Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Allocation
FRAGX Fund  USD 11.60  0.05  0.43%   
The current 90-days correlation between Aggressive Growth and Fidelity Asset Manager is 0.98 (i.e., Almost no 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

Very poor diversification

The correlation between Aggressive Growth Allocation and DJI is 0.81 (i.e., Very poor 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 price.

Moving together with Aggressive Mutual Fund

  0.96FPURX Fidelity PuritanPairCorr
  0.96FPUKX Fidelity PuritanPairCorr
  0.7FQIFX Fidelity Freedom IndexPairCorr
  0.98FQIPX Fidelity Freedom IndexPairCorr
  0.98FQLSX Fidelity Flex FreedomPairCorr
  0.99FRGAX Growth Allocation IndexPairCorr
  0.98FRLPX Fidelity Freedom IndexPairCorr
  0.97FAASX Fidelity Asset ManagerPairCorr
  0.98FAAIX Fidelity Asset ManagerPairCorr
  0.91FABLX Fidelity Advisor BalancedPairCorr
  0.91FABCX Fidelity Advisor BalancedPairCorr
  0.85FACVX Fidelity ConvertiblePairCorr
  0.85FACPX Fidelity Advisor SumerPairCorr
  0.95FACNX Fidelity CanadaPairCorr
  0.93FACGX Fidelity Advisor GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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