Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
ACGCX Fund  USD 38.05  0.38  1.01%   
The current 90-days correlation between Income Growth and Calvert Bond Portfolio is 0.22 (i.e., Modest diversification). The correlation of Income 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.

Income Growth Correlation With Market

Good diversification

The correlation between Income Growth Fund and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Income Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Income 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 main economic indicators.

Moving together with Income Mutual Fund

  0.98AMDVX Mid Cap ValuePairCorr
  0.98AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.65CDBCX Diversified BondPairCorr
  0.61TWACX Short Term GovernmentPairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.98TWCAX Select Fund APairCorr
  0.97TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.64TWARX Short Term GovernmentPairCorr
  0.71TWAVX Short Term GovernmentPairCorr
  0.93AMVRX Mid Cap ValuePairCorr
  0.97TWBIX Balanced Fund InvestorPairCorr
  0.97TWEIX Equity IncomePairCorr
  0.97TWCUX Ultra Fund InvestorPairCorr
  0.91TWGAX International GrowthPairCorr
  0.97TWGIX Growth Fund IPairCorr
  0.96TWGGX Global GrowthPairCorr
  0.89TWIEX International GrowthPairCorr
  0.96TWHIX Heritage Fund InvestorPairCorr
  0.96TWMIX Emerging MarketsPairCorr
  0.83TWTCX Intermediate Term TaxPairCorr
  0.85TWTIX Intermediate Term TaxPairCorr
  0.97TWSCX Strategic Allocation:PairCorr
  0.97TWSAX Strategic Allocation:PairCorr
  0.97TWSMX Strategic Allocation:PairCorr
  0.98TWSIX Select Fund IPairCorr
  0.72TWUSX Short Term GovernmentPairCorr
  0.95TWVLX Value Fund InvestorPairCorr
  0.98TWUAX Ultra Fund APairCorr
  0.97TWUIX Ultra Fund IPairCorr
  0.72TWUOX Short Term GovernmentPairCorr
  0.97NPHIX High Income FundPairCorr
  0.96ANORX Small Cap GrowthPairCorr
  0.96ANOIX Small Cap GrowthPairCorr
  0.96ANODX Small Cap GrowthPairCorr
  0.97ANTUX Nt Non IntrinsicPairCorr
  0.95ANTMX Nt International SmallPairCorr
  0.96ANTGX Nt Non IntrinsicPairCorr
  0.96ANVLX American Century NonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income 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 Income 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.

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