Disciplined Growth Correlations

DGIFX Fund

USD 25.65 0.13 0.50%

The current 90-days correlation between The Disciplined Growth and Fidelity Advisor Large is 0.79 (i.e., Poor diversification). The correlation of Disciplined 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.

Disciplined Growth Correlation With Market

Poor diversification

The correlation between The Disciplined Growth and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Disciplined Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The Disciplined Growth. 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 census.

Moving together with Disciplined Mutual Fund

0.77	FFIFX	American Funds	Pair Corr
0.67	FAIFX	American Funds	Pair Corr
0.72	IFACX	Income Fund	Pair Corr
0.66	AMECX	Income Fund	Pair Corr
0.72	RIDBX	Income Fund	Pair Corr
0.77	RIDFX	Income Fund	Pair Corr
0.72	CIMCX	Income Fund	Pair Corr
0.76	CIMFX	Income Fund	Pair Corr
0.67	IVHIX	Ivy High Income	Pair Corr
0.8	DFSVX	Us Small Cap	Pair Corr
0.82	MDCPX	Blackrock Bal Cap	Pair Corr
0.61	PSDTX	Putnam Short Duration	Pair Corr
0.73	GMAWX	Gmo Small Cap Downward Rally	Pair Corr
0.89	ADX	Adams Diversified Equity	Pair Corr
0.91	ANCFX	American Funds Funda	Pair Corr
0.83	TFBRX	American Beacon Twen	Pair Corr
0.83	TRFHX	T Rowe Price	Pair Corr
0.61	BDJ	Blackrock Enhanced Equity	Pair Corr
0.85	VEXRX	Vanguard Explorer	Pair Corr
0.96	PRWAX	T Rowe Price	Pair Corr
0.74	FMAGX	Fidelity Magellan	Pair Corr
0.62	DMO	Western Asset Mortgage	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.8	TNHIX	1290 High Yield	Pair Corr
0.94	PLFIX	Largecap Sp 500	Pair Corr
0.75	MKCPX	Blackrock Balanced	Pair Corr
0.92	CAGIX	Calvert Aggressive	Pair Corr
0.64	UCAGX	Cornerstone Aggressive	Pair Corr

Moving against Disciplined Mutual Fund

0.63

CIFRX

Columbia Porate Income

Pair Corr

Related Correlations Analysis

	FIDLX	DDDCX	DDDAX	DDDIX	CSRYX
FIDLX		0.77	0.79	0.81	0.81	FIDLX
DDDCX	0.77		1.0	1.0	0.83	DDDCX
DDDAX	0.79	1.0		1.0	0.83	DDDAX
DDDIX	0.81	1.0	1.0		0.83	DDDIX
CSRYX	0.81	0.83	0.83	0.83		CSRYX
	FIDLX	DDDCX	DDDAX	DDDIX	CSRYX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIDLX	0.46	0.05	0.06	0.16	0.28	(0.52)	1.18	(0.86)	3.84
DDDCX	0.75	(0.06)	(0.05)	0.03	1.06	(0.86)	1.46	(1.19)	7.98
DDDAX	0.74	(0.05)	(0.05)	0.04	0.99	(0.87)	1.47	(1.17)	7.73
DDDIX	0.74	(0.05)	(0.05)	0.04	0.96	(0.87)	1.46	(1.20)	7.50
CSRYX	0.50	(0.04)	(0.12)	0.04	0.50	(0.63)	1.06	(0.77)	4.43

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