Aggressive Growth Correlations

USAUX Fund  USD 68.79  0.30  0.44%   
The current 90-days correlation between Aggressive Growth and Gmo High Yield is 0.13 (i.e., Average 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

Modest diversification

The correlation between Aggressive Growth Fund and DJI is 0.27 (i.e., Modest 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 employment.

Moving together with Aggressive Mutual Fund

  0.68UINCX Income Fund IncomePairCorr
  0.79UINQX Usaa Nasdaq 100PairCorr
  0.65SRVEX Victory Diversified StockPairCorr
  0.67UITBX Intermediate Term BondPairCorr
  0.64UITCX Usaa Intermediate TermPairCorr
  0.73UITIX Usaa Tax ExemptPairCorr
  0.73GUTEX Victory Tax ExemptPairCorr
  0.71SSGSX Victory Sycamore SmallPairCorr
  0.73SBALX Victory StrategicPairCorr
  0.64SSVSX Victory Special ValuePairCorr
  0.72SBFCX Victory Incore InvestmentPairCorr
  0.72SBFMX Victory PortfoliosPairCorr
  0.67MMECX Victory IntegrityPairCorr
  0.76MMEAX Victory IntegrityPairCorr
  0.75RPPRX Victory Rs PartnersPairCorr
  0.76MMMMX Victory IntegrityPairCorr
  0.65MMMSX Victory IntegrityPairCorr
  0.72ULTIX Usaa Tax ExemptPairCorr
  0.7MNNAX Victory Munder MultiPairCorr
  0.83RSEGX Victory Rs SmallPairCorr
  0.7RSDGX Victory Rs SelectPairCorr
  0.92RSGGX Victory Rs GlobalPairCorr
  0.71RSGFX Victory Rs SelectPairCorr
  0.91RSGRX Victory Rs GrowthPairCorr
  0.77RSIFX Victory Rs SciencePairCorr
  0.65RSINX Victory Rs InvestorsPairCorr
  0.66RSIYX Victory Rs InvestorsPairCorr
  0.61RSMMX Victory Rs SmallPairCorr
  0.73RSMOX Victory Rs MidPairCorr
  0.74RSPFX Victory Rs PartnersPairCorr

Related Correlations Analysis

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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.