Growth Income Correlations

VCGAX Fund

USD 37.75 0.23 0.61%

The current 90-days correlation between Growth Income and Ab Bond Inflation is -0.02 (i.e., Good 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

0.91	VMIDX	Mid Cap Index	Pair Corr
0.74	VAPPX	Valic Company I	Pair Corr
0.65	VSRDX	Valic Company I	Pair Corr
0.97	VSTIX	Stock Index Fund	Pair Corr
0.83	VSSVX	Small Cap Special	Pair Corr
0.91	VBCVX	Broad Cap Value	Pair Corr
0.84	VCAAX	Asset Allocation	Pair Corr
0.75	VCBCX	Blue Chip Growth	Pair Corr
0.87	VCFVX	Foreign Value	Pair Corr
0.87	VCIEX	International Equities	Pair Corr
0.72	VCIFX	International Government	Pair Corr
0.9	VCIGX	Valic Company I	Pair Corr
0.78	VCNIX	Nasdaq 100 Index	Pair Corr
0.77	VCSOX	Global Social Awareness	Pair Corr
0.74	VCSLX	Small Cap Index	Pair Corr
0.93	VDAFX	Dynamic Allocation	Pair Corr
0.8	VVMCX	Valic Company I	Pair Corr
0.95	VVSGX	Valic Company I	Pair Corr
0.86	VVSCX	Valic Company I	Pair Corr
0.88	VGCLX	Valic Company I	Pair Corr
0.93	VGLSX	Global Strategy	Pair Corr
0.91	VHYLX	Valic Company I	Pair Corr
0.87	VIOPX	Valic Company I	Pair Corr
0.98	VLAGX	Valic Company I	Pair Corr
0.93	VLCGX	Large Capital Growth	Pair Corr
0.97	VLSMX	Valic Company I	Pair Corr
0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr

Moving against Growth Mutual Fund

0.32

VCTPX

Inflation Protected

Pair Corr

Related Correlations Analysis

	ABNOX	ABNYX	TIIHX	PFRMX	ABYIX	ANBIX	ABNTX
ABNOX		0.74	0.84	0.28	0.32	0.9	0.91	ABNOX
ABNYX	0.74		0.64	0.23	0.28	0.73	0.73	ABNYX
TIIHX	0.84	0.64		0.43	0.25	0.88	0.86	TIIHX
PFRMX	0.28	0.23	0.43		0.6	0.38	0.35	PFRMX
ABYIX	0.32	0.28	0.25	0.6		0.38	0.35	ABYIX
ANBIX	0.9	0.73	0.88	0.38	0.38		0.98	ANBIX
ABNTX	0.91	0.73	0.86	0.35	0.35	0.98		ABNTX
	ABNOX	ABNYX	TIIHX	PFRMX	ABYIX	ANBIX	ABNTX

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
ABNOX	0.07	(0.01)	(0.76)	(1.13)	0.07	(0.11)	0.10	(0.10)	0.49
ABNYX	0.07	(0.01)	(0.65)	(0.36)	0.08	(0.11)	0.09	(0.09)	0.57
TIIHX	0.10	(0.01)	(0.57)	(0.31)	0.09	(0.16)	0.19	(0.19)	0.65
PFRMX	0.29	0.00	(0.16)	0.10	0.29	(0.32)	0.54	(0.54)	1.73
ABYIX	0.43	0.03	(0.03)	0.16	0.44	(0.49)	0.92	(1.00)	2.56
ANBIX	0.07	(0.01)	(0.80)	(0.34)	0.06	(0.11)	0.19	(0.10)	0.48
ABNTX	0.07	(0.01)	(0.76)	(0.45)	0.07	(0.11)	0.10	(0.10)	0.49

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