Growth Income Correlations

Mutual Funds USA . 
Fund . Growth Income Fund
VCGAX Fund  USD 37.25  0.05  0.13%   
The current 90-days correlation between Growth Income and Invesco Energy Fund is 0.35 (i.e., Weak 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

Very poor diversification

The correlation between Growth Income Fund and DJI is 0.86 (i.e., Very poor 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 nation.

Moving together with Growth Mutual Fund

  0.9VMIDX Mid Cap IndexPairCorr
  0.76VAPPX Valic Company IPairCorr
  0.62VSRDX Valic Company IPairCorr
  0.97VSTIX Stock Index FundPairCorr
  0.81VSSVX Small Cap SpecialPairCorr
  0.9VBCVX Broad Cap ValuePairCorr
  0.83VCAAX Asset AllocationPairCorr
  0.77VCBCX Blue Chip GrowthPairCorr
  0.86VCFVX Foreign ValuePairCorr
  0.88VCIEX International EquitiesPairCorr
  0.71VCIFX International GovernmentPairCorr
  0.9VCIGX Valic Company IPairCorr
  0.79VCNIX Nasdaq 100 IndexPairCorr
  0.86VCSOX Global Social AwarenessPairCorr
  0.8VCSLX Small Cap IndexPairCorr
  0.93VDAFX Dynamic AllocationPairCorr
  0.79VVMCX Valic Company IPairCorr
  0.94VVSGX Valic Company IPairCorr
  0.85VVSCX Valic Company IPairCorr
  0.93VGCLX Valic Company IPairCorr
  0.93VGLSX Global StrategyPairCorr
  0.89VHYLX Valic Company IPairCorr
  0.86VIOPX Valic Company IPairCorr
  0.98VLAGX Valic Company IPairCorr
  0.78VLCGX Large Capital GrowthPairCorr
  0.87VLSMX Valic Company IPairCorr
  0.83VTSAX Vanguard Total StockPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.84VITSX Vanguard Total StockPairCorr

Moving against Growth Mutual Fund

  0.36VCTPX Inflation ProtectedPairCorr

Related Correlations Analysis


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

PSPFX
+ 0.91
XGNTX
XGNTX
+ 0.88
ALEFX
PSPFX
+ 0.81
ALEFX
ALEFX
+ 0.55
IEFCX
TMCLX
+ 0.51
XGNTX
TMCLX
+ 0.49
ALEFX
  

High negative correlations

TMCLX
- 0.25
CAEIX

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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