Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Allocation
FRAGX Fund  USD 13.53  0.02  0.15%   
The current 90-days correlation between Aggressive Growth and Blackrock High Yield is 0.1 (i.e., Average diversification). The correlation of Aggressive 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.

Aggressive Growth Correlation With Market

Almost no diversification

The correlation between Aggressive Growth Allocation and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth Allocation 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 Aggressive Growth Allocation. 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 Aggressive Mutual Fund

  0.94FRBHX Fidelity Freedom 2070PairCorr
  0.95FRAMX Fidelity Income ReplPairCorr
  0.85FRIRX Fidelity Real EstatePairCorr
  0.94FAASX Fidelity Asset ManagerPairCorr
  0.97FAGIX Fidelity Capital IncomePairCorr
  0.93FTF Franklin TempletonPairCorr
  0.83FSAGX Gold Portfolio Gold Steady GrowthPairCorr
  0.92FSAVX Automotive PortfolioPairCorr
  0.89FSAWX Fidelity Sai ConvertiblePairCorr
  0.76FSAZX Fidelity Arizona MunPairCorr
  0.99FAMRX Fidelity Asset ManagerPairCorr
  0.9FSCRX Fidelity Small CapPairCorr
  0.95FSELX Fidelity Select SemiPairCorr
  0.95FARVX Fidelity Income ReplPairCorr
  0.99FASMX Fidelity Asset ManagerPairCorr
  0.82FASJX Fidelity Advisor SusPairCorr
  0.99FASGX Fidelity Asset ManagerPairCorr
  0.77FSHBX Fidelity Short TermPairCorr
  0.93FATKX Fidelity Freedom 2020PairCorr
  0.96FSKAX Fidelity Total MarketPairCorr
  0.94FSMAX Fidelity Extended MarketPairCorr
  0.8FSRBX Banking Portfolio BankingPairCorr
  0.86FSRFX Transportation PortfolioPairCorr
  0.93FSRPX Retailing PortfolioPairCorr
  0.94FSSMX Fidelity Advisor StockPairCorr
  0.92FTISX Fidelity InternationalPairCorr
  0.92FTRNX Fidelity TrendPairCorr
  0.65FCBFX Fidelity Porate BondPairCorr
  0.91FCLCX Fidelity Advisor IndPairCorr
  0.91FCLAX Fidelity Advisor Ind Potential GrowthPairCorr
  0.74FCMAX Fidelity CaliforniaPairCorr
  0.97FCLKX Fidelity Large CapPairCorr
  0.77FCNYX Fidelity Advisor CnsvPairCorr
  0.92FCPIX Fidelity Advisor IntPairCorr
  0.94FCPGX Fidelity Small CapPairCorr
  0.87FCPCX Fidelity Advisor IntPairCorr
  0.82FUEMX Fidelity Flex ServativePairCorr

Moving against Aggressive Mutual Fund

  0.42FBLTX Fidelity Sai LongPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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