Mid Cap Correlations

Mutual Funds USA . 
Fund . Mid Cap Value
AVUAX Fund  USD 17.85  0.02  0.11%   
The current 90-days correlation between Mid Cap Value and Nuveen Small Cap is 0.86 (i.e., Very poor 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

Very poor diversification

The correlation between Mid Cap Value and DJI is 0.83 (i.e., Very poor 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

  1.0AMDVX Mid Cap ValuePairCorr
  0.82AMEIX Equity GrowthPairCorr
  0.91AMGIX Income GrowthPairCorr
  0.95TWADX Value Fund APairCorr
  0.77TWCCX Ultra Fund CPairCorr
  0.75TWCAX Select Fund APairCorr
  0.75TWCIX Select Fund InvestorPairCorr
  0.77TWCGX Growth Fund InvestorPairCorr
  1.0AMVYX Mid Cap ValuePairCorr
  1.0AMVRX Mid Cap ValuePairCorr
  0.78TWBIX Balanced Fund InvestorPairCorr
  1.0AMVGX Mid Cap ValuePairCorr
  0.95TWEAX Equity IncomePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.77TWCUX Ultra Fund InvestorPairCorr
  0.77TWGIX Growth Fund IPairCorr
  0.89TWHIX Heritage Fund InvestorPairCorr
  0.77TWRCX Growth Fund CPairCorr
  0.84TWSCX Strategic Allocation:PairCorr
  0.88TWSAX Strategic Allocation:PairCorr
  0.88TWSMX Strategic Allocation:PairCorr
  0.75TWSIX Select Fund IPairCorr
  0.95TWVLX Value Fund InvestorPairCorr
  0.77TWUAX Ultra Fund APairCorr
  0.77TWUIX Ultra Fund IPairCorr
  0.64NPHIX High Income FundPairCorr

Moving against Mid Mutual Fund

  0.51TWACX Short Term GovernmentPairCorr
  0.49CDBCX Diversified BondPairCorr
  0.49TWARX Short Term GovernmentPairCorr
  0.46TWAVX Short Term GovernmentPairCorr
  0.46TWGAX International GrowthPairCorr
  0.46TWIEX International GrowthPairCorr
  0.65ANTUX Nt Non IntrinsicPairCorr
  0.65ANVRX American Century NonPairCorr
  0.64ANTGX Nt Non IntrinsicPairCorr
  0.64ANVMX American Century NonPairCorr
  0.64ANVHX American Century NonPairCorr
  0.44TWUOX Short Term GovernmentPairCorr
  0.43TWUSX Short Term GovernmentPairCorr
  0.36ANTMX Nt International SmallPairCorr

Related Correlations Analysis

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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.

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