Growth Fund Correlations

TCRAX Fund

USD 55.55 0.10 0.18%

The current 90-days correlation between Growth Fund A and Simt High Yield is 0.07 (i.e., Significant 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 A and DJI is 0.46 (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 A and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Growth Fund A. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Growth Mutual Fund

0.91	FAFGX	American Funds	Pair Corr
0.91	FFAFX	American Funds	Pair Corr
0.9	GFACX	Growth Fund	Pair Corr
0.82	GFAFX	Growth Fund	Pair Corr
0.91	CGFFX	Growth Fund	Pair Corr
0.9	CGFCX	Growth Fund	Pair Corr
0.91	CGFAX	Growth Fund	Pair Corr
0.91	CGFEX	Growth Fund	Pair Corr
0.91	RGAEX	Growth Fund	Pair Corr
0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.63	VFIAX	Vanguard 500 Index	Pair Corr
0.68	VTSMX	Vanguard Total Stock	Pair Corr
0.68	VSMPX	Vanguard Total Stock	Pair Corr
0.68	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VITSX	Vanguard Total Stock	Pair Corr
0.63	VFINX	Vanguard 500 Index	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.62	VGTSX	Vanguard Total Inter	Pair Corr
0.62	VTIAX	Vanguard Total Inter	Pair Corr
0.66	VZ	Verizon Communications	Pair Corr
0.61	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.61	PG	Procter Gamble	Pair Corr

Moving against Growth Mutual Fund

0.34

Boeing

Pair Corr

Related Correlations Analysis

	SEIYX	NMHYX	LSYFX	ACHFX	FAGIX	JYHRX	FPIOX
SEIYX		0.81	0.8	0.95	0.68	0.74	0.97	SEIYX
NMHYX	0.81		0.86	0.8	0.89	0.92	0.83	NMHYX
LSYFX	0.8	0.86		0.82	0.87	0.88	0.85	LSYFX
ACHFX	0.95	0.8	0.82		0.74	0.8	0.98	ACHFX
FAGIX	0.68	0.89	0.87	0.74		0.93	0.76	FAGIX
JYHRX	0.74	0.92	0.88	0.8	0.93		0.82	JYHRX
FPIOX	0.97	0.83	0.85	0.98	0.76	0.82		FPIOX
	SEIYX	NMHYX	LSYFX	ACHFX	FAGIX	JYHRX	FPIOX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEIYX	0.15	0.02	(0.28)	0.88	0.00	(0.27)	0.39	(0.20)	1.18
NMHYX	0.11	0.01	(0.31)	0.35	0.00	(0.15)	0.24	(0.24)	0.72
LSYFX	0.14	0.02	(0.30)	0.37	0.00	(0.22)	0.41	(0.20)	1.43
ACHFX	0.15	0.01	(0.29)	0.82	0.03	(0.21)	0.46	(0.35)	1.39
FAGIX	0.30	0.02	(0.10)	0.18	0.35	(0.33)	0.59	(0.39)	2.24
JYHRX	0.13	0.01	(0.29)	0.19	0.00	(0.19)	0.31	(0.30)	1.07
FPIOX	0.15	0.02	(0.28)	0.54	0.00	(0.24)	0.57	(0.23)	1.04

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