Income Growth Correlations

Mutual Funds . USA . 
Fund . Income Growth Fund
BIGRX Fund  USD 39.27  0.02  0.05%   
The current 90-days correlation between Income Growth and Jhancock Diversified Macro is 0.5 (i.e., Very weak diversification). The correlation of Income 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.

Income Growth Correlation With Market

Almost no diversification

The correlation between Income Growth Fund 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 Income 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 Income 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 metropolitan statistical area.

Moving together with Income Mutual Fund

  0.91AMDVX Mid Cap ValuePairCorr
  0.96AMEIX Equity GrowthPairCorr
  1.0AMGIX Income GrowthPairCorr
  0.97TWADX Value Fund APairCorr
  0.92TWCCX Ultra Fund CPairCorr
  0.91TWCAX Select Fund APairCorr
  0.91TWCIX Select Fund InvestorPairCorr
  0.92TWCGX Growth Fund InvestorPairCorr
  0.91AMVYX Mid Cap ValuePairCorr
  0.9AMVRX Mid Cap ValuePairCorr
  0.82TWBIX Balanced Fund InvestorPairCorr
  0.91AMVGX Mid Cap ValuePairCorr
  0.9TWEAX Equity IncomePairCorr
  0.9TWEIX Equity IncomePairCorr
  0.92TWCUX Ultra Fund InvestorPairCorr
  0.92TWGIX Growth Fund IPairCorr
  0.96TWHIX Heritage Fund InvestorPairCorr
  0.91TWRCX Growth Fund CPairCorr
  0.82TWSCX Strategic AllocationPairCorr
  0.95TWSAX Strategic AllocationPairCorr
  0.92TWSMX Strategic AllocationPairCorr
  0.91TWSIX Select Fund IPairCorr
  0.97TWVLX Value Fund InvestorPairCorr
  0.92TWUAX Ultra Fund APairCorr
  0.92TWUIX Ultra Fund IPairCorr
  0.68NPHIX High Income FundPairCorr

Moving against Income Mutual Fund

  0.71CDBCX Diversified BondPairCorr
  0.66TWACX Short Term GovernmentPairCorr
  0.64TWARX Short Term GovernmentPairCorr
  0.63TWAVX Short Term GovernmentPairCorr
  0.52TWGAX International GrowthPairCorr
  0.52TWIEX International GrowthPairCorr
  0.38TWTCX Intermediate Term TaxPairCorr
  0.69ANTUX Nt Non IntrinsicPairCorr
  0.69ANVRX American Century NonPairCorr
  0.69ANVHX American Century NonPairCorr
  0.68ANTGX Nt Non IntrinsicPairCorr
  0.68ANVMX American Century NonPairCorr
  0.58TWUOX Short Term GovernmentPairCorr
  0.56TWUSX Short Term GovernmentPairCorr
  0.43ANTSX Nt International SmallPairCorr
  0.4ANTMX Nt International SmallPairCorr
  0.32TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
RTOUX
+ 0.92
ADX
HIIDX
+ 0.81
JDJRX
DTICX
+ 0.51
HIIDX
DTICX
+ 0.42
JDJRX
  
High negative correlations   
DTICX
- 0.41
ADX
HIIDX
- 0.36
ADX
DTICX
- 0.29
RTOUX
ADX
- 0.28
JDJRX
HIIDX
- 0.26
RTOUX
RTOUX
- 0.19
JDJRX

Risk-Adjusted Indicators

There is a big difference between Income Mutual Fund performing well and Income 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 Income 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY