Zevenbergen Growth Correlations

ZVNIX Fund

USD 40.86 0.10 0.24%

The current 90-days correlation between Zevenbergen Growth and T Rowe Price is -0.05 (i.e., Good diversification). The correlation of Zevenbergen Growth 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.

Zevenbergen Growth Correlation With Market

Very good diversification

The correlation between Zevenbergen Growth Fund and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevenbergen Growth Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zevenbergen Growth 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 gross domestic product.

Moving together with Zevenbergen Mutual Fund

0.99	ZVGIX	Zevenbergen Genea	Pair Corr
0.71	FPXIX	Fidelity Advisor 529	Pair Corr

Moving against Zevenbergen Mutual Fund

0.39	PFN	Pimco Income Strategy	Pair Corr
0.31	JPVZX	Jpmorgan International	Pair Corr

Related Correlations Analysis

	PATFX	BBINX	PCMNX	FCSCX	GANPX	NSIOX	MDMTX
PATFX		0.96	0.96	-0.22	0.55	0.88	0.97	PATFX
BBINX	0.96		0.99	0.02	0.71	0.95	0.98	BBINX
PCMNX	0.96	0.99		-0.01	0.69	0.95	0.98	PCMNX
FCSCX	-0.22	0.02	-0.01		0.65	0.25	-0.1	FCSCX
GANPX	0.55	0.71	0.69	0.65		0.86	0.61	GANPX
NSIOX	0.88	0.95	0.95	0.25	0.86		0.91	NSIOX
MDMTX	0.97	0.98	0.98	-0.1	0.61	0.91		MDMTX
	PATFX	BBINX	PCMNX	FCSCX	GANPX	NSIOX	MDMTX

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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

PCMNX	+ 0.99	BBINX
MDMTX	+ 0.98	BBINX
MDMTX	+ 0.98	PCMNX
MDMTX	+ 0.97	PATFX
BBINX	+ 0.96	PATFX
PCMNX	+ 0.96	PATFX

High negative correlations

FCSCX	- 0.22	PATFX
MDMTX	- 0.1	FCSCX
FCSCX	- 0.01	PCMNX

Risk-Adjusted Indicators

There is a big difference between Zevenbergen Mutual Fund performing well and Zevenbergen Growth 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 Zevenbergen Growth'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
PATFX	0.16	(0.01)	(0.09)	(0.26)	0.25	(0.19)	0.44	(0.44)	1.43
BBINX	0.12	(0.01)	(0.11)	(0.20)	0.15	(0.18)	0.29	(0.29)	1.17
PCMNX	0.12	0.00	(0.10)	(0.05)	0.16	(0.14)	0.25	(0.33)	0.91
FCSCX	0.06	0.00	(0.15)	0.16	0.00	(0.22)	0.13	(0.13)	0.67
GANPX	0.05	0.00	(0.14)	(0.04)	0.00	(0.12)	0.10	(0.10)	0.68
NSIOX	0.16	0.01	(0.05)	0.79	0.18	(0.23)	0.41	(0.40)	1.61
MDMTX	0.16	(0.01)	(0.09)	(0.09)	0.23	(0.22)	0.39	(0.56)	1.52

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