Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Strategy
RELCX Fund  USD 13.50  0.09  0.66%   
The current 90-days correlation between Equity Growth Strategy and International Developed Markets is 0.73 (i.e., Poor diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Very weak diversification

The correlation between Equity Growth Strategy and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Growth Strategy 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 Equity Growth Strategy. 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 main economic indicators.

Moving together with Equity Mutual Fund

  0.71RNTTX International DevelopedPairCorr
  0.83RALAX Growth StrategyPairCorr
  0.91RALCX Growth StrategyPairCorr
  0.83RALSX Growth StrategyPairCorr
  0.94RALRX Growth StrategyPairCorr
  0.93RALVX Growth StrategyPairCorr
  0.76RSBRX Strategic BondPairCorr
  0.65RSCRX Us Small CapPairCorr
  0.66RSECX Us Strategic EquityPairCorr
  0.67RSESX Us Strategic EquityPairCorr
  0.91RAZAX Multi Asset GrowthPairCorr
  0.89RAZCX Multi Asset GrowthPairCorr
  0.68RBCUX Tax Exempt BondPairCorr
  0.76RSYTX Strategic BondPairCorr
  0.88RBLCX Balanced StrategyPairCorr
  1.0RBLAX Balanced StrategyPairCorr
  1.0RBLSX Balanced StrategyPairCorr
  0.88RBLVX Balanced StrategyPairCorr
  0.99RBLRX Balanced StrategyPairCorr
  0.67RTEAX Tax Exempt BondPairCorr
  0.66RTECX Tax Exempt BondPairCorr
  0.66RTHAX Tax Exempt HighPairCorr
  0.66RTHCX Tax Exempt HighPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity 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 Equity 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
RNTTX  0.53 (0.03)(0.10)(0.02) 0.73 
(0.54)
 1.19 
(1.20)
 3.57 
RREAX  0.73 (0.12) 0.00 (0.23) 0.00 
 0.00 
 1.33 
(1.67)
 4.52 
RREYX  0.74 (0.12) 0.00 (0.23) 0.00 
 0.00 
 1.35 
(1.68)
 4.56 
RRESX  0.74 (0.12) 0.00 (0.23) 0.00 
 0.00 
 1.35 
(1.64)
 4.49 
RRSCX  0.74 (0.12) 0.00 (0.24) 0.00 
 0.00 
 1.37 
(1.70)
 4.56 
RRSRX  0.73 (0.12) 0.00 (0.23) 0.00 
 0.00 
 1.35 
(1.68)
 4.52 
RALAX  0.45  0.01 (0.08)(2.03) 0.70 
(0.44)
 1.03 
(0.86)
 3.65 
RALCX  0.44 (0.01)(0.08) 0.02  0.68 
(0.46)
 1.03 
(0.84)
 3.69 
RALSX  0.44  0.01 (0.08)(2.22) 0.66 
(0.45)
 1.00 
(0.83)
 3.63 
RALRX  0.44 (0.02)(0.09) 0.00  0.68 
(0.44)
 1.00 
(0.83)
 3.62 

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