Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
RGACX Fund  USD 79.76  0.58  0.73%   
The current 90-days correlation between Growth Fund and Vanguard Small Cap Value is 0.73 (i.e., Poor 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

Very poor diversification

The correlation between Growth Fund Of and DJI is 0.8 (i.e., Very poor 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 main economic indicators.

Moving together with Growth Mutual Fund

  0.87AMECX Income FundPairCorr
  0.86AMFCX American MutualPairCorr
  0.87AMFFX American MutualPairCorr
  0.62RNCCX American Funds IncomePairCorr
  0.88AMEFX Income FundPairCorr
  0.92RNGGX New Economy FundPairCorr
  0.96RNGFX New Economy FundPairCorr
  0.92RNGHX New Economy FundPairCorr
  0.95RNGBX New Economy FundPairCorr
  0.95RNGAX New Economy FundPairCorr
  0.95RNGEX New Economy FundPairCorr
  0.95RNGCX New Economy FundPairCorr
  0.63FPTPX American Funds ConsePairCorr
  0.92RNNEX New Economy FundPairCorr
  0.88CDJAX American Funds CollegePairCorr
  0.98AMPCX Amcap Fund ClassPairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.82RNPBX New PerspectivePairCorr
  0.82RNPAX New PerspectivePairCorr
  0.84RNPHX New PerspectivePairCorr
  0.84RNPGX New PerspectivePairCorr
  0.83RNPCX New PerspectivePairCorr
  0.84RNPFX New PerspectivePairCorr
  0.83RNPEX New PerspectivePairCorr
  0.91AMRMX American MutualPairCorr
  0.87AMRFX American MutualPairCorr

Moving against Growth Mutual Fund

  0.57FPPPX American Funds PresePairCorr
  0.32TECCX Tax Exempt FundPairCorr
  0.77AMUSX Us Government SecuritiesPairCorr
  0.76ANBEX American Funds StrategicPairCorr
  0.76ANBFX American Funds StrategicPairCorr
  0.76ANBAX American Funds StrategicPairCorr
  0.76ANBCX American Funds StrategicPairCorr
  0.75ANBGX American Funds StrategicPairCorr

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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