Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund A
TCRAX Fund  USD 57.46  0.49  0.86%   
The current 90-days correlation between Growth Fund A and Old Westbury California is -0.17 (i.e., Good 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

Good diversification

The correlation between Growth Fund A and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund A and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Growth Fund A. 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

  0.8AMDVX Mid Cap ValuePairCorr
  0.88AMEIX Equity GrowthPairCorr
  0.85AMGIX Income GrowthPairCorr
  0.87AMKIX Emerging MarketsPairCorr
  0.83TWADX Value Fund APairCorr
  0.87TWCCX Ultra Fund CPairCorr
  0.88TWCAX Select Fund APairCorr
  0.88TWCIX Select Fund InvestorPairCorr
  1.0TWCGX Growth Fund InvestorPairCorr
  0.64TWAVX Short Term GovernmentPairCorr
  0.8AMVYX Mid Cap ValuePairCorr
  0.92AMVRX Mid Cap ValuePairCorr
  0.87TWBIX Balanced Fund InvestorPairCorr
  0.84TWEAX Equity IncomePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.87TWCUX Ultra Fund InvestorPairCorr
  0.85TWGAX International GrowthPairCorr
  0.88TWGIX Growth Fund IPairCorr
  0.85TWGGX Global GrowthPairCorr
  0.72TWIEX International GrowthPairCorr
  0.84TWHIX Heritage Fund InvestorPairCorr
  0.87TWMIX Emerging MarketsPairCorr
  1.0TWRCX Growth Fund CPairCorr
  0.98TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  1.0TWSIX Select Fund IPairCorr
  0.66TWUSX Short Term GovernmentPairCorr
  0.84TWVLX Value Fund InvestorPairCorr
  0.87TWUAX Ultra Fund APairCorr
  1.0TWUIX Ultra Fund IPairCorr
  0.62TWUOX Short Term GovernmentPairCorr
  0.95NPHIX High Income FundPairCorr
  0.98ANORX Small Cap GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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