Growth Income Correlations

VCGAX Fund

USD 37.18 0.31 0.84%

The current 90-days correlation between Growth Income and Blue Chip Growth is 0.9 (i.e., Almost no 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

Poor diversification

The correlation between Growth Income Fund and DJI is 0.74 (i.e., 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

0.87	VMSGX	Mid Cap Strategic	Pair Corr
0.9	VSRDX	Valic Company I	Pair Corr
0.94	VSTIX	Stock Index Fund	Pair Corr
0.64	VBCVX	Broad Cap Value	Pair Corr
0.95	VCAAX	Asset Allocation	Pair Corr
0.77	VCINX	International Growth	Pair Corr
0.84	VCNIX	Nasdaq 100 Index	Pair Corr
0.74	VCSTX	Science Technology	Pair Corr
0.7	VCSLX	Small Cap Index	Pair Corr
0.7	VCULX	Growth Fund Growth	Pair Corr
0.91	VDAFX	Dynamic Allocation	Pair Corr
0.83	VVSGX	Valic Company I	Pair Corr
0.66	VGCLX	Valic Company I	Pair Corr
0.62	VHYLX	Valic Company I	Pair Corr
0.75	VLAGX	Valic Company I	Pair Corr
0.97	VLCGX	Large Capital Growth	Pair Corr
0.72	VLSMX	Valic Company I	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	VMIDX	VMSGX	VAPPX	VSTIX	VSSVX	VBCVX	VCAAX	VCBCX
VMIDX		0.69	-0.36	0.77	0.98	0.97	0.51	-0.32	VMIDX
VMSGX	0.69		0.36	0.88	0.62	0.67	0.83	0.38	VMSGX
VAPPX	-0.36	0.36		0.28	-0.39	-0.3	0.56	0.99	VAPPX
VSTIX	0.77	0.88	0.28		0.74	0.81	0.92	0.32	VSTIX
VSSVX	0.98	0.62	-0.39	0.74		0.97	0.48	-0.36	VSSVX
VBCVX	0.97	0.67	-0.3	0.81	0.97		0.55	-0.27	VBCVX
VCAAX	0.51	0.83	0.56	0.92	0.48	0.55		0.6	VCAAX
VCBCX	-0.32	0.38	0.99	0.32	-0.36	-0.27	0.6		VCBCX
	VMIDX	VMSGX	VAPPX	VSTIX	VSSVX	VBCVX	VCAAX	VCBCX

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

VCBCX	+ 0.99	VAPPX
VSSVX	+ 0.98	VMIDX
VBCVX	+ 0.97	VMIDX
VBCVX	+ 0.97	VSSVX
VCAAX	+ 0.92	VSTIX
VSTIX	+ 0.88	VMSGX

High negative correlations

VSSVX	- 0.39	VAPPX
VCBCX	- 0.36	VSSVX
VAPPX	- 0.36	VMIDX
VCBCX	- 0.32	VMIDX
VBCVX	- 0.3	VAPPX
VCBCX	- 0.27	VBCVX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VMIDX	0.69	0.11	0.13	0.17	0.51	(0.75)	1.83	(1.35)	4.47
VMSGX	0.83	(0.02)	(0.01)	0.05	1.00	(0.90)	1.56	(1.93)	5.44
VAPPX	0.71	(0.13)	0.00	(0.09)	0.00	0.00	1.29	(1.89)	4.84
VSTIX	0.54	(0.02)	(0.04)	0.05	0.70	(0.55)	0.99	(1.23)	3.60
VSSVX	0.79	0.13	0.16	0.19	0.51	(1.02)	2.44	(1.08)	4.87
VBCVX	0.54	0.06	0.07	0.14	0.46	(0.58)	1.41	(1.07)	3.29
VCAAX	0.33	(0.02)	(0.13)	0.02	0.40	(0.38)	0.71	(0.70)	2.34
VCBCX	0.73	(0.11)	0.00	(0.07)	0.00	0.00	1.29	(1.83)	4.84

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