Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund R5
AVUGX Fund  USD 8.77  0.12  1.39%   
The current 90-days correlation between Value Fund R5 and The Hartford Small is 0.25 (i.e., Modest diversification). The correlation of Value 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.

Value Fund Correlation With Market

Very poor diversification

The correlation between Value Fund R5 and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value 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 Value 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 price.

Moving together with Value Mutual Fund

  0.89AMDVX Mid Cap ValuePairCorr
  0.96AMEIX Equity GrowthPairCorr
  1.0AMGIX Income GrowthPairCorr
  0.81AMKIX Emerging MarketsPairCorr
  0.84TWACX Short Term GovernmentPairCorr
  0.93TWCCX Ultra Fund CPairCorr
  0.92TWCAX Select Fund APairCorr
  0.91TWCIX Select Fund InvestorPairCorr
  0.92TWCGX Growth Fund InvestorPairCorr
  0.83TWARX Short Term GovernmentPairCorr
  0.87TWAVX Short Term GovernmentPairCorr
  1.0AMVYX Mid Cap ValuePairCorr
  1.0AMVRX Mid Cap ValuePairCorr
  0.61TWBIX Balanced Fund InvestorPairCorr
  1.0AMVGX Mid Cap ValuePairCorr
  1.0TWEAX Equity IncomePairCorr
  1.0TWEIX Equity IncomePairCorr
  0.92TWGAX International GrowthPairCorr
  0.92TWGIX Growth Fund IPairCorr
  0.95TWGGX Global GrowthPairCorr
  0.8TWIEX International GrowthPairCorr
  0.95TWHIX Heritage Fund InvestorPairCorr
  0.81TWMIX Emerging MarketsPairCorr
  0.93TWRCX Growth Fund CPairCorr
  0.84TWTCX Intermediate Term TaxPairCorr
  0.86TWTIX Intermediate Term TaxPairCorr
  0.95TWSCX Strategic AllocationPairCorr
  0.95TWSAX Strategic AllocationPairCorr
  0.94TWSMX Strategic AllocationPairCorr
  0.91TWSIX Select Fund IPairCorr
  0.87TWUSX Short Term GovernmentPairCorr
  1.0TWVLX Value Fund InvestorPairCorr
  0.91TWUAX Ultra Fund APairCorr
  0.89TWUIX Ultra Fund IPairCorr
  0.86TWUOX Short Term GovernmentPairCorr
  0.86TWWOX Intermediate Term TaxPairCorr
  0.88NPHIX High Income FundPairCorr
  0.95ANORX Small Cap GrowthPairCorr

Moving against Value Mutual Fund

  0.34TWCUX Ultra Fund InvestorPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value 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 Value 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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