Growth Fund Correlations

RGAEX Fund

USD 73.72 0.82 1.12%

The current 90-days correlation between Growth Fund and Growth Fund Of is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Growth Fund Of and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund Of 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 Growth Fund Of. 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 income.

Moving together with Growth Mutual Fund

0.84	RNEBX	New World Fund	Pair Corr
0.87	RNGGX	New Economy Fund	Pair Corr
0.99	RNGFX	New Economy Fund	Pair Corr
0.87	RNGHX	New Economy Fund	Pair Corr
0.99	RNGBX	New Economy Fund	Pair Corr
0.87	RNGAX	New Economy Fund	Pair Corr
0.99	RNGEX	New Economy Fund	Pair Corr
0.99	RNGCX	New Economy Fund	Pair Corr
0.98	AMPCX	Amcap Fund Class	Pair Corr
0.98	AMPFX	Amcap Fund Class	Pair Corr
0.97	RNPBX	New Perspective	Pair Corr
0.97	RNPAX	New Perspective	Pair Corr
0.97	RNPHX	New Perspective	Pair Corr
0.96	RNPGX	New Perspective	Pair Corr
0.97	RNPCX	New Perspective	Pair Corr
0.97	RNPFX	New Perspective	Pair Corr
0.97	RNPEX	New Perspective	Pair Corr
0.96	RNWFX	New World Fund	Pair Corr
0.95	RNWEX	New World Fund	Pair Corr
0.95	RNWHX	New World Fund	Pair Corr
0.96	RNWGX	New World Fund	Pair Corr
0.95	RNWBX	New World Fund	Pair Corr

Related Correlations Analysis

	AGTHX	AAVXF	SCRYY	AQUI	BRRAY	MSTSX	VIASP	XTWO	AIMNX	OREAF
AGTHX		0.26	0.34	0.0	-0.25	0.51	-0.03	-0.17	-0.09	0.0	AGTHX
AAVXF	0.26		0.84	0.0	-0.19	-0.49	0.03	-0.91	-0.9	0.0	AAVXF
SCRYY	0.34	0.84		0.0	0.05	-0.44	0.17	-0.85	-0.81	0.0	SCRYY
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.25	-0.19	0.05	0.0		-0.17	0.64	0.04	0.13	0.0	BRRAY
MSTSX	0.51	-0.49	-0.44	0.0	-0.17		-0.16	0.66	0.71	0.0	MSTSX
VIASP	-0.03	0.03	0.17	0.0	0.64	-0.16		-0.19	-0.11	0.0	VIASP
XTWO	-0.17	-0.91	-0.85	0.0	0.04	0.66	-0.19		0.98	0.0	XTWO
AIMNX	-0.09	-0.9	-0.81	0.0	0.13	0.71	-0.11	0.98		0.0	AIMNX
OREAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		OREAF
	AGTHX	AAVXF	SCRYY	AQUI	BRRAY	MSTSX	VIASP	XTWO	AIMNX	OREAF

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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

AIMNX	+ 0.98	XTWO
SCRYY	+ 0.84	AAVXF
AIMNX	+ 0.71	MSTSX
XTWO	+ 0.66	MSTSX
VIASP	+ 0.64	BRRAY
MSTSX	+ 0.51	AGTHX

High negative correlations

XTWO	- 0.91	AAVXF
AIMNX	- 0.9	AAVXF
XTWO	- 0.85	SCRYY
AIMNX	- 0.81	SCRYY
MSTSX	- 0.49	AAVXF
MSTSX	- 0.44	SCRYY

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AGTHX	0.84	(0.04)	(0.02)	0.03	1.28	(0.80)	1.83	(2.61)	5.65
AAVXF	0.81	(0.41)	0.00	3.90	0.00	0.00	0.00	0.00	27.06
SCRYY	2.68	(0.35)	0.00	1.32	0.00	0.00	4.41	(6.49)	28.84
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	0.69	0.06	0.00	(0.08)	0.00	0.00	0.86	0.00	13.49
MSTSX	0.56	(0.01)	(0.02)	0.07	0.68	(0.66)	1.18	(1.22)	4.07
VIASP	1.61	(0.09)	0.00	(0.30)	0.00	0.00	3.41	(4.97)	13.57
XTWO	0.09	0.04	(0.32)	(1.01)	0.00	(0.12)	0.22	(0.12)	0.65
AIMNX	0.20	0.06	(0.02)	1.80	0.00	(0.26)	0.38	(0.37)	1.10
OREAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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