Growth Fund Correlations

Mutual Funds . USA . 
Fund . Growth Fund R6
AGRDX Fund  USD 60.80  2.13  3.38%   
The current 90-days correlation between Growth Fund R6 and Putnam Convertible Incm Gwth is 0.59 (i.e., Very weak 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

Very weak diversification

The correlation between Growth Fund R6 and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Growth Fund R6 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Growth Fund R6. 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 unemployment.

Moving together with Growth Mutual Fund

  0.93TWCGX Growth Fund InvestorPairCorr
  0.8TWBIX Balanced Fund InvestorPairCorr
  0.93TWCUX Ultra Fund InvestorPairCorr
  0.76TWSCX Strategic AllocationPairCorr
  0.89TWSAX Strategic AllocationPairCorr
  0.86TWSMX Strategic AllocationPairCorr
  0.68TWVLX Value Fund InvestorPairCorr
  0.88AOGIX One Choice PortfolioPairCorr
  0.77AOMIX One Choice PortfolioPairCorr
  0.9AOVIX One Choice PortfolioPairCorr
  0.93FAFGX American FundsPairCorr
  0.93FFAFX American FundsPairCorr
  0.93GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.97CGFFX Growth FundPairCorr
  0.93CGFCX Growth FundPairCorr
  0.93CGFAX Growth FundPairCorr
  0.97CGFEX Growth FundPairCorr
  0.97RGAEX Growth FundPairCorr

Moving against Growth Mutual Fund

  0.6TWACX Short Term GovernmentPairCorr
  0.5ANTMX Nt International SmallPairCorr
  0.42TWIEX International GrowthPairCorr
  0.51AIAVX Inflation Adjusted BondPairCorr
  0.5ACDOX American Century DivPairCorr
  0.46AGGWX Global Gold FundPairCorr
  0.45BGEIX Global Gold FundPairCorr
  0.41ARYNX Global Real EstatePairCorr
  0.65CIFRX Columbia Porate IncomePairCorr
  0.53GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.4LIIAX Columbia Porate IncomePairCorr

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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