Blue Chip Correlations

Mutual Funds . USA . 
Fund . Blue Chip Growth
VCBCX Fund  USD 19.33  0.05  0.26%   
The current 90-days correlation between Blue Chip Growth and Sa Emerging Markets is -0.04 (i.e., Good diversification). The correlation of Blue Chip 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.

Blue Chip Correlation With Market

Almost no diversification

The correlation between Blue Chip Growth and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Chip Growth 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 Blue Chip Growth. 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 main economic indicators.

Moving together with Blue Mutual Fund

  0.98VMIDX Mid Cap IndexPairCorr
  1.0VMSGX Mid Cap StrategicPairCorr
  1.0VAPPX Valic Company IPairCorr
  1.0VSRDX Valic Company IPairCorr
  1.0VSTIX Stock Index FundPairCorr
  0.91VSSVX Small Cap SpecialPairCorr
  0.99VBCVX Broad Cap ValuePairCorr
  0.99VCAAX Asset AllocationPairCorr
  1.0VCGAX Growth IncomePairCorr
  0.97VCGEX Emerging EconomiesPairCorr
  0.94VCFVX Foreign ValuePairCorr
  0.94VCIEX International EquitiesPairCorr
  0.71VCIFX International GovernmentPairCorr
  0.99VCIGX Valic Company IPairCorr
  0.97VCINX International GrowthPairCorr
  1.0VCNIX Nasdaq 100 IndexPairCorr
  1.0VCSTX Science TechnologyPairCorr
  0.94VCSOX Global Social AwarenessPairCorr
  0.98VCSLX Small Cap IndexPairCorr
  1.0VCULX Growth Fund GrowthPairCorr
  0.99VDAFX Dynamic AllocationPairCorr
  0.95VVMCX Valic Company IPairCorr
  0.99VVSGX Valic Company IPairCorr
  0.93VVSCX Valic Company IPairCorr
  0.98VGCLX Valic Company IPairCorr
  0.99VGLSX Global StrategyPairCorr
  0.88VGREX Global Real EstatePairCorr
  0.95VHYLX Valic Company IPairCorr
  0.97VIOPX Valic Company IPairCorr
  0.99VLAGX Valic Company IPairCorr
  1.0VLCGX Large Capital GrowthPairCorr
  0.96VLSMX Valic Company IPairCorr
  1.0FAFGX American FundsPairCorr
  1.0FFAFX American FundsPairCorr
  1.0GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Blue Chip'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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