Blue Chip Correlations

Mutual Funds . USA . 
Fund . Blue Chip Growth
VCBCX Fund  USD 19.58  0.03  0.15%   
The current 90-days correlation between Blue Chip Growth and Small Midcap Dividend Income is 0.07 (i.e., Significant diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Poor diversification

The correlation between Blue Chip Growth and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Chip Growth 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 Blue Chip Growth. 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 main economic indicators.

Moving together with Blue Mutual Fund

  0.91VMIDX Mid Cap IndexPairCorr
  0.97VMSGX Mid Cap StrategicPairCorr
  1.0VAPPX Valic Company IPairCorr
  0.98VSRDX Valic Company IPairCorr
  0.94VSTIX Stock Index FundPairCorr
  0.8VSSVX Small Cap SpecialPairCorr
  0.9VBCVX Broad Cap ValuePairCorr
  0.96VCAAX Asset AllocationPairCorr
  0.99VCGAX Growth IncomePairCorr
  0.85VCIGX Valic Company IPairCorr
  0.94VCNIX Nasdaq 100 IndexPairCorr
  0.99VCSTX Science TechnologyPairCorr
  0.87VCSLX Small Cap IndexPairCorr
  1.0VCULX Growth Fund GrowthPairCorr
  0.86VDAFX Dynamic AllocationPairCorr
  0.94VVMCX Valic Company IPairCorr
  0.8VVSGX Valic Company IPairCorr
  0.85VVSCX Valic Company IPairCorr
  0.72VGLSX Global StrategyPairCorr
  0.62VHYLX Valic Company IPairCorr
  0.9VLAGX Valic Company IPairCorr
  0.9VLCGX Large Capital GrowthPairCorr
  0.75VLSMX Valic Company IPairCorr
  0.95FAFGX American FundsPairCorr
  0.95FFAFX American FundsPairCorr
  0.95GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr

Moving against Blue Mutual Fund

  0.78VCGSX Government SecuritiesPairCorr
  0.73VCBDX Valic Company IPairCorr
  0.72VCIFX International GovernmentPairCorr
  0.67VCTPX Inflation ProtectedPairCorr
  0.57VCSOX Global Social AwarenessPairCorr
  0.52VCIEX International EquitiesPairCorr
  0.46VCFVX Foreign ValuePairCorr
  0.58CIFRX Columbia Porate IncomePairCorr
  0.53VIOPX Valic Company IPairCorr
  0.53LIIAX Columbia Porate IncomePairCorr
  0.52SRINX Columbia Porate IncomePairCorr
  0.37VGREX Global Real EstatePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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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