Growth Fund Correlations

CGFCX Fund

USD 57.79 0.30 0.52%

The current 90-days correlation between Growth Fund and Gabelli Gold Fund is 0.6 (i.e., Poor diversification). The correlation of Growth Fund 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.

Growth Fund Correlation With Market

Good diversification

The correlation between Growth Fund Of and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of 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 Growth Fund Of. 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 Growth Mutual Fund

0.65	RNEBX	New World Fund	Pair Corr
0.83	AMFCX	American Mutual	Pair Corr
0.82	AMFFX	American Mutual	Pair Corr
1.0	RNGGX	New Economy Fund	Pair Corr
1.0	RNGFX	New Economy Fund	Pair Corr
1.0	RNGHX	New Economy Fund	Pair Corr
1.0	RNGBX	New Economy Fund	Pair Corr
1.0	RNGAX	New Economy Fund	Pair Corr
1.0	RNGEX	New Economy Fund	Pair Corr
1.0	RNGCX	New Economy Fund	Pair Corr
1.0	RNNEX	New Economy Fund	Pair Corr
0.96	CDJAX	American Funds College	Pair Corr
1.0	AMPCX	Amcap Fund Class	Pair Corr
1.0	AMPFX	Amcap Fund Class	Pair Corr
0.94	RNPBX	New Perspective	Pair Corr
0.94	RNPAX	New Perspective	Pair Corr
0.94	RNPHX	New Perspective	Pair Corr
0.94	RNPGX	New Perspective	Pair Corr
0.94	RNPCX	New Perspective	Pair Corr
0.94	RNPFX	New Perspective	Pair Corr
0.94	RNPEX	New Perspective	Pair Corr
0.82	AMRMX	American Mutual	Pair Corr
0.82	AMRFX	American Mutual	Pair Corr
0.63	RNWFX	New World Fund	Pair Corr

Moving against Growth Mutual Fund

0.8	FPPPX	American Funds Prese	Pair Corr
0.74	ANBEX	American Funds Strategic	Pair Corr
0.72	AMUSX	Us Government Securities	Pair Corr

Related Correlations Analysis

	GLDAX	XGGNX	OGMCX	FGDIX	FRGOX	GCEBX	QGLDX
GLDAX		0.77	0.98	1.0	0.99	0.71	0.98	GLDAX
XGGNX	0.77		0.84	0.77	0.81	0.66	0.71	XGGNX
OGMCX	0.98	0.84		0.98	0.99	0.69	0.94	OGMCX
FGDIX	1.0	0.77	0.98		0.99	0.72	0.98	FGDIX
FRGOX	0.99	0.81	0.99	0.99		0.74	0.97	FRGOX
GCEBX	0.71	0.66	0.69	0.72	0.74		0.7	GCEBX
QGLDX	0.98	0.71	0.94	0.98	0.97	0.7		QGLDX
	GLDAX	XGGNX	OGMCX	FGDIX	FRGOX	GCEBX	QGLDX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Fund 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 Growth Fund'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
GLDAX	1.34	0.53	0.24	(12.59)	1.51	(1.36)	3.50	(2.49)	12.28
XGGNX	0.78	0.11	0.11	(19.99)	1.34	(0.88)	1.72	(1.20)	8.44
OGMCX	1.53	0.43	0.22	(5.88)	1.80	(1.70)	3.08	(3.16)	13.42
FGDIX	1.47	0.54	0.26	(7.24)	1.73	(1.72)	3.58	(2.74)	12.04
FRGOX	1.59	0.59	0.27	(18.88)	1.77	(1.75)	4.27	(2.63)	13.95
GCEBX	0.89	0.01	0.05	(0.13)	1.55	(0.83)	1.95	(2.58)	7.33
QGLDX	0.83	0.28	0.33	6.70	0.70	(0.97)	1.94	(1.56)	4.19

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