Dynamic Growth Correlations

Mutual Funds . USA . 
Fund . Dynamic Growth Fund
FLDGX Fund  USD 15.83  0.02  0.13%   
The current 90-days correlation between Dynamic Growth and Quantex Fund Adviser is 0.98 (i.e., Almost no diversification). The correlation of Dynamic 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.

Dynamic Growth Correlation With Market

Very poor diversification

The correlation between Dynamic Growth Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Growth Fund 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 Dynamic 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 price.

Moving together with Dynamic Mutual Fund

  0.98SRUAX Spectrum Fund AdviserPairCorr
  0.98SRUIX Spectrum Fund InstitPairCorr
  0.97QNTAX Quantex Fund AdviserPairCorr
  0.97QNTIX Quantex Fund InstituPairCorr
  0.99BLNIX Balanced Fund InstitPairCorr
  0.99BLNAX Balanced Fund AdviserPairCorr
  0.74FLBDX Total Return BondPairCorr
  0.96FLCGX Quantex Fund RetailPairCorr
  0.92FLDOX Dividend OpportunitiesPairCorr
  0.99FLDFX Balanced Fund RetailPairCorr
  0.78FLFGX Global OpportunitiesPairCorr
  0.98FLMIX Muirfield Fund InstiPairCorr
  0.98FLMFX Muirfield Fund RetailPairCorr
  0.97FLMAX Muirfield Fund AdviserPairCorr
  0.98FLSPX Spectrum Fund RetailPairCorr
  0.93DVOIX Dividend OpportunitiesPairCorr
  0.93DVOAX Dividend OpportunitiesPairCorr
  0.76BNDAX Total Return BondPairCorr
  0.76BNDIX Total Return BondPairCorr
  0.8GBPAX Global OpportunitiesPairCorr
  0.8GBPIX Global OpportunitiesPairCorr
  1.0DYGIX Dynamic GrowthPairCorr
  1.0DYGAX Dynamic GrowthPairCorr
  0.96CGRGX American Funds GrowthPairCorr
  0.96FPGGX American Funds GrowthPairCorr
  0.96FGPGX American Funds GrowthPairCorr
  0.83MUTHX Franklin Mutual SharesPairCorr
  0.83TESRX Franklin Mutual SharesPairCorr
  0.83FMSHX Franklin Mutual SharesPairCorr
  0.96GWPCX American Funds GrowthPairCorr
  0.96GWPFX American Funds GrowthPairCorr
  0.96GWPAX American Funds GrowthPairCorr
  0.96CGQGX American Funds GrowthPairCorr

Moving against Dynamic Mutual Fund

  0.39LIIAX Columbia Porate IncomePairCorr
  0.38SRINX Columbia Porate IncomePairCorr
  0.31CIFRX Columbia Porate IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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