Equity Growth Correlations

AMEIX Fund

USD 27.84 0.52 1.83%

The current 90-days correlation between Equity Growth and Rational Dividend Capture is 0.75 (i.e., Poor diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Poor diversification

The correlation between Equity Growth Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity 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 Equity 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 Equity Mutual Fund

0.75	AMDVX	Mid Cap Value	Pair Corr
0.97	AMGIX	Income Growth	Pair Corr
0.63	TWADX	Value Fund A	Pair Corr
0.96	TWCCX	Ultra Fund C	Pair Corr
0.97	TWCAX	Select Fund A	Pair Corr
0.97	TWCIX	Select Fund Investor	Pair Corr
0.96	TWCGX	Growth Fund Investor	Pair Corr
0.75	AMVYX	Mid Cap Value	Pair Corr
0.77	AMVRX	Mid Cap Value	Pair Corr
0.98	TWBIX	Balanced Fund Investor	Pair Corr
0.76	AMVGX	Mid Cap Value	Pair Corr
0.96	TWCUX	Ultra Fund Investor	Pair Corr
0.64	TWGAX	International Growth	Pair Corr
0.96	TWGIX	Growth Fund I	Pair Corr
0.89	TWGGX	Global Growth	Pair Corr
0.63	TWIEX	International Growth	Pair Corr
0.95	TWHIX	Heritage Fund Investor	Pair Corr
0.96	TWRCX	Growth Fund C	Pair Corr
0.84	TWSCX	Strategic Allocation:	Pair Corr
0.92	TWSAX	Strategic Allocation:	Pair Corr
0.9	TWSMX	Strategic Allocation:	Pair Corr
0.97	TWSIX	Select Fund I	Pair Corr
0.66	TWVLX	Value Fund Investor	Pair Corr
0.96	TWUAX	Ultra Fund A	Pair Corr
0.96	TWUIX	Ultra Fund I	Pair Corr
0.64	NPHIX	High Income Fund	Pair Corr

Moving against Equity Mutual Fund

0.84	TWACX	Short Term Government	Pair Corr
0.79	TWAVX	Short Term Government	Pair Corr
0.78	TWARX	Short Term Government	Pair Corr
0.5	CDBCX	Diversified Bond	Pair Corr
0.79	TWUSX	Short Term Government	Pair Corr
0.79	TWUOX	Short Term Government	Pair Corr

Related Correlations Analysis

	HDCAX	FMUUX	OPTCX	IPSAX	TBLDX	JTSQX	ARTQX
HDCAX		-0.39	-0.65	0.94	0.83	0.89	0.87	HDCAX
FMUUX	-0.39		0.8	-0.52	-0.05	-0.26	-0.33	FMUUX
OPTCX	-0.65	0.8		-0.74	-0.34	-0.53	-0.58	OPTCX
IPSAX	0.94	-0.52	-0.74		0.84	0.94	0.93	IPSAX
TBLDX	0.83	-0.05	-0.34	0.84		0.97	0.93	TBLDX
JTSQX	0.89	-0.26	-0.53	0.94	0.97		0.98	JTSQX
ARTQX	0.87	-0.33	-0.58	0.93	0.93	0.98		ARTQX
	HDCAX	FMUUX	OPTCX	IPSAX	TBLDX	JTSQX	ARTQX

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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

ARTQX	+ 0.98	JTSQX
JTSQX	+ 0.97	TBLDX
IPSAX	+ 0.94	HDCAX
JTSQX	+ 0.94	IPSAX
ARTQX	+ 0.93	IPSAX
ARTQX	+ 0.93	TBLDX

High negative correlations

IPSAX	- 0.74	OPTCX
OPTCX	- 0.65	HDCAX
ARTQX	- 0.58	OPTCX
JTSQX	- 0.53	OPTCX
IPSAX	- 0.52	FMUUX
FMUUX	- 0.39	HDCAX

Risk-Adjusted Indicators

There is a big difference between Equity Mutual Fund performing well and Equity 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 Equity 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HDCAX	0.67	0.00	(0.07)	1.04	(1.11)	4.66
FMUUX	0.03	(0.01)	0.37	0.10	(0.10)	0.50
OPTCX	0.03	0.00	0.00	0.10	0.00	0.52
IPSAX	0.54	(0.02)	(0.10)	0.75	(1.15)	3.21
TBLDX	0.50	0.00	(0.07)	0.70	(0.91)	3.99
JTSQX	0.89	0.00	(0.08)	1.40	(1.54)	7.22
ARTQX	0.97	(0.02)	(0.10)	1.39	(1.61)	6.87

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