Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund Of
GFACX Fund  USD 62.32  1.32  2.16%   
The current 90-days correlation between Growth Fund and International Investors Gold is 0.41 (i.e., Very weak diversification). The correlation of Growth Fund 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 Fund Correlation With Market

Almost no diversification

The correlation between Growth Fund Of and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Growth Fund Of. 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 main economic indicators.

Moving together with Growth Mutual Fund

  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFAFX Growth FundPairCorr
  1.0AGTHX Growth FundPairCorr
  1.0CGFFX Growth FundPairCorr
  1.0CGFCX Growth FundPairCorr
  1.0CGFAX Growth FundPairCorr
  1.0CGFEX Growth FundPairCorr
  1.0RGAEX Growth FundPairCorr
  0.93AXP American ExpressPairCorr
  0.82DD Dupont De NemoursPairCorr
  0.85CSCO Cisco Systems Sell-off TrendPairCorr
  0.87DIS Walt DisneyPairCorr
  0.93BAC Bank of America Aggressive PushPairCorr
  0.82AA Alcoa Corp Earnings Call This WeekPairCorr
  0.9HPQ HP IncPairCorr
  0.76BA BoeingPairCorr
  0.85HD Home Depot Earnings Call This WeekPairCorr
  0.7WMT Walmart Aggressive PushPairCorr

Moving against Growth Mutual Fund

  0.58ANBIX Ab Bond InflationPairCorr
  0.57VZ Verizon Communications Aggressive PushPairCorr
  0.53KO Coca ColaPairCorr
  0.5T ATT Inc Earnings Call TomorrowPairCorr
  0.34MCD McDonaldsPairCorr

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   
FGDIX
+ 1.0
IIGCX
SGDLX
+ 0.96
QGLDX
SGDLX
+ 0.95
IIGCX
SGDLX
+ 0.95
FGDIX
UNWPX
+ 0.95
SGDLX
QGLDX
+ 0.94
FGDIX
  
High negative correlations   
FGDIX
- 0.68
GLRBX
GLRBX
- 0.67
IIGCX
QGLDX
- 0.65
GLRBX
SGDLX
- 0.56
GLRBX
UNWPX
- 0.49
GLRBX
VGSBX
- 0.48
GLRBX

Risk-Adjusted Indicators

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