Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Strategy
RELSX Fund  USD 17.83  0.13  0.73%   
The current 90-days correlation between Equity Growth Strategy and T Rowe Price is 0.65 (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 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 producer price index.

Moving together with Equity Mutual Fund

  0.97RNTTX International DevelopedPairCorr
  0.71RREAX Global Real EstatePairCorr
  0.72RREYX Global Real EstatePairCorr
  0.72RRESX Global Real EstatePairCorr
  0.7RRSCX Global Real EstatePairCorr
  0.72RRSRX Global Real EstatePairCorr
  0.98RALAX Growth StrategyPairCorr
  1.0RALRX Growth StrategyPairCorr
  0.71RSBRX Strategic BondPairCorr
  0.95RSCRX Us Small CapPairCorr
  0.95RSECX Us Strategic EquityPairCorr
  0.98RSQAX Us E EquityPairCorr
  0.87RBCUX Tax Exempt BondPairCorr
  0.7RSYTX Strategic BondPairCorr
  1.0RBLCX Balanced StrategyPairCorr
  1.0RBLVX Balanced StrategyPairCorr
  0.96RTDAX Multifactor EquityPairCorr
  0.96RTDCX Multifactor EquityPairCorr
  0.96RTDYX Select EquityPairCorr
  0.94RTDSX Select EquityPairCorr
  0.96RTDTX Select EquityPairCorr
  0.86RTEAX Tax Exempt BondPairCorr
  0.66RTHAX Tax Exempt HighPairCorr
  0.7RTHSX Tax Exempt HighPairCorr
  0.93RTISX Select InternationalPairCorr
  0.93RTIUX Tax-managed InternationalPairCorr
  0.73RTLCX Tax Managed LargePairCorr
  0.75RTLAX Tax Managed LargePairCorr
  0.93RTNSX Tax-managed InternationalPairCorr
  0.79RTMTX Tax Managed LargePairCorr
  0.93RTNCX Tax-managed InternationalPairCorr
  0.87RTOUX Tax Managed MidPairCorr
  0.86RTSCX Tax Managed MidPairCorr
  0.86RTSAX Tax Managed MidPairCorr
  0.79RTXSX Russell Investment TaxPairCorr
  0.9RCLRX Conservative StrategyPairCorr
  0.89RDBRX Short Duration BondPairCorr
  0.95REBYX Us Small CapPairCorr
  0.98REAAX Equity Growth StrategyPairCorr

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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