Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
RGAEX Fund  USD 80.19  0.07  0.09%   
The current 90-days correlation between Growth Fund and Dimensional 2010 Target is 0.64 (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 0.81 (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 income.

Moving together with Growth Mutual Fund

  0.9WSHFX Washington MutualPairCorr
  0.88REMTX American Funds 2060PairCorr
  0.94RWMGX Washington MutualPairCorr
  0.96RGAGX Growth FundPairCorr
  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.96GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  0.96CGFCX Growth FundPairCorr
  0.96CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  0.65WHIYX Ivy High IncomePairCorr
  0.7IVHIX Ivy High IncomePairCorr
  0.68IHIFX Ivy High IncomePairCorr
  0.65WRHIX Ivy High IncomePairCorr
  0.65WHIAX Ivy High IncomePairCorr
  0.86HPQ HP IncPairCorr
  0.7XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.69T ATT Inc Aggressive PushPairCorr
  0.93INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.82BAC Bank of America Aggressive PushPairCorr
  0.95CSCO Cisco SystemsPairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.77DIS Walt Disney Aggressive PushPairCorr

Moving against Growth Mutual Fund

  0.81MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.72KO Coca Cola Aggressive PushPairCorr

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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