Dynamic Growth Correlations

DYGAX Fund

USD 14.08 0.10 0.71%

The current 90-days correlation between Dynamic Growth and Spectrum Fund Adviser is 0.97 (i.e., Almost no diversification). The correlation of Dynamic 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.

Dynamic Growth Correlation With Market

Modest diversification

The correlation between Dynamic Growth Fund and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Growth Fund 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 Dynamic 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 nation.

Moving together with Dynamic Mutual Fund

0.98	SRUAX	Spectrum Fund Adviser	Pair Corr
0.98	SRUIX	Spectrum Fund Instit	Pair Corr
1.0	QNTAX	Quantex Fund Adviser	Pair Corr
1.0	QNTIX	Quantex Fund Institu	Pair Corr
0.62	IFAAX	Infrastructure Fund	Pair Corr
0.62	IFAIX	Infrastructure Fund	Pair Corr
1.0	BLNIX	Balanced Fund Instit	Pair Corr
0.97	BLNAX	Balanced Fund Adviser	Pair Corr
1.0	FLCGX	Quantex Fund Retail	Pair Corr
0.99	FLDOX	Dividend Opportunities	Pair Corr
1.0	FLDGX	Dynamic Growth	Pair Corr
1.0	FLDFX	Balanced Fund Retail	Pair Corr
1.0	FLFGX	Global Opportunities	Pair Corr
1.0	FLMIX	Muirfield Fund Insti	Pair Corr
1.0	FLMFX	Muirfield Fund Retail	Pair Corr
0.97	FLMAX	Muirfield Fund Adviser	Pair Corr
0.63	FLRUX	Infrastructure Fund	Pair Corr
0.94	FLSPX	Spectrum Fund Retail	Pair Corr
0.98	DVOIX	Dividend Opportunities	Pair Corr
0.94	DVOAX	Dividend Opportunities	Pair Corr
0.96	GBPAX	Global Opportunities	Pair Corr
0.96	GBPIX	Global Opportunities	Pair Corr
1.0	DYGIX	Dynamic Growth	Pair Corr
0.91	MUTHX	Franklin Mutual Shares	Pair Corr
0.92	TESRX	Franklin Mutual Shares	Pair Corr
0.91	FMSHX	Franklin Mutual Shares	Pair Corr

Moving against Dynamic Mutual Fund

0.61

COGVX

Cognios Large Cap

Pair Corr

Related Correlations Analysis

	SRUAX	SRUIX	QNTAX	QNTIX	IFAAX	IFAIX	BLNIX	BLNAX	FLBDX	FLCGX
SRUAX		1.0	0.98	0.98	0.73	0.73	0.98	0.95	-0.05	0.98	SRUAX
SRUIX	1.0		0.98	0.98	0.73	0.72	0.98	0.95	-0.05	0.98	SRUIX
QNTAX	0.98	0.98		1.0	0.59	0.59	1.0	0.96	-0.21	1.0	QNTAX
QNTIX	0.98	0.98	1.0		0.59	0.59	1.0	0.97	-0.21	1.0	QNTIX
IFAAX	0.73	0.73	0.59	0.59		1.0	0.61	0.62	0.52	0.59	IFAAX
IFAIX	0.73	0.72	0.59	0.59	1.0		0.6	0.61	0.53	0.59	IFAIX
BLNIX	0.98	0.98	1.0	1.0	0.61	0.6		0.97	-0.2	1.0	BLNIX
BLNAX	0.95	0.95	0.96	0.97	0.62	0.61	0.97		-0.19	0.96	BLNAX
FLBDX	-0.05	-0.05	-0.21	-0.21	0.52	0.53	-0.2	-0.19		-0.21	FLBDX
FLCGX	0.98	0.98	1.0	1.0	0.59	0.59	1.0	0.96	-0.21		FLCGX
	SRUAX	SRUIX	QNTAX	QNTIX	IFAAX	IFAIX	BLNIX	BLNAX	FLBDX	FLCGX

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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

SRUIX	+ 1.0	SRUAX
QNTIX	+ 1.0	QNTAX
BLNIX	+ 1.0	QNTAX
FLCGX	+ 1.0	QNTAX
BLNIX	+ 1.0	QNTIX
FLCGX	+ 1.0	QNTIX

High negative correlations

FLCGX	- 0.21	FLBDX
FLBDX	- 0.21	QNTIX
FLBDX	- 0.21	QNTAX
FLBDX	- 0.2	BLNIX
FLBDX	- 0.19	BLNAX
FLBDX	- 0.05	SRUIX

Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic 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 Dynamic 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
SRUAX	0.71	(0.10)	0.00	(0.18)	0.00	0.00	1.16	(1.28)	10.60
SRUIX	0.71	(0.10)	0.00	(0.18)	0.00	0.00	1.16	(1.35)	10.57
QNTAX	0.86	(0.23)	0.00	(0.43)	0.00	0.00	1.16	(1.54)	17.73
QNTIX	0.86	(0.23)	0.00	(0.43)	0.00	0.00	1.16	(1.55)	17.76
IFAAX	0.26	(0.01)	(0.16)	0.01	0.38	(0.25)	0.51	(0.51)	2.03
IFAIX	0.26	(0.01)	(0.16)	0.01	0.38	(0.26)	0.51	(0.50)	2.06
BLNIX	0.64	(0.16)	0.00	(0.41)	0.00	0.00	0.92	(1.02)	12.57
BLNAX	0.64	(0.15)	0.00	(1.57)	0.00	0.00	0.92	(1.10)	12.66
FLBDX	0.09	0.00	(0.37)	0.17	0.00	(0.13)	0.21	(0.21)	0.53
FLCGX	0.86	(0.23)	0.00	(0.44)	0.00	0.00	1.17	(1.53)	17.87

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