Century Small Correlations

CSMCX Fund

USD 52.41 0.75 1.41%

The current 90-days correlation between Century Small Cap and Miller Vertible Bond is -0.05 (i.e., Good diversification). The correlation of Century Small 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.

Century Small Correlation With Market

Very poor diversification

The correlation between Century Small Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Small Cap 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 Century Small Cap. 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 unemployment.

Moving together with CENTURY Mutual Fund

0.83	IMIDX	Congress Mid Cap Potential Growth	Pair Corr
0.83	CMIDX	Congress Mid Cap Potential Growth	Pair Corr
0.91	CSMVX	Century Small Cap	Pair Corr
0.88	VSGAX	Vanguard Small Cap	Pair Corr
0.88	VSGIX	Vanguard Small Cap	Pair Corr
0.88	VISGX	Vanguard Small Cap	Pair Corr
0.9	VEXPX	Vanguard Explorer	Pair Corr
0.91	VEXRX	Vanguard Explorer	Pair Corr
0.79	JGMIX	Janus Triton	Pair Corr
0.81	JGMAX	Janus Triton	Pair Corr
0.76	JGMCX	Janus Triton	Pair Corr
0.81	JGMNX	Janus Triton	Pair Corr
0.77	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.79	OEPSX	Oil Equipment Services	Pair Corr
0.76	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.76	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.79	OEPIX	Oil Equipment Services	Pair Corr
0.89	MPHLX	Massmutual Premier High	Pair Corr
0.68	PGROX	Dreyfus Worldwide Growth	Pair Corr
0.94	WEMMX	Teton Westwood Mighty	Pair Corr
0.88	VYROX	Voya Solution Moderately	Pair Corr
0.66	TGRKX	Tiaa Cref Green	Pair Corr
0.77	DSTIX	Dreyfus Short Term	Pair Corr
0.85	ASMRX	Strategic Allocation:	Pair Corr
0.89	VEUSX	Vanguard European Stock	Pair Corr
0.74	GMDPX	Goldman Sachs Short	Pair Corr
0.9	VLXVX	Vanguard Target Reti	Pair Corr
0.86	RIRFX	Capital Income Builder	Pair Corr
0.91	FFCGX	Fa 529 Aggressive	Pair Corr
0.9	TVFVX	Third Avenue Value	Pair Corr
0.82	OSINX	Oppenheimer Strat Incm	Pair Corr
0.77	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.86	AOCIX	One Choice Portfolio	Pair Corr

Moving against CENTURY Mutual Fund

0.57

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	AVK	PRCCX	VAADX	XNCVX	FSAWX	LBFFX	MCFCX
AVK		0.94	0.89	0.9	0.73	0.9	0.85	AVK
PRCCX	0.94		0.89	0.92	0.85	0.99	0.94	PRCCX
VAADX	0.89	0.89		0.85	0.83	0.89	0.86	VAADX
XNCVX	0.9	0.92	0.85		0.82	0.92	0.89	XNCVX
FSAWX	0.73	0.85	0.83	0.82		0.92	0.96	FSAWX
LBFFX	0.9	0.99	0.89	0.92	0.92		0.97	LBFFX
MCFCX	0.85	0.94	0.86	0.89	0.96	0.97		MCFCX
	AVK	PRCCX	VAADX	XNCVX	FSAWX	LBFFX	MCFCX

Risk-Adjusted Indicators

There is a big difference between CENTURY Mutual Fund performing well and Century Small 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 Century Small'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
AVK	0.49	0.05	0.00	0.20	0.37	(0.61)	1.06	(0.79)	2.56
PRCCX	0.70	0.07	0.06	0.19	0.66	(0.77)	1.56	(1.37)	3.83
VAADX	0.84	0.31	0.33	2.54	0.28	(1.09)	1.69	(1.25)	13.56
XNCVX	0.67	0.11	0.05	1.26	0.61	(0.84)	1.60	(1.51)	4.35
FSAWX	0.09	0.05	(0.23)	5.96	0.00	(0.14)	0.19	(0.09)	0.56
LBFFX	0.77	0.11	0.09	0.25	0.72	(0.83)	1.97	(1.45)	4.09
MCFCX	0.21	0.03	(0.11)	0.20	0.00	(0.29)	0.55	(0.38)	1.22

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