Blue Chip Correlations

VCBCX Fund

USD 21.56 0.08 0.37%

The current 90-days correlation between Blue Chip Growth and Delaware Investments Ultrashort is 0.01 (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

Average diversification

The correlation between Blue Chip Growth and DJI is 0.11 (i.e., Average 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 manufacturing.

Moving together with Blue Mutual Fund

0.64	VMSGX	Mid Cap Strategic	Pair Corr
0.98	VAPPX	Valic Company I	Pair Corr
0.81	VSRDX	Valic Company I	Pair Corr
0.88	VSTIX	Stock Index Fund	Pair Corr
0.68	VCAAX	Asset Allocation	Pair Corr
0.77	VCGAX	Growth Income	Pair Corr
0.75	VCGEX	Emerging Economies	Pair Corr
0.65	VCINX	International Growth	Pair Corr
0.97	VCNIX	Nasdaq 100 Index	Pair Corr
0.8	VCSTX	Science Technology	Pair Corr
0.61	VCSLX	Small Cap Index	Pair Corr
0.92	VCULX	Growth Fund Growth	Pair Corr
0.7	VDAFX	Dynamic Allocation	Pair Corr
0.79	VVSGX	Valic Company I	Pair Corr
0.73	VGCLX	Valic Company I	Pair Corr
0.66	VGLSX	Global Strategy	Pair Corr
0.62	VIOPX	Valic Company I	Pair Corr
0.79	VLAGX	Valic Company I	Pair Corr
0.94	VLCGX	Large Capital Growth	Pair Corr
0.77	VLSMX	Valic Company I	Pair Corr
0.8	VIGAX	Vanguard Growth Index	Pair Corr

Related Correlations Analysis

	DULTX	JSNIX	BPIRX	SNORX	ORSTX	FUEMX	TSDCX
DULTX		0.95	0.65	0.81	0.82	0.81	0.98	DULTX
JSNIX	0.95		0.73	0.86	0.79	0.79	0.96	JSNIX
BPIRX	0.65	0.73		0.88	0.6	0.62	0.68	BPIRX
SNORX	0.81	0.86	0.88		0.76	0.78	0.85	SNORX
ORSTX	0.82	0.79	0.6	0.76		0.99	0.82	ORSTX
FUEMX	0.81	0.79	0.62	0.78	0.99		0.81	FUEMX
TSDCX	0.98	0.96	0.68	0.85	0.82	0.81		TSDCX
	DULTX	JSNIX	BPIRX	SNORX	ORSTX	FUEMX	TSDCX

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
DULTX	0.03	0.00	0.00	(0.04)	0.00	0.00	0.10	(0.10)	0.51
JSNIX	0.06	0.00	(0.56)	0.74	0.00	(0.14)	0.11	(0.11)	0.53
BPIRX	0.56	0.16	0.21	0.46	0.00	(0.70)	1.11	(0.80)	10.40
SNORX	0.75	0.12	0.12	0.23	0.56	(0.83)	1.78	(1.28)	6.59
ORSTX	0.02	0.00	0.00	(0.22)	0.00	0.00	0.00	0.00	0.27
FUEMX	0.02	0.00	0.00	(0.33)	0.00	0.00	0.00	0.00	0.30
TSDCX	0.03	0.00	0.00	1.17	0.00	0.00	0.11	(0.11)	0.44

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Blue Chip Correlations

Blue Chip Correlation With Market

Average diversification

Moving together with Blue Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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