Blue Chip Correlations

VCBCX Fund

USD 20.44 0.07 0.34%

The current 90-days correlation between Blue Chip Growth and Mid Cap Index 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

Good diversification

The correlation between Blue Chip Growth and DJI is -0.06 (i.e., Good 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

0.91	VAPPX	Valic Company I	Pair Corr
0.73	VSTIX	Stock Index Fund	Pair Corr
0.68	VCGAX	Growth Income	Pair Corr
0.88	VCNIX	Nasdaq 100 Index	Pair Corr
0.87	VCSTX	Science Technology	Pair Corr
0.9	VCULX	Growth Fund Growth	Pair Corr
0.83	AGTHX	Growth Fund	Pair Corr

Moving against Blue Mutual Fund

0.71	KF	Korea Closed	Pair Corr
0.49	BRUFX	Bruce Fund Bruce	Pair Corr
0.32	VIOPX	Valic Company I	Pair Corr

Related Correlations Analysis

	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX
VMIDX		0.92	0.41	0.93	0.74	0.9	0.94	0.91	0.66	0.21	VMIDX
VMSGX	0.92		0.66	0.9	0.89	0.73	0.8	0.87	0.54	0.47	VMSGX
VAPPX	0.41	0.66		0.48	0.89	0.15	0.14	0.53	0.09	0.91	VAPPX
VSRDX	0.93	0.9	0.48		0.81	0.83	0.9	0.96	0.65	0.27	VSRDX
VSTIX	0.74	0.89	0.89	0.81		0.52	0.56	0.83	0.41	0.73	VSTIX
VSSVX	0.9	0.73	0.15	0.83	0.52		0.91	0.84	0.69	-0.02	VSSVX
VBCVX	0.94	0.8	0.14	0.9	0.56	0.91		0.83	0.65	-0.05	VBCVX
VCAAX	0.91	0.87	0.53	0.96	0.83	0.84	0.83		0.75	0.33	VCAAX
VCBDX	0.66	0.54	0.09	0.65	0.41	0.69	0.65	0.75		-0.01	VCBDX
VCBCX	0.21	0.47	0.91	0.27	0.73	-0.02	-0.05	0.33	-0.01		VCBCX
	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX

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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

VCAAX	+ 0.96	VSRDX
VBCVX	+ 0.94	VMIDX
VSRDX	+ 0.93	VMIDX
VMSGX	+ 0.92	VMIDX
VCAAX	+ 0.91	VMIDX
VCBCX	+ 0.91	VAPPX

High negative correlations

VCBCX	- 0.05	VBCVX
VCBCX	- 0.02	VSSVX
VCBCX	- 0.01	VCBDX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VMIDX	0.72	0.02	(0.02)	0.14	0.90	(0.77)	1.62	(1.13)	8.00
VMSGX	0.85	0.07	0.03	0.23	1.16	(0.85)	1.70	(1.70)	7.16
VAPPX	0.88	0.09	0.02	0.33	1.20	(0.90)	1.86	(2.13)	5.93
VSRDX	0.63	(0.01)	(0.07)	0.05	0.96	(0.61)	1.17	(1.56)	5.12
VSTIX	0.61	0.03	(0.03)	0.18	0.86	(0.60)	1.21	(1.46)	5.49
VSSVX	0.82	(0.02)	(0.06)	0.06	0.98	(0.88)	1.55	(1.16)	9.72
VBCVX	0.56	0.00	(0.08)	0.09	0.64	(0.68)	1.31	(0.91)	5.58
VCAAX	0.43	(0.01)	(0.11)	0.04	0.63	(0.45)	0.74	(1.20)	3.81
VCBDX	0.23	(0.02)	0.00	(0.13)	0.00	0.00	0.51	(0.61)	1.53
VCBCX	0.87	0.12	0.02	(1.44)	1.21	(0.92)	1.69	(2.18)	5.85

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