Dynamic Growth Correlations

Mutual Funds . USA . 
Fund . Dynamic Growth Fund
DYGIX Fund  USD 13.86  0.01  0.07%   
The current 90-days correlation between Dynamic Growth and Siit Equity Factor is -0.11 (i.e., Good diversification). The correlation of Dynamic 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.

Dynamic Growth Correlation With Market

Almost no diversification

The correlation between Dynamic Growth Fund and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynamic 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 Dynamic Mutual Fund

  0.97SRUAX Spectrum Fund AdviserPairCorr
  0.97SRUIX Spectrum Fund InstitPairCorr
  1.0QNTAX Quantex Fund AdviserPairCorr
  1.0QNTIX Quantex Fund InstituPairCorr
  0.89IFAAX Infrastructure FundPairCorr
  0.89IFAIX Infrastructure FundPairCorr
  0.88BLNIX Balanced Fund InstitPairCorr
  0.88BLNAX Balanced Fund AdviserPairCorr
  0.91FLCGX Quantex Fund RetailPairCorr
  0.85FLDOX Dividend OpportunitiesPairCorr
  0.91FLDGX Dynamic GrowthPairCorr
  0.88FLDFX Balanced Fund RetailPairCorr
  0.83FLFGX Global OpportunitiesPairCorr
  0.98FLMIX Muirfield Fund InstiPairCorr
  0.89FLMFX Muirfield Fund RetailPairCorr
  0.89FLMAX Muirfield Fund AdviserPairCorr
  0.88FLRUX Infrastructure FundPairCorr
  0.97FLSPX Spectrum Fund RetailPairCorr
  0.96DVOIX Dividend OpportunitiesPairCorr
  0.96DVOAX Dividend OpportunitiesPairCorr
  0.9GBPAX Global OpportunitiesPairCorr
  0.9GBPIX Global OpportunitiesPairCorr
  1.0DYGAX Dynamic GrowthPairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.92FGPGX American Funds GrowthPairCorr
  0.91MUTHX Franklin Mutual SharesPairCorr
  0.79TESRX Franklin Mutual SharesPairCorr
  0.91FMSHX Franklin Mutual SharesPairCorr
  0.92GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.92GWPAX American Funds GrowthPairCorr
  0.92CGQGX American Funds GrowthPairCorr
  0.87SMPIX Semiconductor UltrasectorPairCorr
  0.87SMPSX Semiconductor UltrasectorPairCorr
  0.75RSNYX Victory Global NaturalPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
GMADX
+ 0.95
CSPFX
PAEIX
+ 0.95
GMADX
PAEIX
+ 0.9
MSTFX
GMADX
+ 0.89
MSTFX
CSPFX
+ 0.88
SEHAX
PAEIX
+ 0.83
CSPFX
  
High negative correlations   
DDCFX
- 0.22
CSPFX
DDCFX
- 0.11
SEHAX
GMADX
- 0.05
DDCFX

Risk-Adjusted Indicators

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