Equity Growth Correlations

Mutual Funds . USA . 
Fund . Equity Growth Fund
AMEIX Fund  USD 34.55  0.19  0.55%   
The correlation of Equity 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.

Equity Growth Correlation With Market

Good diversification

The correlation between Equity Growth Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equity Growth Fund 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 Equity 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 gross domestic product.

Moving together with Equity Mutual Fund

  0.8AMDVX Mid Cap ValuePairCorr
  0.93AMGIX Income GrowthPairCorr
  0.9TWADX Value Fund APairCorr
  0.95TWCCX Ultra Fund CPairCorr
  0.94TWCAX Select Fund APairCorr
  0.98TWCIX Select Fund InvestorPairCorr
  0.98TWCGX Growth Fund InvestorPairCorr
  0.8AMVYX Mid Cap ValuePairCorr
  0.78AMVRX Mid Cap ValuePairCorr
  0.83TWBIX Balanced Fund InvestorPairCorr
  0.79AMVGX Mid Cap ValuePairCorr
  0.85TWEAX Equity IncomePairCorr
  0.82TWEIX Equity IncomePairCorr
  0.99TWCUX Ultra Fund InvestorPairCorr
  0.94TWGIX Growth Fund IPairCorr
  0.97TWHIX Heritage Fund InvestorPairCorr
  0.93TWRCX Growth Fund CPairCorr
  0.72TWSCX Strategic AllocationPairCorr
  0.89TWSAX Strategic AllocationPairCorr
  0.85TWSMX Strategic AllocationPairCorr
  0.94TWSIX Select Fund IPairCorr
  0.92TWVLX Value Fund InvestorPairCorr
  0.95TWUAX Ultra Fund APairCorr
  0.95TWUIX Ultra Fund IPairCorr
  0.65NPHIX High Income FundPairCorr

Moving against Equity Mutual Fund

  0.8CDBCX Diversified BondPairCorr
  0.74TWACX Short Term GovernmentPairCorr
  0.72TWARX Short Term GovernmentPairCorr
  0.71TWAVX Short Term GovernmentPairCorr
  0.59TWGAX International GrowthPairCorr
  0.59TWIEX International GrowthPairCorr
  0.45TWTCX Intermediate Term TaxPairCorr
  0.34TWTIX Intermediate Term TaxPairCorr
  0.74ANVRX American Century NonPairCorr
  0.73ANTUX Nt Non IntrinsicPairCorr
  0.73ANVMX American Century NonPairCorr
  0.73ANVHX American Century NonPairCorr
  0.72ANTGX Nt Non IntrinsicPairCorr
  0.66TWUOX Short Term GovernmentPairCorr
  0.65TWUSX Short Term GovernmentPairCorr
  0.51ANTSX Nt International SmallPairCorr
  0.49ANTMX Nt International SmallPairCorr
  0.4TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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