPairCorr

Moving against Income Mutual Fund

  0.72CDBCX Diversified BondPairCorr
  0.62TWACX Short Term GovernmentPairCorr
  0.6TWARX Short Term GovernmentPairCorr
  0.59TWAVX Short Term GovernmentPairCorr
  0.49TWGAX International GrowthPairCorr
  0.49TWIEX International GrowthPairCorr
  0.41TWTCX Intermediate Term TaxPairCorr
  0.66ANTUX Nt Non IntrinsicPairCorr
  0.66ANVRX American Century NonPairCorr
  0.66ANVLX American Century NonPairCorr
  0.66ANVHX American Century NonPairCorr
  0.65ANTGX Nt Non IntrinsicPairCorr
  0.65ANVMX American Century NonPairCorr
  0.53TWUOX Short Term GovernmentPairCorr
  0.5TWUSX Short Term GovernmentPairCorr

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   
TWCUX
+ 0.99
TWCGX
TWSAX
+ 0.94
TWCGX
TWSAX
+ 0.92
TWCUX
  
High negative correlations   
TWCUX
- 0.56
TWIEX
TWCGX
- 0.49
TWIEX
TWSAX
- 0.35
TWIEX

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income 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 Income 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.

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