Growth Equity Correlations

GGEZX Fund

USD 26.51 0.01 0.04%

The current 90-days correlation between Growth Equity Investor and Rbb Fund is -0.05 (i.e., Good diversification). The correlation of Growth Equity 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 Equity Correlation With Market

Average diversification

The correlation between Growth Equity Investor and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Equity Investor 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 Equity Investor. 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

0.61	GCOZX	Growth Allocation	Pair Corr
0.61	GDMZX	Defensive Market Str	Pair Corr
0.67	GFIZX	Conservative Allocation Potential Growth	Pair Corr
0.93	GGBZX	Aggressive Allocation	Pair Corr
0.67	GGEYX	Guidestone Fds Growth	Pair Corr
0.65	GGIZX	Balanced Allocation	Pair Corr
0.74	GGRYX	Growth Allocation	Pair Corr
0.65	GIEYX	International Equity	Pair Corr
0.65	GIEZX	International Equity	Pair Corr
0.69	GMWYX	Mydestination 2025	Pair Corr

Related Correlations Analysis

	OPTCX	PRNHX	TEDIX	LCIAX	LMUSX	TFAGX	TMSRX
OPTCX		0.76	0.65	0.89	0.91	0.48	0.72	OPTCX
PRNHX	0.76		0.73	0.88	0.78	0.81	0.62	PRNHX
TEDIX	0.65	0.73		0.74	0.63	0.66	0.68	TEDIX
LCIAX	0.89	0.88	0.74		0.97	0.78	0.79	LCIAX
LMUSX	0.91	0.78	0.63	0.97		0.64	0.81	LMUSX
TFAGX	0.48	0.81	0.66	0.78	0.64		0.54	TFAGX
TMSRX	0.72	0.62	0.68	0.79	0.81	0.54		TMSRX
	OPTCX	PRNHX	TEDIX	LCIAX	LMUSX	TFAGX	TMSRX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OPTCX	0.17	0.01	(0.20)	0.10	0.03	(0.23)	0.41	(0.30)	1.01
PRNHX	0.85	0.01	0.02	0.08	1.13	(0.91)	1.81	(2.02)	5.72
TEDIX	0.53	0.05	(0.01)	0.44	0.59	(0.53)	1.09	(1.10)	4.23
LCIAX	0.55	0.01	0.01	0.08	0.79	(0.54)	1.19	(1.20)	3.59
LMUSX	0.54	0.02	0.02	0.09	0.75	(0.50)	1.25	(1.38)	3.58
TFAGX	0.83	0.02	0.02	0.09	1.18	(0.80)	1.65	(2.44)	5.01
TMSRX	0.10	0.01	(0.29)	0.27	0.00	(0.16)	0.22	(0.22)	0.67

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Growth Equity Correlations

Growth Equity Correlation With Market

Average diversification

Moving together with Growth Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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