Growth Allocation Correlations

Mutual Funds . USA . 
Fund . Growth Allocation Index
FRGAX Fund  USD 12.36  0.07  0.56%   
The current 90-days correlation between Growth Allocation Index and Western Asset Municipal is 0.18 (i.e., Average diversification). The correlation of Growth Allocation 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 Allocation Correlation With Market

Very poor diversification

The correlation between Growth Allocation Index and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Allocation Index 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 Growth Allocation Index. 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 nation.

Moving together with Growth Mutual Fund

  0.99FPTKX Fidelity Freedom 2015PairCorr
  0.88FPURX Fidelity PuritanPairCorr
  0.88FPUKX Fidelity PuritanPairCorr
  0.84FPXTX Fidelity PennsylvaniaPairCorr
  0.99FQIFX Fidelity Freedom IndexPairCorr
  0.9FQIPX Fidelity Freedom IndexPairCorr
  0.73FQITX Fidelity Salem StreetPairCorr
  1.0FQLSX Fidelity Flex FreedomPairCorr
  0.96FRBDX Fidelity Freedom 2070PairCorr
  0.9FRBEX Fidelity Freedom 2070PairCorr
  0.87FRBHX Fidelity Freedom 2070PairCorr
  0.99FRBJX Fidelity Advisor FreedomPairCorr
  0.99FRBKX Fidelity Advisor FreedomPairCorr
  0.86FRBLX Fidelity Advisor FreedomPairCorr
  0.87FRBOX Fidelity Advisor FreedomPairCorr
  0.87FRBPX Fidelity Advisor FreedomPairCorr
  0.87FRBQX Fidelity Flex FreedomPairCorr
  0.87FRBUX Fidelity Freedom IndexPairCorr
  0.87FRBVX Fidelity Freedom IndexPairCorr
  0.87FRBWX Fidelity Freedom IndexPairCorr
  0.87FRBYX Fidelity Freedom BlendPairCorr
  1.0FRBZX Fidelity Freedom BlendPairCorr
  0.91FRAGX Aggressive GrowthPairCorr
  0.89FRAMX Fidelity Income ReplPairCorr
  0.91FRASX Fidelity Income ReplPairCorr
  0.87FRCFX Fidelity Freedom BlendPairCorr
  0.87FRCHX Fidelity Freedom BlendPairCorr
  0.87FRCKX Fidelity Freedom BlendPairCorr
  0.85FRCLX Fidelity Freedom BlendPairCorr
  0.86FRCNX Fidelity Freedom BlendPairCorr
  0.87FRCPX Fidelity Freedom BlendPairCorr
  0.87FRCQX Fidelity SustainablePairCorr
  0.91FRCRX Fidelity SustainablePairCorr
  0.87FRCVX Fidelity SustainablePairCorr
  0.87FRCWX Fidelity SustainablePairCorr
  0.87FRCYX Fidelity SustainablePairCorr
  0.91FRDCX Fidelity SustainablePairCorr
  0.95FRDDX Fidelity SustainablePairCorr
  0.91FRDEX Fidelity SustainablePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Growth Mutual Fund performing well and Growth Allocation 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 Allocation'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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