World Growth Correlations
USAWX Fund | USD 32.78 0.15 0.46% |
The correlation of World 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.
World Growth Correlation With Market
Poor diversification
The correlation between World Growth Fund 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 World Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
World |
Moving together with World Mutual Fund
0.83 | UINQX | Usaa Nasdaq 100 | PairCorr |
0.83 | SRVEX | Victory Diversified Stock | PairCorr |
0.66 | SSGSX | Victory Sycamore Small | PairCorr |
0.9 | SBALX | Victory Strategic | PairCorr |
0.89 | SSVSX | Victory Special Value | PairCorr |
0.85 | SBFCX | Victory Incore Investment | PairCorr |
0.85 | SBFMX | Victory Portfolios | PairCorr |
0.64 | MMECX | Victory Integrity | PairCorr |
0.64 | MMEAX | Victory Integrity | PairCorr |
0.84 | MMIJX | Victory Integrity Mid | PairCorr |
0.64 | MMMMX | Victory Integrity | PairCorr |
0.74 | MMMSX | Victory Integrity | PairCorr |
0.89 | MNNAX | Victory Munder Multi | PairCorr |
0.79 | RSEGX | Victory Rs Small | PairCorr |
0.73 | RSDGX | Victory Rs Select | PairCorr |
0.73 | RSFYX | Victory Floating Rate | PairCorr |
1.0 | RSGGX | Victory Rs Global | PairCorr |
0.73 | RSGFX | Victory Rs Select | PairCorr |
0.87 | RSGRX | Victory Rs Growth | PairCorr |
0.79 | RSFCX | Victory Floating Rate | PairCorr |
0.77 | RSFMX | Victory Floating Rate | PairCorr |
0.74 | RSFLX | Victory Floating Rate | PairCorr |
0.79 | RSIFX | Victory Rs Science Steady Growth | PairCorr |
0.75 | RSINX | Victory Rs Investors | PairCorr |
0.75 | RSIYX | Victory Rs Investors | PairCorr |
0.67 | RSMMX | Victory Rs Small | PairCorr |
0.72 | RSMOX | Victory Rs Mid | PairCorr |
0.71 | RSPFX | Victory Rs Partners | PairCorr |
0.88 | RSNRX | Victory Global Natural | PairCorr |
0.89 | RSNYX | Victory Global Natural | PairCorr |
Moving against World Mutual Fund
0.48 | UITBX | Intermediate Term Bond | PairCorr |
0.47 | UITCX | Usaa Intermediate Term | PairCorr |
0.4 | UINCX | Income Fund Income | PairCorr |
0.39 | UNYBX | New York Bond | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between World Mutual Fund performing well and World 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 World 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
UINCX | 0.20 | (0.01) | (0.37) | (0.30) | 0.25 | 0.43 | 1.22 | |||
UINQX | 0.73 | 0.13 | 0.03 | 10.36 | 0.92 | 1.57 | 5.14 | |||
SRVEX | 0.63 | 0.11 | 0.01 | 2.72 | 0.92 | 1.54 | 5.12 | |||
UITBX | 0.21 | (0.01) | 0.00 | 0.23 | 0.00 | 0.43 | 1.21 | |||
UITCX | 0.21 | (0.02) | 0.00 | (0.77) | 0.00 | 0.43 | 1.19 | |||
UITIX | 0.13 | 0.01 | (0.26) | 0.26 | 0.14 | 0.32 | 1.19 | |||
GUTEX | 0.21 | 0.03 | (0.17) | (0.19) | 0.27 | 0.58 | 1.90 | |||
SSGSX | 0.84 | (0.03) | 0.01 | 0.08 | 0.76 | 1.77 | 7.39 | |||
SBALX | 0.35 | 0.03 | (0.14) | 0.68 | 0.38 | 0.75 | 2.07 | |||
SSVSX | 0.62 | 0.00 | 0.00 | 0.11 | 0.93 | 1.55 | 5.12 |