Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Allocation
FRAGX Fund  USD 13.57  0.09  0.67%   
The current 90-days correlation between Aggressive Growth and Invesco SP MidCap is 0.79 (i.e., Poor 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

  0.95FPTKX Fidelity Freedom 2015PairCorr
  0.99FPURX Fidelity PuritanPairCorr
  0.99FPUKX Fidelity PuritanPairCorr
  0.82FPXTX Fidelity PennsylvaniaPairCorr
  0.98FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.95FQITX Fidelity Salem StreetPairCorr
  0.99FQLSX Fidelity Flex FreedomPairCorr
  0.95FRBDX Fidelity Freedom 2070PairCorr
  0.95FRBEX Fidelity Freedom 2070PairCorr
  0.98FRBHX Fidelity Freedom 2070PairCorr
  0.99FRBJX Fidelity Advisor FreedomPairCorr
  0.99FRBKX Fidelity Advisor FreedomPairCorr
  0.99FRBLX Fidelity Advisor FreedomPairCorr
  0.99FRBNX Fidelity Advisor FreedomPairCorr
  0.99FRBOX Fidelity Advisor FreedomPairCorr
  0.99FRBPX Fidelity Advisor FreedomPairCorr
  0.99FRBQX Fidelity Flex FreedomPairCorr
  1.0FRBUX Fidelity Freedom IndexPairCorr
  1.0FRBVX Fidelity Freedom IndexPairCorr
  1.0FRBWX Fidelity Freedom IndexPairCorr
  0.92FRBYX Fidelity Freedom BlendPairCorr
  0.99FRBZX Fidelity Freedom BlendPairCorr
  0.93FRAMX Fidelity Income ReplPairCorr
  0.94FRASX Fidelity Income ReplPairCorr
  0.92FRCFX Fidelity Freedom BlendPairCorr
  0.99FRCHX Fidelity Freedom BlendPairCorr
  0.99FRCJX Fidelity Freedom BlendPairCorr
  0.99FRCKX Fidelity Freedom BlendPairCorr
  0.99FRCLX Fidelity Freedom BlendPairCorr
  0.99FRCNX Fidelity Freedom BlendPairCorr
  0.99FRCPX Fidelity Freedom BlendPairCorr
  1.0FRCQX Fidelity SustainablePairCorr
  1.0FRCRX Fidelity SustainablePairCorr
  1.0FRCVX Fidelity SustainablePairCorr
  1.0FRCWX Fidelity SustainablePairCorr
  1.0FRCYX Fidelity SustainablePairCorr
  0.95FRDCX Fidelity SustainablePairCorr
  1.0FRDDX Fidelity SustainablePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BBAX  0.62  0.18  0.16  0.42  0.41 
(0.69)
 1.31 
(1.00)
 4.17 
FELC  0.54 (0.01)(0.04) 0.08  0.69 
(0.55)
 1.02 
(1.20)
 3.57 
FIASX  0.47  0.15  0.10 (2.79) 0.21 
(0.56)
 1.17 
(0.79)
 2.41 
FICSX  0.45  0.12  0.14  0.42  0.08 
(0.53)
 1.17 
(0.67)
 2.45 
LMBS  0.08  0.02 (0.77) 2.07  0.00 
(0.10)
 0.16 
(0.10)
 0.44 
DFSV  0.85  0.15  0.19  0.22  0.55 
(1.05)
 2.65 
(1.40)
 5.75 
DFSD  0.07  0.01 (0.96) 0.50  0.00 
(0.09)
 0.17 
(0.10)
 0.40 
EFAV  0.42  0.14  0.17  0.60  0.00 
(0.50)
 0.94 
(0.67)
 2.66 
EWT  0.96  0.28  0.22  0.43  0.81 
(1.08)
 2.35 
(1.78)
 4.84 
XMHQ  0.75  0.03  0.04  0.12  0.64 
(0.93)
 1.90 
(1.33)
 3.78 

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