Capital Growth Correlations

UICGX Fund

USD 12.65 0.06 0.48%

The current 90-days correlation between Capital Growth and Emerging Markets Fund is 0.86 (i.e., Very poor diversification). The correlation of Capital 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.

Capital Growth Correlation With Market

Almost no diversification

The correlation between Capital Growth Fund and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Growth Fund 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 Capital Growth Fund. 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 price.

Moving together with Capital Mutual Fund

0.78	UIEMX	Emerging Markets	Pair Corr
0.77	UIHIX	High Income Fund	Pair Corr
0.97	UIGIX	Growth Income	Pair Corr
0.88	UIGRX	Growth Fund Growth	Pair Corr
0.96	UIISX	Income Stock	Pair Corr
0.92	UISCX	Small Cap Stock	Pair Corr
0.88	UIVAX	Value Fund Value	Pair Corr
0.99	UIWGX	World Growth	Pair Corr
0.76	URHIX	High Income Fund	Pair Corr
0.94	URNQX	Nasdaq 100 Index	Pair Corr
0.96	USPRX	Sp 500 Index	Pair Corr
0.92	UTMAX	Target Managed Allocation	Pair Corr
1.0	UGOFX	Global Managed Volatility	Pair Corr
0.8	UIAGX	Aggressive Growth	Pair Corr
1.0	FCWGX	American Funds Capital	Pair Corr
1.0	FWCGX	American Funds Capital	Pair Corr
1.0	CWGIX	Capital World Growth	Pair Corr
1.0	CWGFX	Capital World Growth	Pair Corr
1.0	CWGCX	Capital World Growth	Pair Corr
1.0	RWIFX	Capital World Growth	Pair Corr
1.0	CWICX	Capital World Growth	Pair Corr
1.0	RWIAX	Capital World Growth	Pair Corr
1.0	CWIAX	Capital World Growth	Pair Corr
1.0	WGIFX	Capital World Growth	Pair Corr
0.67	TCTGX	Transamerica Cleartrack	Pair Corr
0.66	TDKTX	Cleartrack 2015 Class	Pair Corr

Moving against Capital Mutual Fund

0.75	UISBX	Short Term Bond	Pair Corr
0.68	URSBX	Short Term Bond	Pair Corr
0.68	URUSX	Ultra Short Term	Pair Corr
0.63	UIGSX	Government Securities	Pair Corr
0.63	URGSX	Government Securities	Pair Corr
0.61	UIPMX	Precious Metals And	Pair Corr
0.36	UIITX	Intermediate Term Bond	Pair Corr
0.36	URIBX	Intermediate Term Bond	Pair Corr
0.96	UIPIX	Ultrashort Mid Cap	Pair Corr
0.94	USPSX	Profunds Ultrashort	Pair Corr
0.94	USPIX	Profunds Ultrashort	Pair Corr
0.7	UUSIX	Ultra Short Term	Pair Corr

Related Correlations Analysis

	UICGX	UIEMX	UIHIX	UIIFX	UIGIX	UIGSX	UIGRX	UIINX	UIISX	UIITX
UICGX		0.78	0.77	0.44	0.97	-0.63	0.88	-0.12	0.96	-0.36	UICGX
UIEMX	0.78		0.74	0.82	0.63	-0.2	0.5	0.25	0.73	0.05	UIEMX
UIHIX	0.77	0.74		0.44	0.74	-0.19	0.7	0.4	0.84	0.16	UIHIX
UIIFX	0.44	0.82	0.44		0.21	0.19	0.04	0.38	0.35	0.3	UIIFX
UIGIX	0.97	0.63	0.74	0.21		-0.72	0.95	-0.2	0.96	-0.44	UIGIX
UIGSX	-0.63	-0.2	-0.19	0.19	-0.72		-0.76	0.8	-0.56	0.93	UIGSX
UIGRX	0.88	0.5	0.7	0.04	0.95	-0.76		-0.28	0.87	-0.5	UIGRX
UIINX	-0.12	0.25	0.4	0.38	-0.2	0.8	-0.28		0.01	0.95	UIINX
UIISX	0.96	0.73	0.84	0.35	0.96	-0.56	0.87	0.01		-0.25	UIISX
UIITX	-0.36	0.05	0.16	0.3	-0.44	0.93	-0.5	0.95	-0.25		UIITX
	UICGX	UIEMX	UIHIX	UIIFX	UIGIX	UIGSX	UIGRX	UIINX	UIISX	UIITX

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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

UIGIX	+ 0.97	UICGX
UIISX	+ 0.96	UICGX
UIISX	+ 0.96	UIGIX
UIGRX	+ 0.95	UIGIX
UIITX	+ 0.95	UIINX
UIITX	+ 0.93	UIGSX

High negative correlations

UIGRX	- 0.76	UIGSX
UIGSX	- 0.72	UIGIX
UIGSX	- 0.63	UICGX
UIISX	- 0.56	UIGSX
UIITX	- 0.5	UIGRX
UIITX	- 0.44	UIGIX

Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital 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 Capital 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UICGX	1.01	0.08	0.00	(0.06)	0.00	0.00	2.00	(2.47)	10.20
UIEMX	1.06	0.12	0.11	0.03	1.54	(1.02)	1.93	(2.30)	8.01
UIHIX	0.18	(0.01)	0.00	(0.93)	0.00	0.00	0.30	(0.59)	1.34
UIIFX	0.91	0.22	0.15	0.15	1.40	(0.86)	1.95	(2.16)	8.80
UIGIX	1.07	0.02	0.00	(0.13)	0.00	0.00	1.78	(2.30)	11.53
UIGSX	0.23	0.03	0.59	(3.16)	0.15	(0.28)	0.57	(0.45)	1.46
UIGRX	1.61	(0.21)	0.00	1.48	0.00	0.00	2.64	(4.08)	15.72
UIINX	0.26	0.03	0.46	1.08	0.29	(0.29)	0.53	(0.52)	1.73
UIISX	0.92	0.02	0.00	(0.13)	0.00	0.00	1.49	(1.86)	9.25
UIITX	0.27	0.03	0.50	4.87	0.27	(0.30)	0.56	(0.55)	1.73

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