Aggressive Growth Correlations

Mutual Funds . USA . 
Fund . Aggressive Growth Portfolio
PAGHX Fund  USD 101.70  1.01  1.00%   
The current 90-days correlation between Aggressive Growth and Great West Loomis Sayles is 0.62 (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

Poor diversification

The correlation between Aggressive Growth Portfolio and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth Portfolio and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aggressive Growth Portfolio. 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 rate.

Moving together with Aggressive Mutual Fund

  0.97PRPHX Permanent Portfolio ClassPairCorr
  0.97PRPDX Permanent Portfolio ClassPairCorr
  0.97PRPFX Permanent Portfolio ClassPairCorr
  1.0PAGDX Aggressive GrowthPairCorr
  1.0PAGRX Aggressive GrowthPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.7FIKAX Fidelity Advisor EnergyPairCorr
  0.8DFMGX Df Dent MidcapPairCorr
  0.96LGWIX Ladenburg GrowthPairCorr
  0.99CSQ Calamos Strategic TotalPairCorr
  0.94IMOPX Voya Midcap OpportunitiesPairCorr
  0.9VEXRX Vanguard ExplorerPairCorr
  0.91BALFX American BalancedPairCorr
  0.87PCF Putnam High IncomePairCorr
  0.95WCPSX Mobile TelecommunicatioPairCorr
  0.94VSEQX Vanguard Strategic EquityPairCorr
  0.86AMECX Income FundPairCorr
  0.83FHCOX Federated Hermes ConPairCorr
  0.84FAIGX Fidelity Advisor BalancedPairCorr
  0.62FCWRX Templeton China WorldPairCorr

Moving against Aggressive Mutual Fund

  0.71PFHCX Pacific Funds SmallPairCorr
  0.32NHS Neuberger Berman HighPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY