Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
AMGIX Fund  USD 33.82  0.12  0.36%   
The current 90-days correlation between Income Growth and Ultra Fund I is 0.87 (i.e., Very poor 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 -0.07 (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 gross domestic product.

Moving together with Income Mutual Fund

  0.93AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.72AMKIX Emerging MarketsPairCorr
  0.88TWADX Value Fund APairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.97TWCAX Select Fund APairCorr
  0.97TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.93AMVYX Mid Cap ValuePairCorr
  0.93AMVRX Mid Cap ValuePairCorr
  0.99TWBIX Balanced Fund InvestorPairCorr
  0.93AMVGX Mid Cap ValuePairCorr
  0.71TWEAX Equity IncomePairCorr
  0.81TWEIX Equity IncomePairCorr
  0.97TWCUX Ultra Fund InvestorPairCorr
  0.83TWGAX International GrowthPairCorr
  0.97TWGIX Growth Fund IPairCorr
  0.96TWGGX Global GrowthPairCorr
  0.83TWIEX International GrowthPairCorr
  0.95TWHIX Heritage Fund InvestorPairCorr
  0.72TWMIX Emerging MarketsPairCorr
  0.97TWRCX Growth Fund CPairCorr
  0.66TWTCX Intermediate Term TaxPairCorr
  0.97TWSCX Strategic Allocation:PairCorr
  0.98TWSAX Strategic Allocation:PairCorr
  0.98TWSMX Strategic Allocation:PairCorr
  0.97TWSIX Select Fund IPairCorr
  0.87TWVLX Value Fund InvestorPairCorr
  0.97TWUAX Ultra Fund APairCorr
  0.97TWUIX Ultra Fund IPairCorr
  0.63TWWOX Intermediate Term TaxPairCorr
  0.82NPHIX High Income FundPairCorr

Moving against Income Mutual Fund

  0.9TWAVX Short Term GovernmentPairCorr
  0.66TWACX Short Term GovernmentPairCorr
  0.64TWARX Short Term GovernmentPairCorr
  0.89TWUSX Short Term GovernmentPairCorr
  0.65TWUOX Short Term GovernmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY