Aggressive Growth Correlations

UIAGX Fund

USD 71.25 0.63 0.88%

The current 90-days correlation between Aggressive Growth and Mirova Global Green is -0.12 (i.e., Good diversification). The correlation of Aggressive Growth 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.

Aggressive Growth Correlation With Market

Poor diversification

The correlation between Aggressive Growth Fund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth 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 Aggressive Growth 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 price.

Moving together with Aggressive Mutual Fund

0.84	UICGX	Capital Growth	Pair Corr
0.74	UIHIX	High Income Fund	Pair Corr
0.97	UIGIX	Growth Income	Pair Corr
0.99	UIGRX	Growth Fund Growth	Pair Corr
0.89	UIISX	Income Stock	Pair Corr
0.83	UISCX	Small Cap Stock	Pair Corr
0.9	UIVAX	Value Fund Value	Pair Corr
0.86	UIWGX	World Growth	Pair Corr
0.74	URHIX	High Income Fund	Pair Corr
0.99	URNQX	Nasdaq 100 Index	Pair Corr
0.74	URUSX	Ultra Short Term	Pair Corr
0.99	USPRX	Sp 500 Index	Pair Corr
0.93	UTMAX	Target Managed Allocation	Pair Corr
0.75	UUSIX	Ultra Short Term	Pair Corr
0.77	UGOFX	Global Managed Volatility	Pair Corr
0.99	FAFGX	American Funds	Pair Corr
0.99	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.99	GFAFX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.99	CGFFX	Growth Fund	Pair Corr
0.99	CGFCX	Growth Fund	Pair Corr
0.99	CGFAX	Growth Fund	Pair Corr
0.99	CGFEX	Growth Fund	Pair Corr
0.99	RGAEX	Growth Fund	Pair Corr

Moving against Aggressive Mutual Fund

0.78	UIGSX	Government Securities	Pair Corr
0.78	UIITX	Intermediate Term Bond	Pair Corr
0.77	URIBX	Intermediate Term Bond	Pair Corr
0.77	URGSX	Government Securities	Pair Corr
0.73	UIINX	Income Fund Income	Pair Corr
0.73	URIFX	Income Fund Income	Pair Corr
0.42	UIIFX	International Fund	Pair Corr
0.64	LIIAX	Columbia Porate Income	Pair Corr
0.62	SRINX	Columbia Porate Income	Pair Corr
0.55	CIFRX	Columbia Porate Income	Pair Corr

Related Correlations Analysis

	MGGNX	MGKAX	FSBCX	PAGLX	DSDYX	APDPX	DODWX	CABIX
MGGNX		0.12	0.33	0.11	0.73	-0.15	0.14	0.7	MGGNX
MGKAX	0.12		0.7	0.64	-0.2	0.39	0.35	0.37	MGKAX
FSBCX	0.33	0.7		0.89	-0.07	0.45	0.73	0.74	FSBCX
PAGLX	0.11	0.64	0.89		-0.41	0.74	0.67	0.52	PAGLX
DSDYX	0.73	-0.2	-0.07	-0.41		-0.75	-0.04	0.53	DSDYX
APDPX	-0.15	0.39	0.45	0.74	-0.75		0.16	-0.06	APDPX
DODWX	0.14	0.35	0.73	0.67	-0.04	0.16		0.69	DODWX
CABIX	0.7	0.37	0.74	0.52	0.53	-0.06	0.69		CABIX
	MGGNX	MGKAX	FSBCX	PAGLX	DSDYX	APDPX	DODWX	CABIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PAGLX	+ 0.89	FSBCX
CABIX	+ 0.74	FSBCX
APDPX	+ 0.74	PAGLX
DSDYX	+ 0.73	MGGNX
DODWX	+ 0.73	FSBCX
CABIX	+ 0.7	MGGNX

High negative correlations

APDPX	- 0.75	DSDYX
DSDYX	- 0.41	PAGLX
DSDYX	- 0.2	MGKAX
APDPX	- 0.15	MGGNX
DSDYX	- 0.07	FSBCX
CABIX	- 0.06	APDPX

Risk-Adjusted Indicators

There is a big difference between Aggressive Mutual Fund performing well and Aggressive Growth 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 Aggressive Growth'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
MGGNX	0.19	0.01	(0.36)	0.81	0.15	(0.24)	0.34	(0.34)	1.13
MGKAX	0.73	(0.06)	(0.10)	0.02	0.90	(0.69)	1.39	(1.20)	3.63
FSBCX	0.36	(0.04)	(0.19)	0.04	0.46	(0.37)	0.75	(0.85)	2.09
PAGLX	0.52	(0.03)	(0.09)	0.07	0.68	(0.55)	1.14	(1.28)	3.68
DSDYX	0.16	0.00	(0.61)	0.39	0.17	(0.18)	0.34	(0.24)	0.92
APDPX	0.10	0.03	(0.59)	19.80	0.00	(0.14)	0.20	(0.10)	0.40
DODWX	0.52	(0.08)	0.00	(0.02)	0.00	0.00	1.08	(1.09)	3.17
CABIX	0.31	(0.03)	(0.24)	0.03	0.37	(0.34)	0.57	(0.72)	1.86

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