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Finance Dictionary and Glossary of Investment Terms
A measure of how consistently a mutual fund has outperformed its equity or fixed-income peers. Value Line''s calculation of growth persistence rewards a fund only for its consistency of outperformance; the measure does not take into account the degree of outperformance. The calculation produces a raw number; this number is then ranked against those of the fund''s peers in order to derive a comparative ranking that is useful in measuring a fund''s historical record of relative performance. The growth persistence figures are also a component of Value Line''s Overall ranks.