Mid Cap Correlations

AVUAX Fund

USD 14.80 0.13 0.87%

The current 90-days correlation between Mid Cap Value and Hartford Schroders Emerging is -0.03 (i.e., Good diversification). The correlation of Mid 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.

Mid Cap Correlation With Market

Good diversification

The correlation between Mid Cap Value and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid 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 Mid 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 nation.

Moving together with Mid Mutual Fund

0.64	AMDVX	Mid Cap Value	Pair Corr
0.91	AMEIX	Equity Growth	Pair Corr
0.93	AMGIX	Income Growth	Pair Corr
0.98	TWADX	Value Fund A	Pair Corr
0.93	TWCCX	Ultra Fund C	Pair Corr
0.93	TWCAX	Select Fund A	Pair Corr
0.91	TWCIX	Select Fund Investor	Pair Corr
0.93	TWCGX	Growth Fund Investor	Pair Corr
0.91	AMVYX	Mid Cap Value	Pair Corr
0.91	AMVRX	Mid Cap Value	Pair Corr
0.91	AMVGX	Mid Cap Value	Pair Corr
0.99	TWEAX	Equity Income	Pair Corr
0.99	TWEIX	Equity Income	Pair Corr
0.74	TWGAX	International Growth	Pair Corr
0.93	TWGIX	Growth Fund I	Pair Corr
0.93	TWGGX	Global Growth	Pair Corr
0.94	TWHIX	Heritage Fund Investor Potential Growth	Pair Corr
0.92	TWRCX	Growth Fund C	Pair Corr
0.82	TWSCX	Strategic Allocation	Pair Corr
0.86	TWSAX	Strategic Allocation	Pair Corr
0.82	TWSMX	Strategic Allocation	Pair Corr
0.9	TWSIX	Select Fund I	Pair Corr
0.98	TWVLX	Value Fund Investor	Pair Corr
0.9	TWUAX	Ultra Fund A	Pair Corr
0.88	TWUIX	Ultra Fund I	Pair Corr
0.62	NPHIX	High Income Fund	Pair Corr

Moving against Mid Mutual Fund

0.38

ANOHX

American Century Small

Pair Corr

Related Correlations Analysis

	SEMVX	TIDDX	PRIDX	PRHYX	MAMAX	TESIX	TWCAX
SEMVX		0.37	0.37	0.57	0.03	0.2	0.5	SEMVX
TIDDX	0.37		1.0	0.79	-0.22	0.6	0.83	TIDDX
PRIDX	0.37	1.0		0.79	-0.22	0.6	0.83	PRIDX
PRHYX	0.57	0.79	0.79		-0.03	0.66	0.71	PRHYX
MAMAX	0.03	-0.22	-0.22	-0.03		0.45	-0.38	MAMAX
TESIX	0.2	0.6	0.6	0.66	0.45		0.29	TESIX
TWCAX	0.5	0.83	0.83	0.71	-0.38	0.29		TWCAX
	SEMVX	TIDDX	PRIDX	PRHYX	MAMAX	TESIX	TWCAX

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

PRIDX	+ 1.0	TIDDX
TWCAX	+ 0.83	TIDDX
TWCAX	+ 0.83	PRIDX
PRHYX	+ 0.79	TIDDX
PRHYX	+ 0.79	PRIDX
TWCAX	+ 0.71	PRHYX

High negative correlations

TWCAX	- 0.38	MAMAX
MAMAX	- 0.22	PRIDX
MAMAX	- 0.22	TIDDX
MAMAX	- 0.03	PRHYX

Risk-Adjusted Indicators

There is a big difference between Mid Mutual Fund performing well and Mid 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 Mid 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SEMVX	0.81	0.06	0.01	0.45	1.05	(0.84)	1.59	(1.44)	5.34
TIDDX	0.59	0.08	0.07	0.17	0.65	(0.64)	1.16	(1.25)	4.06
PRIDX	0.59	0.08	0.07	0.17	0.65	(0.64)	1.15	(1.24)	4.07
PRHYX	0.12	0.01	(0.21)	(0.52)	0.00	(0.24)	0.34	(0.34)	0.84
MAMAX	0.43	(0.07)	0.00	(2.62)	0.00	0.00	0.62	(0.67)	6.92
TESIX	0.59	(0.01)	(0.06)	(0.01)	1.10	(0.51)	1.18	(1.22)	6.04
TWCAX	0.95	0.24	0.15	(10.20)	0.96	(1.06)	2.21	(1.77)	14.37

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC