Equity Growth Correlations

RELSX Fund

USD 16.36 0.07 0.43%

The current 90-days correlation between Equity Growth Strategy and American Century High is -0.24 (i.e., Very 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 0.81 (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 state.

Moving together with Equity Mutual Fund

0.99	RALAX	Growth Strategy	Pair Corr
0.99	RALCX	Growth Strategy	Pair Corr
1.0	RALSX	Growth Strategy	Pair Corr
0.91	RALRX	Growth Strategy	Pair Corr
1.0	RALUX	Growth Strategy	Pair Corr
0.9	RALVX	Growth Strategy	Pair Corr
0.82	RSCRX	Us Small Cap	Pair Corr
0.9	RSECX	Us Strategic Equity	Pair Corr
0.9	RSEAX	Us Strategic Equity	Pair Corr
0.9	RSESX	Us Strategic Equity	Pair Corr
0.86	RSQAX	Us E Equity	Pair Corr
0.92	RBLCX	Balanced Strategy	Pair Corr
0.93	RBLAX	Balanced Strategy	Pair Corr
0.86	RBLUX	Balanced Strategy	Pair Corr
0.93	RBLSX	Balanced Strategy	Pair Corr
0.92	RBLVX	Balanced Strategy	Pair Corr
0.93	RBLRX	Balanced Strategy	Pair Corr
0.9	RTDAX	Multifactor Equity	Pair Corr
0.9	RTDCX	Multifactor Equity	Pair Corr
0.9	RTDYX	Select Equity	Pair Corr
0.9	RTDSX	Select Equity	Pair Corr
0.9	RTDRX	Select Equity	Pair Corr
0.9	RTDTX	Select Equity	Pair Corr

Moving against Equity Mutual Fund

0.49	RSBRX	Strategic Bond	Pair Corr
0.49	RSYTX	Strategic Bond	Pair Corr

Related Correlations Analysis

	ACHFX	HYSZX	NMHYX	VHYLX	MFHVX	FAGIX
ACHFX		0.96	0.94	0.9	0.81	0.81	ACHFX
HYSZX	0.96		0.92	0.85	0.75	0.72	HYSZX
NMHYX	0.94	0.92		0.91	0.87	0.85	NMHYX
VHYLX	0.9	0.85	0.91		0.8	0.78	VHYLX
MFHVX	0.81	0.75	0.87	0.8		0.95	MFHVX
FAGIX	0.81	0.72	0.85	0.78	0.95		FAGIX
	ACHFX	HYSZX	NMHYX	VHYLX	MFHVX	FAGIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACHFX	0.13	0.02	(0.59)	(0.99)	(0.21)	0.35	(0.23)	0.93
HYSZX	0.10	0.01	(0.72)	(0.46)	(0.20)	0.24	(0.24)	0.72
NMHYX	0.09	0.01	(0.73)	0.57	(0.16)	0.24	(0.23)	0.47
VHYLX	0.12	0.01	(0.53)	0.22	(0.19)	0.28	(0.14)	0.83
MFHVX	0.11	0.00	(0.51)	0.17	(0.16)	0.24	(0.12)	1.05
FAGIX	0.19	0.05	(0.24)	2.32	(0.26)	0.40	(0.29)	1.17

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