Growth Fund Correlations

Mutual Funds USA . 
Fund . Growth Fund Of
CGFFX Fund  USD 80.08  0.66  0.83%   
The current 90-days correlation between Growth Fund and Rational Dividend Capture is 0.08 (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

Good diversification

The correlation between Growth Fund Of 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 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 census.

Moving together with Growth Mutual Fund

  0.97AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  0.97AMFCX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.97RNCCX American Funds IncomePairCorr
  1.0RNGGX New Economy FundPairCorr
  1.0RNGFX New Economy FundPairCorr
  1.0RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  1.0RNGAX New Economy FundPairCorr
  1.0RNGEX New Economy FundPairCorr
  1.0RNGCX New Economy FundPairCorr
  0.87FPTPX American Funds ConsePairCorr
  0.92CDJAX American Funds CollegePairCorr
  0.99RNPAX New PerspectivePairCorr
  0.99RNPGX New PerspectivePairCorr
  0.99RNPFX New PerspectivePairCorr
  0.97AMRMX American MutualPairCorr
  0.98AMRFX American MutualPairCorr
  0.99RNWGX New World FundPairCorr
  0.99RNWBX New World FundPairCorr
  0.99RNWCX New World FundPairCorr
  0.92ANCFX American Funds FundaPairCorr
  1.0ANFFX New Economy FundPairCorr
  0.99NPFCX New PerspectivePairCorr
  0.99NPFFX New PerspectivePairCorr
  1.0PGGFX American Funds GlobalPairCorr
  0.93ANWPX New PerspectivePairCorr
  0.99BALFX American BalancedPairCorr
  0.9BALCX American BalancedPairCorr
  0.92CWGIX Capital World GrowthPairCorr
  0.99CWGFX Capital World GrowthPairCorr

Related Correlations Analysis

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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.

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