Zevenbergen Genea Correlations

Mutual Funds . USA . 
Fund . Zevenbergen Genea Fund
ZVGNX Fund  USD 52.24  0.28  0.54%   
The current 90-days correlation between Zevenbergen Genea and Semiconductor Ultrasector Profund is -0.03 (i.e., Good diversification). The correlation of Zevenbergen Genea 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.

Zevenbergen Genea Correlation With Market

Good diversification

The correlation between Zevenbergen Genea Fund and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zevenbergen Genea Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zevenbergen Genea 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 board of governors.

Moving together with Zevenbergen Mutual Fund

  1.0ZVGIX Zevenbergen GeneaPairCorr
  0.99ZVNIX Zevenbergen GrowthPairCorr
  0.99ZVNBX Zevenbergen GrowthPairCorr
  0.76FAFGX American FundsPairCorr
  0.76FFAFX American FundsPairCorr
  0.75GFACX Growth FundPairCorr
  0.77GFAFX Growth FundPairCorr
  0.77AGTHX Growth FundPairCorr
  0.77CGFFX Growth FundPairCorr
  0.75CGFCX Growth FundPairCorr
  0.76CGFAX Growth FundPairCorr
  0.77CGFEX Growth FundPairCorr
  0.74RGAEX Growth FundPairCorr
  0.78CHASX Chase GrowthPairCorr
  0.88MLOIX Cohen Steers MlpPairCorr
  0.8PEIEX Rbb Fund TrustPairCorr
  0.91CCCRX Columbia Trarian CorePairCorr
  0.68CDGIX Crawford Dividend GrowthPairCorr
  0.93NBGIX Neuberger Berman GenesisPairCorr
  0.9SNOAX Snow Capital OpportunityPairCorr
  0.82EVFMX Evaluator Moderate RmsPairCorr
  0.64DNLAX Dreyfus Natural ResourcesPairCorr
  0.7RHGTX American Funds 2040PairCorr
  0.63CJPXX Jpmorgan Trust IPairCorr
  0.74JAKIX Jpmorgan SmartretirementPairCorr
  0.86LSEIX Persimmon Long/shortPairCorr
  0.91GGFRX Nationwide GrowthPairCorr
  0.73JAKAX Jpmorgan SmartretirementPairCorr

Moving against Zevenbergen Mutual Fund

  0.61CIFRX Columbia Porate IncomePairCorr
  0.58SRINX Columbia Porate IncomePairCorr
  0.35WARIX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Zevenbergen Mutual Fund performing well and Zevenbergen Genea 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 Zevenbergen Genea'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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