Century Small Correlations

CSMVX Fund

USD 45.89 0.68 1.50%

The current 90-days correlation between Century Small Cap and T Rowe Price is 0.75 (i.e., Poor 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 0.88 (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 small area income & poverty estimates.

Moving together with Century Mutual Fund

0.75	IMIDX	Congress Mid Cap	Pair Corr
0.78	CMIDX	Congress Mid Cap	Pair Corr
0.98	CSMCX	Century Small Cap	Pair Corr
0.92	VSGAX	Vanguard Small Cap	Pair Corr
0.92	VSGIX	Vanguard Small Cap	Pair Corr
0.92	VISGX	Vanguard Small Cap	Pair Corr
0.94	VEXPX	Vanguard Explorer	Pair Corr
0.94	VEXRX	Vanguard Explorer	Pair Corr
0.73	JGMIX	Janus Triton	Pair Corr
0.73	JGMRX	Janus Triton	Pair Corr
0.71	JGMAX	Janus Triton	Pair Corr
0.71	JGMCX	Janus Triton	Pair Corr
0.75	JGMNX	Janus Triton	Pair Corr
0.78	FSMMX	Fs Multi Strategy	Pair Corr
0.81	BTMPX	Ishares Msci Eafe	Pair Corr
0.86	BTMKX	Blackrock International	Pair Corr
0.86	MDIIX	Blackrock Intern Index	Pair Corr
0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.74	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.79	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.83	FEIPX	Fa529 Eq In	Pair Corr
0.71	MXSFX	Great West Real	Pair Corr
0.85	HASAX	Horizon Active Asset	Pair Corr
0.69	CMMCX	Calvert Mortgage Access	Pair Corr
0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.83	PFGGX	Pfg American Funds	Pair Corr
0.67	FBMPX	Multimedia Portfolio	Pair Corr
0.8	MADRX	Madison Funds	Pair Corr
0.78	PRSAX	T Rowe Price	Pair Corr
0.74	CLTCX	Catalyst/lyons Tactical	Pair Corr
0.75	PQIRX	Pioneer Equity Income	Pair Corr
0.75	CDSRX	Calvert Short Duration	Pair Corr
0.8	MRBPX	Blackrock Bal Cap	Pair Corr

Related Correlations Analysis

	TCMSX	RYPNX	NSGAX	GLPIX	NWKCX	FEVIX	CIPSX	RYPRX	PRCOX
TCMSX		0.95	0.67	0.68	0.95	0.86	0.84	0.94	0.8	TCMSX
RYPNX	0.95		0.57	0.84	0.91	0.94	0.75	0.94	0.79	RYPNX
NSGAX	0.67	0.57		0.25	0.56	0.49	0.62	0.54	0.79	NSGAX
GLPIX	0.68	0.84	0.25		0.62	0.85	0.32	0.8	0.52	GLPIX
NWKCX	0.95	0.91	0.56	0.62		0.82	0.88	0.88	0.72	NWKCX
FEVIX	0.86	0.94	0.49	0.85	0.82		0.62	0.89	0.74	FEVIX
CIPSX	0.84	0.75	0.62	0.32	0.88	0.62		0.68	0.75	CIPSX
RYPRX	0.94	0.94	0.54	0.8	0.88	0.89	0.68		0.66	RYPRX
PRCOX	0.8	0.79	0.79	0.52	0.72	0.74	0.75	0.66		PRCOX
	TCMSX	RYPNX	NSGAX	GLPIX	NWKCX	FEVIX	CIPSX	RYPRX	PRCOX

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
TCMSX	1.12	0.12	0.10	0.15	1.13	(1.35)	2.37	(2.19)	6.74
RYPNX	1.03	0.13	0.12	0.15	0.99	(1.17)	2.61	(2.18)	6.03
NSGAX	0.61	0.01	(0.06)	(0.18)	0.80	(0.64)	1.20	(1.30)	3.85
GLPIX	0.50	0.17	0.15	(3.78)	0.37	(0.57)	1.20	(0.89)	3.01
NWKCX	0.79	0.02	0.02	0.08	0.82	(0.90)	2.23	(1.62)	5.44
FEVIX	0.84	0.13	0.06	0.22	1.58	(0.82)	1.38	(1.33)	18.28
CIPSX	0.87	(0.06)	(0.05)	0.01	1.02	(0.92)	2.32	(1.85)	4.92
RYPRX	1.13	0.37	0.41	0.29	0.33	(1.45)	2.86	(1.57)	16.08
PRCOX	0.60	(0.03)	(0.06)	0.01	0.84	(0.57)	1.26	(1.50)	3.70

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Century Small Correlations

Century Small Correlation With Market

Very poor diversification

Moving together with Century Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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