Dynamic Growth Correlations

DYGIX Fund

USD 15.61 0.41 2.70%

The current 90-days correlation between Dynamic Growth and Mfs Managed Wealth is 0.22 (i.e., Modest 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

Almost no diversification

The correlation between Dynamic Growth Fund and DJI is 0.92 (i.e., Almost no 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 gross domestic product.

Moving together with Dynamic Mutual Fund

0.99	SRUIX	Spectrum Fund Instit	Pair Corr
0.99	QNTAX	Quantex Fund Adviser	Pair Corr
0.99	QNTIX	Quantex Fund Institu	Pair Corr
0.98	IFAAX	Infrastructure Fund	Pair Corr
0.98	IFAIX	Infrastructure Fund	Pair Corr
0.99	BLNIX	Balanced Fund Instit	Pair Corr
0.99	BLNAX	Balanced Fund Adviser	Pair Corr
0.9	FLBDX	Total Return Bond	Pair Corr
0.99	FLCGX	Quantex Fund Retail	Pair Corr
0.99	FLDOX	Dividend Opportunities	Pair Corr
0.98	FLDGX	Dynamic Growth	Pair Corr
0.99	FLDFX	Balanced Fund Retail	Pair Corr
0.99	FLFGX	Global Opportunities	Pair Corr
1.0	FLMFX	Muirfield Fund Retail	Pair Corr
0.98	FLRUX	Infrastructure Fund	Pair Corr
0.99	FLSPX	Spectrum Fund Retail	Pair Corr
0.99	DVOIX	Dividend Opportunities	Pair Corr
0.91	BNDAX	Total Return Bond	Pair Corr
0.87	GWPCX	American Funds Growth	Pair Corr
0.84	GWPFX	American Funds Growth	Pair Corr
0.86	GWPAX	American Funds Growth	Pair Corr
0.88	CGRGX	American Funds Growth	Pair Corr
0.88	FPGGX	American Funds Growth	Pair Corr
0.87	FGPGX	American Funds Growth	Pair Corr
0.96	MUTHX	Franklin Mutual Shares	Pair Corr
0.96	TESRX	Franklin Mutual Shares	Pair Corr
0.96	FMSHX	Franklin Mutual Shares	Pair Corr
0.87	CGQGX	American Funds Growth	Pair Corr
0.8	KF	Korea Closed	Pair Corr
0.85	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.87	RSNRX	Victory Global Natural	Pair Corr
0.89	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.89	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.89	PSPFX	Global Resources	Pair Corr
0.88	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.9	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.89	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.92	UNWPX	World Precious Minerals	Pair Corr
0.94	AAAUX	Strategic Allocation:	Pair Corr

Related Correlations Analysis

	ACWDX	SXMAX	BFRZ	TSWEX	MECIX	MIDSX	WGGNX	MNWAX
ACWDX		0.95	0.61	0.95	0.95	0.9	-0.92	0.8	ACWDX
SXMAX	0.95		0.59	0.92	0.92	0.85	-0.99	0.76	SXMAX
BFRZ	0.61	0.59		0.51	0.69	0.57	-0.51	0.76	BFRZ
TSWEX	0.95	0.92	0.51		0.91	0.85	-0.9	0.76	TSWEX
MECIX	0.95	0.92	0.69	0.91		0.94	-0.87	0.77	MECIX
MIDSX	0.9	0.85	0.57	0.85	0.94		-0.8	0.69	MIDSX
WGGNX	-0.92	-0.99	-0.51	-0.9	-0.87	-0.8		-0.72	WGGNX
MNWAX	0.8	0.76	0.76	0.76	0.77	0.69	-0.72		MNWAX
	ACWDX	SXMAX	BFRZ	TSWEX	MECIX	MIDSX	WGGNX	MNWAX

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

SXMAX	+ 0.95	ACWDX
TSWEX	+ 0.95	ACWDX
MECIX	+ 0.95	ACWDX
MIDSX	+ 0.94	MECIX
TSWEX	+ 0.92	SXMAX
MECIX	+ 0.92	SXMAX

High negative correlations

WGGNX	- 0.99	SXMAX
WGGNX	- 0.92	ACWDX
WGGNX	- 0.9	TSWEX
WGGNX	- 0.87	MECIX
WGGNX	- 0.8	MIDSX
MNWAX	- 0.72	WGGNX

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
ACWDX	1.04	0.25	0.23	0.40	0.65	(1.28)	1.70	(1.55)	12.89
SXMAX	0.50	0.23	0.45	0.79	0.00	(0.68)	0.86	(0.50)	13.41
BFRZ	0.29	(0.03)	(0.18)	0.01	0.43	(0.28)	0.64	(0.68)	1.75
TSWEX	0.81	0.41	0.56	1.23	0.00	(1.06)	1.33	(0.74)	18.58
MECIX	0.57	0.10	0.09	0.31	0.48	(0.65)	1.10	(1.00)	3.50
MIDSX	1.99	0.61	0.16	0.67	2.73	(2.25)	5.01	(4.56)	19.82
WGGNX	1.59	(0.78)	0.00	(1.15)	0.00	0.00	1.27	(1.45)	48.67
MNWAX	0.27	0.00	(0.23)	(0.01)	0.32	(0.30)	0.52	(0.53)	1.66

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