Chase Growth Correlations

Mutual Funds . USA . 
Fund . Chase Growth Fund
CHAIX Fund  USD 19.12  0.14  0.73%   
The current 90-days correlation between Chase Growth and Dana Large Cap is 0.95 (i.e., Almost no diversification). The correlation of Chase 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.

Chase Growth Correlation With Market

Very poor diversification

The correlation between Chase Growth Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chase 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 Chase 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 Chase Mutual Fund

  1.0CHASX Chase GrowthPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.95KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.95KSCYX Kinetics Small Cap Steady GrowthPairCorr
  0.93KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.93WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.71LETRX Voya Russia FundPairCorr
  0.92KINAX Kinetics InternetPairCorr
  0.93KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.95KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.94LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.92KINCX Kinetics InternetPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.95TLCYX Touchstone Large CapPairCorr
  0.98MLMAX Global E PortfolioPairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.8GAB Gabelli Equity TrustPairCorr
  0.88GAPIX Goldman Sachs EquityPairCorr
  0.92WWLAX Westwood Largecap ValuePairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.97DFMAX Davidson Multi CapPairCorr
  0.96VWELX Vanguard WellingtonPairCorr
  0.99AMGOX Alger Mid CapPairCorr
  0.73PGAIX Pimco Global MultiPairCorr
  0.96AMGIX Income GrowthPairCorr
  0.96SAGAX Ridgeworth InnovativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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