The Growth Correlations

Mutual Funds . USA . 
Fund . The Growth Fund
CFGRX Fund  USD 56.39  0.45  0.80%   
The current 90-days correlation between Growth Fund and Columbia Vertible Securities is 0.66 (i.e., Poor diversification). The correlation of The 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.

The Growth Correlation With Market

Poor diversification

The correlation between The Growth Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The 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 The 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 The Mutual Fund

  0.97CFAGX Midcap GrowthPairCorr
  0.93CFMVX Commerce Midcap ValuePairCorr
  0.93CFVLX Value FundPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.83SMPSX Semiconductor UltrasectorPairCorr
  0.84SMPIX Semiconductor UltrasectorPairCorr
  0.92LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.87RSNYX Victory Global NaturalPairCorr
  0.92LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.87RSNRX Victory Global NaturalPairCorr
  0.92LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.92LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.87RGNCX Victory Global NaturalPairCorr
  0.92WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.91SMRPX Salient Mlp EnergyPairCorr
  0.96TRAIX T Rowe PricePairCorr
  0.78TRSTX T Rowe PricePairCorr
  0.75VPMAX Vanguard PrimecapPairCorr
  0.7RGPFX American Funds BalancedPairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.68PFN Pimco Income StrategyPairCorr
  0.82AMECX Income FundPairCorr
  0.98AMGOX Alger Mid CapPairCorr
  0.99RYSOX Sp 500 FundPairCorr

Moving against The Mutual Fund

  0.75CFBNX Bond FundPairCorr
  0.45CFNLX National TaxPairCorr
  0.43KTXIX Kansas TaxPairCorr
  0.41CFSTX Short TermPairCorr
  0.37CFMOX Missouri TaxPairCorr
  0.31XDHFX Dreyfus High YieldPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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