Growth Opportunities Correlations

TGVYX Fund

USD 56.53 0.11 0.19%

The correlation of Growth Opportunities 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 Opportunities Correlation With Market

Poor diversification

The correlation between Growth Opportunities Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Opportunities Fund 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 Opportunities Fund. 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 manufacturing.

Moving together with Growth Mutual Fund

0.93	TVOYX	Touchstone Small Cap	Pair Corr
0.95	TEGAX	Mid Cap Growth	Pair Corr
0.98	TEGIX	Mid Cap Growth	Pair Corr
0.98	TEGYX	Mid Cap Growth	Pair Corr
0.85	SAGWX	Sentinel Small Pany	Pair Corr
0.89	SSCOX	Sentinel Small Pany	Pair Corr
0.92	TFCCX	Touchstone Large Cap	Pair Corr
0.9	SSRRX	Sentinel Small	Pair Corr
0.98	TFFCX	Touchstone Focused	Pair Corr
0.98	TFFIX	Touchstone Focused	Pair Corr
0.73	SSSGX	Sentinel Low Duration	Pair Corr
0.98	TFFYX	Touchstone Focused	Pair Corr
0.92	SBACX	Sentinel Balanced	Pair Corr
0.98	TFOAX	Touchstone Focused	Pair Corr
0.98	CFSIX	Touchstone Sands Capital	Pair Corr
1.0	TGVCX	Growth Opportunities	Pair Corr
1.0	TGVFX	Growth Opportunities	Pair Corr
1.0	TGVVX	Growth Opportunities	Pair Corr
0.93	SCRLX	Sentinel Mon Stock	Pair Corr
0.98	SCSCX	Sentinel Mon Stock	Pair Corr
0.68	THIYX	High Yield Fund	Pair Corr
0.64	THYCX	High Yield Fund	Pair Corr
0.65	THYAX	High Yield Fund	Pair Corr
0.68	THYYX	High Yield Fund	Pair Corr
0.85	TICSX	Touchstone Small Pany	Pair Corr
0.88	SEBLX	Sentinel Balanced	Pair Corr
0.93	SENCX	Sentinel Mon Stock	Pair Corr
0.98	CISGX	Touchstone Sands Capital	Pair Corr
0.93	TLCIX	Touchstone Large Cap	Pair Corr
0.93	TLCYX	Touchstone Large Cap	Pair Corr
0.98	TLGYX	Touchstone Large Pany	Pair Corr

Moving against Growth Mutual Fund

0.57	FRACX	Touchstone Flexible	Pair Corr
0.78	TIMPX	Touchstone Funds	Pair Corr
0.47	TFSLX	Touchstone Flexible	Pair Corr
0.46	FFSAX	Touchstone Flexible	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	AAEVX	RRTLX
444859BR2		0.0	0.21	-0.63	-0.02	-0.58	0.24	-0.31	-0.73	-0.49	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.21	0.0		-0.51	-0.43	-0.41	-0.02	0.09	-0.38	-0.5	BRRAY
MSTSX	-0.63	0.0	-0.51		0.33	0.69	0.02	-0.12	0.86	0.88	MSTSX
ABHYX	-0.02	0.0	-0.43	0.33		0.56	-0.02	-0.22	0.12	0.45	ABHYX
LBHIX	-0.58	0.0	-0.41	0.69	0.56		-0.21	0.13	0.68	0.71	LBHIX
SCAXF	0.24	0.0	-0.02	0.02	-0.02	-0.21		-0.75	-0.32	-0.01	SCAXF
VIASP	-0.31	0.0	0.09	-0.12	-0.22	0.13	-0.75		0.31	-0.04	VIASP
AAEVX	-0.73	0.0	-0.38	0.86	0.12	0.68	-0.32	0.31		0.84	AAEVX
RRTLX	-0.49	0.0	-0.5	0.88	0.45	0.71	-0.01	-0.04	0.84		RRTLX
	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP	AAEVX	RRTLX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RRTLX	+ 0.88	MSTSX
AAEVX	+ 0.86	MSTSX
RRTLX	+ 0.84	AAEVX
RRTLX	+ 0.71	LBHIX
LBHIX	+ 0.69	MSTSX
AAEVX	+ 0.68	LBHIX

High negative correlations

VIASP	- 0.75	SCAXF
AAEVX	- 0.73	444859BR2
MSTSX	- 0.63	444859BR2
LBHIX	- 0.58	444859BR2
MSTSX	- 0.51	BRRAY
RRTLX	- 0.5	BRRAY

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Opportunities 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 Opportunities' 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
444859BR2	1.31	(0.03)	0.00	0.36	0.00	0.00	5.93	(4.50)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.11)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	0.04	(0.11)	(0.30)	0.52	(0.59)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.20)	0.08	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.32)	0.44	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.11	0.01	(3.65)	1.04	(0.83)	2.28	(1.15)	7.18
AAEVX	0.51	0.06	(0.07)	(0.73)	0.55	(0.61)	1.07	(0.77)	3.24
RRTLX	0.24	0.00	(0.27)	0.99	0.26	(0.27)	0.56	(0.56)	1.37

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC