Growth Portfolio Correlations

Mutual Funds . USA . 
Fund . Growth Portfolio Class
MSEGX Fund  USD 53.37  0.90  1.72%   
The current 90-days correlation between Growth Portfolio Class and Mid Cap Growth is 0.97 (i.e., Almost no diversification). The correlation of Growth Portfolio 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.

Growth Portfolio Correlation With Market

Significant diversification

The correlation between Growth Portfolio Class and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Portfolio Class and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Growth Portfolio Class. 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 Growth Mutual Fund

  0.76DINDX Global Fixed IncomePairCorr
  0.69DINCX Global Fixed IncomePairCorr
  0.81DINAX Global Fixed IncomePairCorr
  0.99MMCGX Mid Cap GrowthPairCorr
  0.88THYUX High Yield FundPairCorr
  0.75TIFUX International FixedPairCorr
  0.73MORGX Morgan Stanley MortgagePairCorr
  0.98MPAIX Advantage Portfolio ClassPairCorr
  0.99MPEGX Mid Cap GrowthPairCorr
  0.91MRHYX Msift High YieldPairCorr
  1.0MADSX Msif Advantage PortPairCorr
  0.99MACGX Mid Cap GrowthPairCorr

Moving against Growth Mutual Fund

  0.76TEMUX Emerging Markets EquityPairCorr
  0.7MMKBX Emerging Markets PorPairCorr
  0.7MMMPX Msif Emerging MarketsPairCorr
  0.81TIEUX International EquityPairCorr
  0.7MRGEX Msif Emerging MarketsPairCorr
  0.66MRJCX Real Assets PortfolioPairCorr
  0.65MRJAX Real Assets PortfolioPairCorr
  0.65MRJIX Real Assets PortfolioPairCorr
  0.38TILUX Inflation Linked FixedPairCorr
  0.65MRJSX Real Assets PortfolioPairCorr
  0.64MAIJX Morgan Stanley InstiPairCorr
  0.64MAIHX Morgan Stanley InstiPairCorr
  0.64MSBEX Morgan Stanley InstiPairCorr
  0.64MSBKX Morgan Stanley InstiPairCorr
  0.63MSBDX Morgan Stanley InstiPairCorr
  0.63MSBPX Morgan Stanley InstiPairCorr
  0.54MAAQX Morgan Stanley InstiPairCorr

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 Portfolio 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 Portfolio'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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