Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
RGACX Fund  USD 76.30  0.50  0.66%   
The current 90-days correlation between Growth Fund and Fidelity Advisor Energy is 0.35 (i.e., 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 0.17 (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 main economic indicators.

Moving together with Growth Mutual Fund

  0.79AMECX Income FundPairCorr
  0.67RNEBX New World FundPairCorr
  0.81AMFCX American MutualPairCorr
  0.81AMFFX American MutualPairCorr
  0.85RNCCX American Funds IncomePairCorr
  0.8AMEFX Income FundPairCorr
  0.91RNGGX New Economy FundPairCorr
  0.91RNGFX New Economy FundPairCorr
  0.91RNGHX New Economy FundPairCorr
  0.89RNGBX New Economy FundPairCorr
  0.89RNGAX New Economy FundPairCorr
  0.91RNGEX New Economy FundPairCorr
  0.91RNGCX New Economy FundPairCorr
  0.73AMHIX American High IncomePairCorr
  0.76TEBCX Tax Exempt BondPairCorr
  0.74TECCX Tax Exempt FundPairCorr
  0.73TEAFX Tax Exempt BondPairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.72TECFX Tax Exempt FundPairCorr
  0.71TEFEX Tax Exempt FundPairCorr
  0.9RNNEX New Economy FundPairCorr
  0.9CDJAX American Funds CollegePairCorr
  0.95AMPCX Amcap Fund ClassPairCorr
  0.96AMPFX Amcap Fund ClassPairCorr
  0.93RNPBX New PerspectivePairCorr
  0.93RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.93RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.81AMRMX American MutualPairCorr
  0.82AMRFX American MutualPairCorr
  0.76RNRPX American Funds RetirementPairCorr
  0.62AMUSX Us Government SecuritiesPairCorr
  0.73TEPCX American Funds TaxPairCorr
  0.63TEPAX American Funds TaxPairCorr
  0.63TEPFX American Funds TaxPairCorr
  0.67RNWFX 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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