Aggressive Growth Correlations

Mutual Funds USA . 
Fund . Aggressive Growth Allocation
FRAGX Fund  USD 11.84  0.02  0.17%   
The current 90-days correlation between Aggressive Growth and Invesco Real Estate is 0.84 (i.e., Very poor diversification). The correlation of Aggressive 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.

Aggressive Growth Correlation With Market

Almost no diversification

The correlation between Aggressive Growth Allocation and DJI is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aggressive Growth Allocation 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 Aggressive Growth Allocation. 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 Aggressive Mutual Fund

  0.98FPTKX Fidelity Freedom 2015PairCorr
  0.9FPURX Fidelity PuritanPairCorr
  0.9FPUKX Fidelity PuritanPairCorr
  0.91FQIFX Fidelity Freedom IndexPairCorr
  1.0FQIPX Fidelity Freedom IndexPairCorr
  0.89FQITX Fidelity Salem StreetPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.94FRBDX Fidelity Freedom 2070PairCorr
  0.94FRBEX Fidelity Freedom 2070PairCorr
  0.94FRBHX Fidelity Freedom 2070PairCorr
  0.94FRBJX Fidelity Advisor FreedomPairCorr
  0.94FRBKX Fidelity Advisor FreedomPairCorr
  0.94FRBLX Fidelity Advisor FreedomPairCorr
  0.94FRBOX Fidelity Advisor FreedomPairCorr
  0.94FRBPX Fidelity Advisor FreedomPairCorr
  0.93FRBQX Fidelity Flex FreedomPairCorr
  0.93FRBUX Fidelity Freedom IndexPairCorr
  0.93FRBVX Fidelity Freedom IndexPairCorr
  0.93FRBWX Fidelity Freedom IndexPairCorr
  0.93FRBYX Fidelity Freedom BlendPairCorr
  0.93FRBZX Fidelity Freedom BlendPairCorr
  0.95FRAMX Fidelity Income ReplPairCorr
  0.97FRASX Fidelity Income ReplPairCorr
  0.93FRCFX Fidelity Freedom BlendPairCorr
  0.93FRCHX Fidelity Freedom BlendPairCorr
  0.93FRCKX Fidelity Freedom BlendPairCorr
  0.93FRCLX Fidelity Freedom BlendPairCorr
  0.93FRCNX Fidelity Freedom BlendPairCorr
  0.93FRCPX Fidelity Freedom BlendPairCorr
  0.93FRCQX Fidelity SustainablePairCorr
  0.93FRCRX Fidelity SustainablePairCorr
  0.93FRCVX Fidelity SustainablePairCorr
  0.93FRCWX Fidelity SustainablePairCorr
  0.93FRCYX Fidelity SustainablePairCorr
  0.93FRDCX Fidelity SustainablePairCorr
  0.93FRDDX Fidelity SustainablePairCorr
  0.93FRDEX Fidelity SustainablePairCorr
  1.0FRGAX Growth Allocation IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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