Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
RGEBX Fund  USD 73.84  0.83  1.14%   
The current 90-days correlation between Growth Fund and Enhanced Fixed Income is 0.15 (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

Very weak diversification

The correlation between Growth Fund Of and DJI is 0.59 (i.e., Very weak 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 bureau of labor statistics.

Moving together with Growth Mutual Fund

  0.72RNEBX New World FundPairCorr
  0.78AMFCX American MutualPairCorr
  0.78AMFFX American MutualPairCorr
  0.9RNCCX American Funds IncomePairCorr
  0.93RNGFX New Economy FundPairCorr
  0.66AMHIX American High IncomePairCorr
  0.76TECCX Tax Exempt FundPairCorr
  0.75FPTPX American Funds ConsePairCorr
  0.73TECFX Tax Exempt FundPairCorr
  0.92RNNEX New Economy FundPairCorr
  0.96AMPCX Amcap Fund ClassPairCorr
  0.97AMPFX Amcap Fund ClassPairCorr
  0.94RNPAX New PerspectivePairCorr
  0.78AMRMX American MutualPairCorr
  0.85AMRFX American MutualPairCorr
  0.71AMUSX Us Government SecuritiesPairCorr
  0.65TEPFX American Funds TaxPairCorr
  0.9ANFCX New Economy FundPairCorr
  0.94NPFFX New PerspectivePairCorr
  0.67CENEX American Funds LegePairCorr
  0.68CENFX American Funds LegePairCorr
  0.89BALFX American BalancedPairCorr
  0.89BALCX American BalancedPairCorr
  0.94WSHFX Washington MutualPairCorr
  0.8CEUEX Europacific GrowthPairCorr
  0.94RPEBX New PerspectivePairCorr
  0.77CFAAX Bond FundPairCorr
  0.91FAETX American Funds 2030PairCorr
  0.69WBFFX Capital World BondPairCorr
  1.0GFAFX Growth FundPairCorr
  0.92SCWFX Smallcap WorldPairCorr
  0.89FBAFX American Funds AmericanPairCorr
  0.89FBONX American Funds AmericanPairCorr
  0.71CGTEX Us Government SecuritiesPairCorr
  0.66RRPPX American Funds RetirementPairCorr

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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