My529 Growth Correlations

Mutual Funds . USA . 
Fund . My529 Growth Index
UTVGX Fund  USD 15.74  0.08  0.51%   
The current 90-days correlation between My529 Growth Index and Vanguard Total Stock is 0.41 (i.e., Very weak diversification). The correlation of My529 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.

My529 Growth Correlation With Market

Weak diversification

The correlation between My529 Growth Index and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding My529 Growth Index 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 My529 Growth Index. 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 My529 Mutual Fund

  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr
  0.97VTIAX Vanguard Total InterPairCorr
  0.99CVLOX Calamos Global GrowthPairCorr
  0.93MAUKX Pioneer Multi AssetPairCorr
  0.89AA Alcoa CorpPairCorr
  0.97CAT Caterpillar Earnings Call This WeekPairCorr
  0.96JPM JPMorgan ChasePairCorr
  0.97MSFT Microsoft Earnings Call TodayPairCorr
  0.64INTC IntelPairCorr
  0.96BAC Bank of AmericaPairCorr
  0.84MMM 3M Company Sell-off TrendPairCorr
  0.85DD Dupont De NemoursPairCorr
  0.93DIS Walt Disney Earnings Call This WeekPairCorr
  0.81PFE Pfizer Inc Earnings Call This WeekPairCorr

Moving against My529 Mutual Fund

  0.72MCD McDonalds Earnings Call This WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between My529 Mutual Fund performing well and My529 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 My529 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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