Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
CGFEX Fund  USD 85.84  0.54  0.63%   
The current 90-days correlation between Growth Fund and Cmg Ultra Short is 0.03 (i.e., Significant 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

Poor diversification

The correlation between Growth Fund Of and DJI is 0.76 (i.e., Poor 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 commodities.

Moving together with Growth Mutual Fund

  0.66AMECX Income FundPairCorr
  0.79RNEBX New World FundPairCorr
  0.8AMFCX American MutualPairCorr
  0.79AMFFX American MutualPairCorr
  0.78RNCCX American Funds IncomePairCorr
  0.74RNGGX New Economy FundPairCorr
  0.74RNGFX New Economy FundPairCorr
  0.77FPTPX American Funds ConsePairCorr
  0.77BALFX American BalancedPairCorr
  0.78BALCX American BalancedPairCorr
  0.86CWGFX Capital World GrowthPairCorr
  0.85WSHFX Washington MutualPairCorr
  0.85WSHCX Washington MutualPairCorr
  0.79CWMCX Washington MutualPairCorr
  0.78CWMAX Washington MutualPairCorr
  1.0FAFGX American FundsPairCorr
  0.78FAOTX American Funds 2020PairCorr
  0.8FAPTX American Funds 2025PairCorr
  0.9FAUTX American Funds 2040PairCorr
  1.0GFACX Growth FundPairCorr
  1.0GFAFX Growth FundPairCorr
  0.76FBAFX American Funds AmericanPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  0.76FBONX American Funds AmericanPairCorr
  0.78RRCTX American Funds 2020PairCorr
  0.74RRPPX American Funds RetirementPairCorr
  0.9FCJTX American Funds 2055PairCorr
  0.78RRQPX American Funds RetirementPairCorr
  0.7RROPX American Funds RetirementPairCorr

Related Correlations Analysis


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.

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