Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
RGAHX Fund  USD 75.93  0.86  1.15%   
The current 90-days correlation between Growth Fund and Nuveen Strategic Municipal is 0.1 (i.e., Average 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

Poor diversification

The correlation between Growth Fund Of and DJI is 0.61 (i.e., 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 rate.

Moving together with Growth Mutual Fund

  0.81AMECX Income FundPairCorr
  0.82AMFCX American MutualPairCorr
  0.78AMFFX American MutualPairCorr
  0.79RNCCX American Funds IncomePairCorr
  0.81AMEFX Income FundPairCorr
  0.81RNGGX New Economy FundPairCorr
  0.91RNGFX New Economy FundPairCorr
  0.91RNGHX New Economy FundPairCorr
  0.81RNGBX New Economy FundPairCorr
  0.9RNGAX New Economy FundPairCorr
  0.91RNGEX New Economy FundPairCorr
  0.91RNGCX New Economy FundPairCorr
  0.7AMHIX American High IncomePairCorr
  0.76TEBCX Tax Exempt BondPairCorr
  0.72TECCX Tax Exempt FundPairCorr
  0.75TEAFX Tax Exempt BondPairCorr
  0.8FPTPX American Funds ConsePairCorr
  0.65TECFX Tax Exempt FundPairCorr
  0.69TEFEX Tax Exempt FundPairCorr
  0.91RNNEX New Economy FundPairCorr
  0.82CDJAX American Funds CollegePairCorr
  0.95AMPCX Amcap Fund ClassPairCorr
  0.94AMPFX Amcap Fund ClassPairCorr
  0.81RNPBX New PerspectivePairCorr
  0.81RNPAX New PerspectivePairCorr
  0.81RNPHX New PerspectivePairCorr
  0.81RNPGX New PerspectivePairCorr
  0.81RNPCX New PerspectivePairCorr
  0.81RNPFX New PerspectivePairCorr
  0.81RNPEX New PerspectivePairCorr
  0.83AMRMX American MutualPairCorr
  0.83AMRFX American MutualPairCorr
  0.73RNRPX American Funds RetirementPairCorr
  0.72TEPCX American Funds TaxPairCorr

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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