Growth Allocation Correlations

Mutual Funds . USA . 
Fund . Growth Allocation Fund
GGRYX Fund  USD 13.38  0.05  0.38%   
The current 90-days correlation between Growth Allocation and Auer Growth Fund is 0.06 (i.e., Significant diversification). The correlation of Growth Allocation 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Growth Allocation 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 manufacturing.

Moving together with Growth Mutual Fund

  0.91GCOZX Growth AllocationPairCorr
  0.85GDMYX Defensive Market StrPairCorr
  0.9GDMZX Defensive Market StrPairCorr
  0.83GVEYX Value Equity InstituPairCorr
  0.87GVEZX Value Equity InvestorPairCorr
  0.81GVIYX Guidestone Value EquityPairCorr
  0.81GVIZX Guidestone Value EquityPairCorr
  0.83GEIYX Guidestone Growth EquityPairCorr
  0.83GEIZX Guidestone Growth EquityPairCorr
  0.64GEMYX Emerging Markets EquityPairCorr
  0.71GEMZX Emerging Markets EquityPairCorr
  0.83GEQYX Equity Index InstituPairCorr
  0.83GEQZX Equity Index InvestorPairCorr
  0.74GFIZX Conservative AllocationPairCorr
  0.91GGBZX Aggressive AllocationPairCorr
  0.79GGEYX Guidestone Fds GrowthPairCorr
  0.79GGEZX Growth Equity InvestorPairCorr
  0.92GGIZX Balanced AllocationPairCorr
  0.9GMFZX Mydestination 2045PairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  0.99GMGZX Mydestination 2055PairCorr
  0.8GMTYX Mydestination 2015PairCorr
  0.64GMTZX Mydestination 2015PairCorr
  0.79GMWYX Mydestination 2025PairCorr
  0.9GMWZX Mydestination 2025PairCorr

Moving against Growth Mutual Fund

  0.36GGBEX Global Bond FundPairCorr
  0.35GGBFX Global Bond FundPairCorr
  0.46GMDZX Medium Duration BondPairCorr
  0.44GMDYX Medium Duration BondPairCorr
  0.41GMBYX Guidestone FundsPairCorr
  0.41GMBZX Guidestone FundsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Allocation 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 Growth Allocation'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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