Growth Strategy Correlations

RALUX Fund

USD 12.92 0.05 0.39%

The current 90-days correlation between Growth Strategy and American Funds The is 0.87 (i.e., Very poor diversification). The correlation of Growth Strategy 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 Strategy Correlation With Market

Good diversification

The correlation between Growth Strategy Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Strategy Fund 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 Growth Strategy 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 employment.

Moving together with Growth Mutual Fund

0.89	RALAX	Growth Strategy	Pair Corr
0.88	RALCX	Growth Strategy	Pair Corr
0.89	RALSX	Growth Strategy	Pair Corr
0.99	RALRX	Growth Strategy	Pair Corr
0.89	RALVX	Growth Strategy	Pair Corr
0.78	RSCRX	Us Small Cap	Pair Corr
0.82	RSECX	Us Strategic Equity	Pair Corr
0.82	RSEAX	Us Strategic Equity	Pair Corr
0.82	RSESX	Us Strategic Equity	Pair Corr
0.68	RAZAX	Multi Asset Growth	Pair Corr
0.81	RSQAX	Us E Equity	Pair Corr
0.93	RBLCX	Balanced Strategy	Pair Corr
0.82	RBLAX	Balanced Strategy	Pair Corr
0.88	RBLUX	Balanced Strategy	Pair Corr
0.85	RBLSX	Balanced Strategy	Pair Corr
0.94	RBLVX	Balanced Strategy	Pair Corr
0.82	RBLRX	Balanced Strategy	Pair Corr
0.82	RTDAX	Multifactor Equity	Pair Corr
0.82	RTDCX	Multifactor Equity	Pair Corr
0.82	RTDYX	Select Equity	Pair Corr
0.82	RTDSX	Select Equity	Pair Corr
0.82	RTDRX	Select Equity	Pair Corr
0.82	RTDTX	Select Equity	Pair Corr

Moving against Growth Mutual Fund

0.48	RSBRX	Strategic Bond	Pair Corr
0.47	RSYTX	Strategic Bond	Pair Corr

Related Correlations Analysis

	FFIFX	FAIFX	IFAFX	AMECX	CIMEX	RIDFX	CIMCX	CIMFX
FFIFX		1.0	1.0	1.0	0.93	0.93	1.0	0.93	FFIFX
FAIFX	1.0		1.0	1.0	0.93	0.93	1.0	0.93	FAIFX
IFAFX	1.0	1.0		1.0	0.93	0.93	1.0	0.93	IFAFX
AMECX	1.0	1.0	1.0		0.93	0.93	1.0	0.93	AMECX
CIMEX	0.93	0.93	0.93	0.93		1.0	0.93	1.0	CIMEX
RIDFX	0.93	0.93	0.93	0.93	1.0		0.93	1.0	RIDFX
CIMCX	1.0	1.0	1.0	1.0	0.93	0.93		0.93	CIMCX
CIMFX	0.93	0.93	0.93	0.93	1.0	1.0	0.93		CIMFX
	FFIFX	FAIFX	IFAFX	AMECX	CIMEX	RIDFX	CIMCX	CIMFX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Strategy 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 Strategy'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FFIFX	0.32	0.03	(0.17)	(1.53)	0.32	(0.35)	0.74	(0.72)	1.89
FAIFX	0.32	0.03	(0.17)	(1.48)	0.32	(0.35)	0.70	(0.72)	1.97
IFAFX	0.32	0.03	(0.17)	(1.58)	0.32	(0.35)	0.70	(0.73)	1.98
AMECX	0.32	0.03	(0.17)	(1.50)	0.32	(0.35)	0.70	(0.72)	2.01
CIMEX	0.32	(0.01)	(0.16)	0.08	0.32	(0.36)	0.71	(0.73)	1.98
RIDFX	0.32	(0.01)	(0.16)	0.08	0.31	(0.36)	0.70	(0.72)	1.97
CIMCX	0.32	0.03	(0.18)	(1.36)	0.34	(0.35)	0.70	(0.73)	2.02
CIMFX	0.32	(0.01)	(0.16)	0.08	0.31	(0.36)	0.74	(0.71)	1.98

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