Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Value
ACVIX Fund  USD 9.95  0.08  0.81%   
The current 90-days correlation between Small Cap Value and Europac Gold Fund is -0.09 (i.e., Good diversification). The correlation of Small Cap 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.

Small Cap Correlation With Market

Almost no diversification

The correlation between Small Cap Value and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Small Cap Value. 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 gross domestic product.

Moving together with Small Mutual Fund

  0.85AMDVX Mid Cap ValuePairCorr
  0.66AMEIX Equity GrowthPairCorr
  1.0AMGIX Income GrowthPairCorr
  0.62CDBCX Diversified BondPairCorr
  0.85AMKIX Emerging MarketsPairCorr
  0.84TWACX Short Term GovernmentPairCorr
  0.87TWADX Value Fund APairCorr
  0.89TWCCX Ultra Fund CPairCorr
  0.84TWARX Short Term GovernmentPairCorr
  0.82TWAVX Short Term GovernmentPairCorr
  1.0AMVYX Mid Cap ValuePairCorr
  1.0AMVRX Mid Cap ValuePairCorr
  0.64TWBIX Balanced Fund InvestorPairCorr
  1.0AMVGX Mid Cap ValuePairCorr
  0.83TWEAX Equity IncomePairCorr
  0.84TWEIX Equity IncomePairCorr
  0.85TWGAX International GrowthPairCorr
  0.67TWGGX Global GrowthPairCorr
  0.87TWIEX International GrowthPairCorr
  0.85TWMIX Emerging MarketsPairCorr
  0.89TWRCX Growth Fund CPairCorr
  0.81TWTCX Intermediate Term TaxPairCorr
  0.83TWTIX Intermediate Term TaxPairCorr
  0.91TWSCX Strategic AllocationPairCorr
  0.91TWSAX Strategic AllocationPairCorr
  0.91TWSMX Strategic AllocationPairCorr
  0.82TWUSX Short Term GovernmentPairCorr
  0.88TWVLX Value Fund InvestorPairCorr
  0.83TWUOX Short Term GovernmentPairCorr
  0.79TWWOX Intermediate Term TaxPairCorr
  0.9NPHIX High Income FundPairCorr

Moving against Small Mutual Fund

  0.43TWCGX Growth Fund InvestorPairCorr
  0.43TWGIX Growth Fund IPairCorr
  0.36TWCUX Ultra Fund InvestorPairCorr
  0.38TWUAX Ultra Fund APairCorr
  0.36TWUIX Ultra Fund IPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small Cap 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 Small Cap'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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