Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Fund
AMEIX Fund  USD 39.15  0.08  0.20%   
The current 90-days correlation between Equity Growth and Neuberger Berman Income is -0.16 (i.e., Good 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

Very poor diversification

The correlation between Equity Growth 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 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

  0.95AMGIX Income GrowthPairCorr
  0.85CDBCX Diversified BondPairCorr
  0.98AMKIX Emerging MarketsPairCorr
  0.83TWACX Short Term GovernmentPairCorr
  0.71TWADX Value Fund APairCorr
  0.99TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.99TWCIX Select Fund InvestorPairCorr
  0.99TWCGX Growth Fund InvestorPairCorr
  0.82TWARX Short Term GovernmentPairCorr
  0.84TWAVX Short Term GovernmentPairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.99TWCUX Ultra Fund InvestorPairCorr
  0.77TWGAX International GrowthPairCorr
  0.99TWGIX Growth Fund IPairCorr
  0.81TWIEX International GrowthPairCorr
  0.98TWMIX Emerging MarketsPairCorr
  0.99TWRCX Growth Fund CPairCorr
  0.91TWTCX Intermediate Term TaxPairCorr
  0.91TWTIX Intermediate Term TaxPairCorr
  0.93TWSCX Strategic Allocation:PairCorr
  0.92TWSAX Strategic Allocation:PairCorr
  0.93TWSMX Strategic Allocation:PairCorr
  0.95TWSIX Select Fund IPairCorr
  0.85TWUSX Short Term GovernmentPairCorr
  0.72TWVLX Value Fund InvestorPairCorr
  0.95TWUAX Ultra Fund APairCorr
  0.99TWUIX Ultra Fund IPairCorr
  0.84TWUOX Short Term GovernmentPairCorr
  0.92TWWOX Intermediate Term TaxPairCorr
  0.88NPHIX High Income FundPairCorr

Related Correlations Analysis


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.

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