The Disciplined Correlations

Mutual Funds . USA . 
Fund . The Disciplined Growth
DGIFX Fund  USD 25.61  0.06  0.23%   
The current 90-days correlation between The Disciplined Growth and Fidelity Advisor Large is 0.84 (i.e., Very poor diversification). The correlation of The Disciplined 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.

The Disciplined Correlation With Market

Poor diversification

The correlation between The Disciplined Growth and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Disciplined Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The Disciplined Growth. 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 census.

Moving together with The Mutual Fund

  0.86FFIFX American FundsPairCorr
  0.8FAIFX American FundsPairCorr
  0.85IFACX Income FundPairCorr
  0.79IFAFX Income FundPairCorr
  0.86AMECX Income FundPairCorr
  0.85RIDBX Income FundPairCorr
  0.86CIMEX Income FundPairCorr
  0.86RIDFX Income FundPairCorr
  0.85CIMCX Income FundPairCorr
  0.86CIMFX Income FundPairCorr
  0.81FTCAX Templeton Strained BondPairCorr
  0.7PYAIX Payden Absolute ReturnPairCorr
  0.74PYARX Payden Absolute ReturnPairCorr
  0.78BCAAX Brandywineglobal CPairCorr
  0.9BFTHX Baron Fifth AvenuePairCorr
  0.95VWENX Vanguard WellingtonPairCorr
  0.87VASGX Vanguard LifestrategyPairCorr
  0.7RRTLX T Rowe PricePairCorr
  0.92CGFFX Growth FundPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.61LBHIX Thrivent High YieldPairCorr
  0.93WWLAX Westwood Largecap ValuePairCorr
  0.9VIGAX Vanguard Growth IndexPairCorr
  0.82RNGHX New Economy FundPairCorr
  0.93MUTHX Franklin Mutual SharesPairCorr
  0.66EOD Allspring Global DividendPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.73TAIAX American Funds TaxPairCorr
  0.87AMEIX Equity GrowthPairCorr
  0.94FBALX Fidelity BalancedPairCorr
  0.84FIKHX Fidelity Advisor TecPairCorr
  0.93AMGOX Alger Mid CapPairCorr
  0.85WCPSX Mobile TelecommunicatioPairCorr
  0.89PRMTX T Rowe PricePairCorr

Moving against The Mutual Fund

  0.97UIPIX Ultrashort Mid CapPairCorr
  0.89USPSX Profunds UltrashortPairCorr
  0.84USPIX Profunds UltrashortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Disciplined 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 The Disciplined'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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