Income Growth Correlations

BIGRX Fund

USD 36.30 0.50 1.40%

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

Poor diversification

The correlation between Income Growth Fund and DJI is 0.78 (i.e., Poor 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 metropolitan statistical area.

Moving together with Income Mutual Fund

0.93	AMEIX	Equity Growth	Pair Corr
1.0	AMGIX	Income Growth	Pair Corr
0.8	TWCCX	Ultra Fund C	Pair Corr
0.83	TWCAX	Select Fund A	Pair Corr
0.83	TWCIX	Select Fund Investor	Pair Corr
0.82	TWCGX	Growth Fund Investor	Pair Corr
0.94	TWBIX	Balanced Fund Investor	Pair Corr
0.81	TWCUX	Ultra Fund Investor	Pair Corr
0.82	TWGIX	Growth Fund I	Pair Corr
0.67	TWGGX	Global Growth	Pair Corr
0.88	TWHIX	Heritage Fund Investor	Pair Corr
0.81	TWRCX	Growth Fund C	Pair Corr
0.74	TWSAX	Strategic Allocation:	Pair Corr
0.74	TWSMX	Strategic Allocation:	Pair Corr
0.84	TWSIX	Select Fund I	Pair Corr
0.81	TWUAX	Ultra Fund A	Pair Corr
0.81	TWUIX	Ultra Fund I	Pair Corr

Moving against Income Mutual Fund

0.5	TWACX	Short Term Government	Pair Corr
0.47	TWAVX	Short Term Government	Pair Corr
0.42	TWARX	Short Term Government	Pair Corr
0.36	CDBCX	Diversified Bond	Pair Corr
0.45	TWUSX	Short Term Government	Pair Corr
0.45	TWUOX	Short Term Government	Pair Corr
0.37	ANTUX	Nt Non Intrinsic	Pair Corr
0.37	ANVLX	American Century Non	Pair Corr
0.35	ANTGX	Nt Non Intrinsic	Pair Corr
0.35	ANVRX	American Century Non	Pair Corr
0.35	ANVMX	American Century Non	Pair Corr

Related Correlations Analysis

	JHMXX	HUCXX	JRSXX	DVFYX	AEYXX	IAAEX	SPAXX
JHMXX		0.0	0.0	0.0	0.0	0.0	0.0	JHMXX
HUCXX	0.0		0.0	0.0	0.0	0.0	0.0	HUCXX
JRSXX	0.0	0.0		0.0	0.0	0.0	0.0	JRSXX
DVFYX	0.0	0.0	0.0		0.0	0.23	0.47	DVFYX
AEYXX	0.0	0.0	0.0	0.0		0.0	0.0	AEYXX
IAAEX	0.0	0.0	0.0	0.23	0.0		-0.07	IAAEX
SPAXX	0.0	0.0	0.0	0.47	0.0	-0.07		SPAXX
	JHMXX	HUCXX	JRSXX	DVFYX	AEYXX	IAAEX	SPAXX

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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

SPAXX	+ 0.47	DVFYX
IAAEX	+ 0.23	DVFYX
HUCXX	+ 0.0	JHMXX
JRSXX	+ 0.0	JHMXX
DVFYX	+ 0.0	JHMXX
AEYXX	+ 0.0	JHMXX

High negative correlations

SPAXX	- 0.07	IAAEX
SPAXX	- 0.0	AEYXX
IAAEX	- 0.0	AEYXX
AEYXX	- 0.0	DVFYX
SPAXX	- 0.0	JRSXX
IAAEX	- 0.0	JRSXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAAEX	0.81	(0.11)	0.00	(0.26)	0.00	0.00	1.41	(1.48)	9.17
SPAXX	0.03	0.00	0.00	(0.38)	0.00	0.00	0.00	0.00	1.01

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