Growth Income Correlations

Mutual Funds . USA . 
Fund . Growth Income Fund
UIGIX Fund  USD 26.08  0.16  0.62%   
The current 90-days correlation between Growth Income and Calamos Short Term Bond is 0.11 (i.e., Average 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 0.9 (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

  1.0UICGX Capital GrowthPairCorr
  0.88UIEMX Emerging MarketsPairCorr
  0.99UIIFX International FundPairCorr
  0.78UIGSX Government SecuritiesPairCorr
  0.66UIINX Income Fund IncomePairCorr
  0.99UIISX Income StockPairCorr
  0.86UIPMX Precious Metals AndPairCorr
  0.98UISCX Small Cap StockPairCorr
  0.99UIVAX Value Fund ValuePairCorr
  0.65URIFX Income Fund IncomePairCorr
  0.78URGSX Government SecuritiesPairCorr
  0.83URNQX Nasdaq 100 IndexPairCorr
  0.87URSBX Short Term BondPairCorr
  0.89URUSX Ultra Short TermPairCorr
  0.97USPRX Sp 500 IndexPairCorr
  0.97UTMAX Target Managed AllocationPairCorr
  0.88UUSIX Ultra Short TermPairCorr
  0.97UGOFX Global Managed VolatilityPairCorr
  0.76VTSAX Vanguard Total StockPairCorr
  0.76VFIAX Vanguard 500 IndexPairCorr
  0.78VTSMX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.76VSTSX Vanguard Total StockPairCorr
  0.76VFINX Vanguard 500 IndexPairCorr
  0.73VFFSX Vanguard 500 IndexPairCorr
  0.76VINIX Vanguard InstitutionalPairCorr
  0.76VIIIX Vanguard InstitutionalPairCorr
  0.95FSMMX Fs Multi StrategyPairCorr
  0.88BTMPX Ishares Msci EafePairCorr
  0.9BTMKX Blackrock InternationalPairCorr
  0.89MDIIX Blackrock Intern IndexPairCorr
  0.68SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.68MLPMX Oppenheimer Steelpath MlpPairCorr
  0.68SPMJX Invesco Steelpath MlpPairCorr

Related Correlations Analysis


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.

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