Dynamic Growth Correlations

Mutual Funds . USA . 
Fund . Dynamic Growth Fund
FLDGX Fund  USD 13.88  0.03  0.22%   
The current 90-days correlation between Dynamic Growth and Muirfield Fund Retail is 0.99 (i.e., No risk reduction). 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

Good diversification

The correlation between Dynamic Growth Fund 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 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 price.

Moving together with Dynamic Mutual Fund

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

Moving against Dynamic Mutual Fund

  0.57BXECX Barings Emerging MarketsPairCorr
  0.57BXEIX Barings Emerging MarketsPairCorr
  0.57BXEAX Barings Emerging MarketsPairCorr
  0.37FIPRX Federated Hermes InfPairCorr

Related Correlations Analysis

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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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