Chase Growth Correlations

Mutual Funds USA . 
Fund . Chase Growth Fund
CHAIX Fund  USD 18.53  0.07  0.38%   
The current 90-days correlation between Chase Growth and Inflation Adjusted Bond Fund is 0.08 (i.e., Significant diversification). The correlation of Chase 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.

Chase Growth Correlation With Market

Poor diversification

The correlation between Chase Growth Fund and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chase 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 Chase 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 Chase Mutual Fund

  1.0CHASX Chase GrowthPairCorr
  0.88FAFGX American FundsPairCorr
  0.88FFAFX American FundsPairCorr
  0.87GFACX Growth FundPairCorr
  0.88GFAFX Growth FundPairCorr
  0.88AGTHX Growth FundPairCorr
  0.88CGFFX Growth FundPairCorr
  0.87CGFCX Growth FundPairCorr
  0.88CGFAX Growth FundPairCorr
  0.88CGFEX Growth FundPairCorr
  0.88RGAEX Growth FundPairCorr
  0.82ERHIX Eaton Vance HighPairCorr
  0.96ADX Adams Diversified EquityPairCorr
  0.8VFIRX Vanguard Short TermPairCorr
  0.88ESCKX 1290 FundsPairCorr
  0.73CFIGX Columbia Flexible CapitalPairCorr
  0.95WABMSX WabmsxPairCorr
  0.97HACAX Harbor Capital ApprePairCorr
  0.83TISIX Tiaa-cref Short-termPairCorr
  0.79FUMBX Fidelity Short TermPairCorr
  0.82ACYIX High Yield FundPairCorr
  0.89ARCFX Arbitrage CreditPairCorr
  0.94PXWEX Pax Ellevate GlobalPairCorr
  0.76GQSCX Quantitative U SPairCorr
  0.91EEMAX Columbia Emerging MarketsPairCorr
  0.95GAXCX Goldman Sachs EquityPairCorr
  0.81ATOBX Aberdeen Ultra ShortPairCorr
  0.91PPUMX Largecap GrowthPairCorr
  0.9MCIFX Miller Vertible BondPairCorr
  0.93SSHVX Sound Shore FundPairCorr
  0.74TMARX Touchstone ArbitragePairCorr
  0.7FRIQX Fidelity Real EstatePairCorr
  0.95SSAZX State Street TargetPairCorr
  0.75VBCVX Broad Cap ValuePairCorr
  0.95RWBEX Capital World GrowthPairCorr
  0.89NBCRX American Funds RetirementPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Chase Mutual Fund performing well and Chase 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 Chase 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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