Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Strategy
RELSX Fund  USD 17.81  0.21  1.19%   
The current 90-days correlation between Equity Growth Strategy and Asg Global Alternatives is 0.78 (i.e., Poor diversification). The correlation of Equity 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.

Equity Growth Correlation With Market

Very poor diversification

The correlation between Equity Growth Strategy and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Growth Strategy and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Equity Growth Strategy. 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 manufacturing.

Moving together with Equity Mutual Fund

  0.96RNTTX International DevelopedPairCorr
  0.81RREAX Global Real EstatePairCorr
  0.81RREYX Global Real EstatePairCorr
  0.81RRESX Global Real EstatePairCorr
  0.8RRSCX Global Real EstatePairCorr
  0.81RRSRX Global Real EstatePairCorr
  1.0RALAX Growth StrategyPairCorr
  1.0RALCX Growth StrategyPairCorr
  1.0RALSX Growth StrategyPairCorr
  1.0RALRX Growth StrategyPairCorr
  1.0RALVX Growth StrategyPairCorr
  0.9RSBRX Strategic BondPairCorr
  0.92RSBTX Short Duration BondPairCorr
  0.92RSBYX Short Duration BondPairCorr
  0.92RSCRX Us Small CapPairCorr
  0.91RSBCX Short Duration BondPairCorr
  0.99RSECX Us Strategic EquityPairCorr
  0.99RSEAX Us Strategic EquityPairCorr
  0.99RSESX Us Strategic EquityPairCorr
  0.91RSDTX Short Duration BondPairCorr
  0.99RAZAX Multi Asset GrowthPairCorr
  0.99RAZCX Multi Asset GrowthPairCorr
  0.92RSQAX Us E EquityPairCorr
  0.92RBCUX Tax Exempt BondPairCorr
  0.9RSYTX Strategic BondPairCorr
  0.99RBLCX Balanced StrategyPairCorr
  0.99RBLAX Balanced StrategyPairCorr
  0.99RBLSX Balanced StrategyPairCorr
  0.99RBLVX Balanced StrategyPairCorr
  0.99RBLRX Balanced StrategyPairCorr
  1.0RTDAX Multifactor EquityPairCorr
  0.99RTDCX Multifactor EquityPairCorr
  1.0RTDYX Select EquityPairCorr
  1.0RTDSX Select EquityPairCorr
  1.0RTDRX Select EquityPairCorr
  1.0RTDTX Select EquityPairCorr
  0.91RTEAX Tax Exempt BondPairCorr
  0.91RTECX Tax Exempt BondPairCorr
  0.88RTHAX Tax Exempt HighPairCorr
  0.87RTHCX Tax Exempt HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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