Equity Growth Correlations

AMEIX Fund

USD 33.97 0.32 0.93%

The current 90-days correlation between Equity Growth and Tiaa Cref Lifestyle Moderate is 0.16 (i.e., Average diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Significant diversification

The correlation between Equity Growth Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity 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 Equity 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 Equity Mutual Fund

0.72	TWCCX	Ultra Fund C	Pair Corr
0.77	TWCAX	Select Fund A	Pair Corr
0.78	TWCIX	Select Fund Investor	Pair Corr
0.69	TWCGX	Growth Fund Investor	Pair Corr
0.75	TWBIX	Balanced Fund Investor	Pair Corr
0.84	TWCUX	Ultra Fund Investor	Pair Corr
0.71	TWGIX	Growth Fund I	Pair Corr
0.79	TWSIX	Select Fund I	Pair Corr
0.82	TWUAX	Ultra Fund A	Pair Corr
0.85	TWUIX	Ultra Fund I	Pair Corr
0.77	NPHIX	High Income Fund	Pair Corr

Moving against Equity Mutual Fund

0.36	AMKIX	Emerging Markets	Pair Corr
0.36	TWMIX	Emerging Markets	Pair Corr
0.36	ANTUX	Nt Non Intrinsic	Pair Corr

Related Correlations Analysis

	TSMLX	TSIMX	BIMPX	SAMAX	SBMCX	JLMOX	CMATX
TSMLX		1.0	0.98	0.88	0.89	0.99	0.94	TSMLX
TSIMX	1.0		0.96	0.9	0.91	0.99	0.93	TSIMX
BIMPX	0.98	0.96		0.84	0.84	0.95	0.96	BIMPX
SAMAX	0.88	0.9	0.84		1.0	0.92	0.91	SAMAX
SBMCX	0.89	0.91	0.84	1.0		0.93	0.91	SBMCX
JLMOX	0.99	0.99	0.95	0.92	0.93		0.93	JLMOX
CMATX	0.94	0.93	0.96	0.91	0.91	0.93		CMATX
	TSMLX	TSIMX	BIMPX	SAMAX	SBMCX	JLMOX	CMATX

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Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity 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 Equity 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
TSMLX	0.35	(0.03)	0.00	(0.12)	0.00	0.00	0.60	(0.67)	2.67
TSIMX	0.35	(0.03)	0.00	(0.12)	0.00	0.00	0.60	(0.74)	2.47
BIMPX	0.31	(0.02)	0.00	(0.12)	0.00	0.00	0.63	(0.62)	2.55
SAMAX	0.50	(0.02)	(0.03)	(0.03)	0.75	(0.47)	0.94	(0.91)	4.00
SBMCX	0.49	(0.02)	0.00	(0.03)	0.00	0.00	0.90	(0.91)	3.77
JLMOX	0.29	(0.03)	0.00	(0.12)	0.00	0.00	0.64	(0.64)	2.20
CMATX	0.37	(0.02)	0.00	(0.06)	0.00	0.00	0.86	(1.05)	3.48

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