Chase Growth Correlations

Mutual Funds . USA . 
Fund . Chase Growth Fund
CHASX Fund  USD 14.81  0.07  0.47%   
The current 90-days correlation between Chase Growth and The Chesapeake Growth is -0.12 (i.e., Good 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

Average diversification

The correlation between Chase Growth Fund and DJI is 0.16 (i.e., Average 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 state.

Moving together with Chase Mutual Fund

  0.81CHAIX Chase GrowthPairCorr
  0.64FAFGX American FundsPairCorr
  0.64FFAFX American FundsPairCorr
  0.69GFACX Growth FundPairCorr
  0.65CGFFX Growth FundPairCorr
  0.69CGFCX Growth FundPairCorr
  0.65CGFAX Growth FundPairCorr
  0.66CGFEX Growth FundPairCorr
  0.65RGAEX Growth FundPairCorr
  0.64XDSMX Dreyfus StrategicPairCorr
  0.66XNXJX Nuveen New JerseyPairCorr
  0.71XNBHX Neuberger Berman IntPairCorr
  0.62TITIX Tiaa-cref Tax-exemptPairCorr

Moving against Chase Mutual Fund

  0.71XNKGX Nuveen Georgia QualityPairCorr
  0.45PFN Pimco Income StrategyPairCorr
  0.35CIF Mfs Intermediate HighPairCorr
  0.68PIEMX Equity IncomePairCorr
  0.55TSDJX Tiaa Cref ShortPairCorr
  0.45XPPRX Voya Prime RatePairCorr
  0.44CFRAX Catalyst/princetonPairCorr
  0.39CHYDX Calamos High IncomePairCorr
  0.35VIGAX Vanguard Growth IndexPairCorr
  0.34SPEDX Alger Dynamic OpportPairCorr
  0.7PANDX Pimco Short AssetPairCorr
  0.57CDSIX Calvert Short DurationPairCorr
  0.52SEMPX Semper Mbs TotalPairCorr
  0.46AMFIX Aama Income FundPairCorr

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   
CAMOX
+ 0.9
MCGFX
BLUEX
+ 0.7
CHCGX
JENSX
+ 0.53
CHCGX
CAMOX
+ 0.53
CHCGX
MCGFX
+ 0.41
CHCGX
BLUEX
+ 0.4
JENSX
  
High negative correlations   
BLUEX
- 0.12
MCGFX

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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