Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
RGAAX Fund  USD 68.65  0.27  0.39%   
The current 90-days correlation between Growth Fund and Europacific Growth Fund is 0.5 (i.e., Very weak diversification). The correlation of Growth Fund 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 Fund Correlation With Market

Average diversification

The correlation between Growth Fund Of and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of 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 Fund Of. 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 nation.

Moving together with Growth Mutual Fund

  0.84AMECX Income FundPairCorr
  0.78RNEBX New World FundPairCorr
  0.9AMFCX American MutualPairCorr
  0.91AMFFX American MutualPairCorr
  0.88RNCCX American Funds IncomePairCorr
  0.84AMEFX Income FundPairCorr
  0.95RNGGX New Economy FundPairCorr
  0.94RNGFX New Economy FundPairCorr
  0.94RNGHX New Economy FundPairCorr
  0.93RNGBX New Economy FundPairCorr
  0.93RNGAX New Economy FundPairCorr
  0.94RNGEX New Economy FundPairCorr
  0.95RNGCX New Economy FundPairCorr
  0.73AMHIX American High IncomePairCorr
  0.77TEBCX Tax Exempt BondPairCorr
  0.75TECCX Tax Exempt FundPairCorr
  0.72TEAFX Tax Exempt BondPairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.72TECFX Tax Exempt FundPairCorr
  0.71TEFEX Tax Exempt FundPairCorr
  0.94RNNEX New Economy FundPairCorr
  0.84CDJAX American Funds CollegePairCorr
  0.97AMPCX Amcap Fund ClassPairCorr
  0.96AMPFX Amcap Fund ClassPairCorr
  0.94RNPBX New PerspectivePairCorr
  0.94RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.94RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.87AMRMX American MutualPairCorr
  0.88AMRFX American MutualPairCorr
  0.66RNRPX American Funds RetirementPairCorr
  0.71AMUSX Us Government SecuritiesPairCorr
  0.7TEPCX American Funds TaxPairCorr
  0.78RNWFX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Fund 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 Fund'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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