Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Strategy
RELSX Fund  USD 17.53  0.31  1.74%   
The current 90-days correlation between Equity Growth Strategy and Gmo Resources is -0.03 (i.e., Good 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 poor diversification

The correlation between Equity Growth Strategy and DJI is 0.88 (i.e., Very poor 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

  0.92RNTTX International DevelopedPairCorr
  0.83RREAX Global Real EstatePairCorr
  0.85RREYX Global Real EstatePairCorr
  0.85RRESX Global Real EstatePairCorr
  0.84RRSCX Global Real EstatePairCorr
  0.85RRSRX Global Real EstatePairCorr
  0.97RALAX Growth StrategyPairCorr
  1.0RALCX Growth StrategyPairCorr
  1.0RALSX Growth StrategyPairCorr
  1.0RALRX Growth StrategyPairCorr
  0.89RALVX Growth StrategyPairCorr
  0.77RSBRX Strategic BondPairCorr
  0.93RSBTX Short Duration BondPairCorr
  0.93RSBYX Short Duration BondPairCorr
  0.91RSCRX Us Small CapPairCorr
  0.91RSBCX Short Duration BondPairCorr
  0.93RSDTX Short Duration BondPairCorr
  0.98RAZAX Multi Asset GrowthPairCorr
  0.98RAZCX Multi Asset GrowthPairCorr
  0.97RSQAX Us E EquityPairCorr
  0.94RBCUX Tax Exempt BondPairCorr
  0.78RSYTX Strategic BondPairCorr
  1.0RBLCX Balanced StrategyPairCorr
  1.0RBLAX Balanced StrategyPairCorr
  1.0RBLSX Balanced StrategyPairCorr
  0.93RBLVX Balanced StrategyPairCorr
  1.0RBLRX Balanced StrategyPairCorr
  0.72RTDAX Multifactor EquityPairCorr
  0.72RTDCX Multifactor EquityPairCorr
  0.75RTDYX Select EquityPairCorr
  0.72RTDSX Select EquityPairCorr
  0.72RTDRX Select EquityPairCorr
  0.72RTDTX Select EquityPairCorr
  0.93RTEAX Tax Exempt BondPairCorr
  0.94RTECX Tax Exempt BondPairCorr
  0.9RTHAX Tax Exempt HighPairCorr
  0.89RTHCX Tax Exempt HighPairCorr

Related Correlations Analysis


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.

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