Growth Income Correlations

UIGIX Fund

USD 25.92 0.31 1.18%

The current 90-days correlation between Growth Income and Fidelity Advisor Financial is 0.4 (i.e., Very weak diversification). The correlation of Growth Income 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 Income Correlation With Market

Almost no diversification

The correlation between Growth Income Fund and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Income 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 Income 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 gross domestic product.

Moving together with Growth Mutual Fund

1.0	UICGX	Capital Growth	Pair Corr
0.9	UIEMX	Emerging Markets	Pair Corr
0.9	UIHIX	High Income Fund	Pair Corr
0.98	UIIFX	International Fund	Pair Corr
0.73	UIGSX	Government Securities	Pair Corr
0.65	UIINX	Income Fund Income	Pair Corr
0.98	UIISX	Income Stock	Pair Corr
0.84	UIPMX	Precious Metals And Steady Growth	Pair Corr
0.82	UISBX	Short Term Bond	Pair Corr
0.87	UISCX	Small Cap Stock	Pair Corr
1.0	UIVAX	Value Fund Value	Pair Corr
1.0	UIWGX	World Growth	Pair Corr
0.72	URGSX	Government Securities	Pair Corr
0.9	URHIX	High Income Fund	Pair Corr
0.73	URNQX	Nasdaq 100 Index	Pair Corr
0.83	URSBX	Short Term Bond	Pair Corr
0.85	URUSX	Ultra Short Term	Pair Corr
0.95	USPRX	Sp 500 Index	Pair Corr
0.97	UTMAX	Target Managed Allocation	Pair Corr
0.85	UUSIX	Ultra Short Term	Pair Corr
0.86	UGOFX	Global Managed Volatility	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.76	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.79	VITSX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.76	VINIX	Vanguard Institutional	Pair Corr
0.76	VIIIX	Vanguard Institutional	Pair Corr
0.76	NHS	Neuberger Berman High	Pair Corr
0.82	MDFGX	Blackrock Capital	Pair Corr
0.94	ANOAX	Small Cap Growth	Pair Corr

Moving against Growth Mutual Fund

0.32

UIAGX

Aggressive Growth

Pair Corr

Related Correlations Analysis

	VFAIX	SBFAX	MCBXX	IAAEX	FIKBX
VFAIX		0.71	0.0	0.45	0.74	VFAIX
SBFAX	0.71		0.0	0.84	0.93	SBFAX
MCBXX	0.0	0.0		0.0	0.0	MCBXX
IAAEX	0.45	0.84	0.0		0.93	IAAEX
FIKBX	0.74	0.93	0.0	0.93		FIKBX
	VFAIX	SBFAX	MCBXX	IAAEX	FIKBX

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

FIKBX	+ 0.93	SBFAX
FIKBX	+ 0.93	IAAEX
IAAEX	+ 0.84	SBFAX
FIKBX	+ 0.74	VFAIX
SBFAX	+ 0.71	VFAIX
IAAEX	+ 0.45	VFAIX

High negative correlations

FIKBX	- 0.0	MCBXX
IAAEX	- 0.0	MCBXX
MCBXX	- 0.0	SBFAX
MCBXX	- 0.0	VFAIX

Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Income 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 Income'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
VFAIX	0.75	(0.06)	(0.06)	0.01	0.97	(0.75)	1.39	(1.77)	4.39
SBFAX	1.00	0.26	0.27	0.46	0.44	(1.30)	1.70	(1.43)	18.47
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IAAEX	0.98	0.35	0.47	0.43	0.00	(1.28)	1.94	(0.97)	19.97
FIKBX	0.87	0.08	0.09	0.14	0.82	(0.98)	1.80	(1.80)	8.38

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