Small Company Correlations

DTSVX Fund

USD 29.23 0.47 1.63%

The current 90-days correlation between Small Pany Value and Small Pany Growth is 0.92 (i.e., Almost no diversification). The correlation of Small Company 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 Company Correlation With Market

Significant diversification

The correlation between Small Pany Value and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Pany Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Small Pany 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 real.

Moving together with Small Mutual Fund

0.98	WSMGX	Small Pany Growth	Pair Corr
1.0	WSMVX	Small Pany Value	Pair Corr
0.86	WFIVX	Wilshire 5000 Index	Pair Corr
0.75	WINDX	Wilshire 5000 Index	Pair Corr
0.87	WLCGX	Large Pany Growth	Pair Corr
0.95	WLCVX	Large Pany Value	Pair Corr
0.84	DTLGX	Wilshire Large	Pair Corr
0.89	DTLVX	Large Pany Value	Pair Corr
0.98	DTSGX	Small Pany Growth	Pair Corr
0.98	VSIIX	Vanguard Small Cap	Pair Corr
0.91	VISVX	Vanguard Small Cap	Pair Corr
0.91	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.98	UBVCX	Undiscovered Managers	Pair Corr
0.98	UBVAX	Undiscovered Managers	Pair Corr
0.88	UBVSX	Undiscovered Managers	Pair Corr
0.91	AVFIX	American Beacon Small	Pair Corr
0.91	LTFOX	Lord Abbett Affiliated	Pair Corr
0.84	VTMFX	Vanguard Tax Managed	Pair Corr
0.88	VIGAX	Vanguard Growth Index	Pair Corr
0.99	SCRYX	Small Cap Core	Pair Corr
0.68	RCILX	Alternative Credit Income	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.86	RYVYX	Nasdaq 100 2x	Pair Corr

Moving against Small Mutual Fund

0.55	WIORX	Wilshire Income Opport	Pair Corr
0.53	WIOPX	Wilshire Income Opport	Pair Corr

Related Correlations Analysis

	DTSGX	DTLVX	DTLGX	WSMVX	WFIVX
DTSGX		0.88	0.83	0.98	0.85	DTSGX
DTLVX	0.88		0.94	0.89	0.97	DTLVX
DTLGX	0.83	0.94		0.84	0.99	DTLGX
WSMVX	0.98	0.89	0.84		0.86	WSMVX
WFIVX	0.85	0.97	0.99	0.86		WFIVX
	DTSGX	DTLVX	DTLGX	WSMVX	WFIVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small Company 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 Company'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
DTSGX	0.97	0.08	(0.01)	0.53	1.03	(1.14)	2.40	(1.55)	7.10
DTLVX	0.54	(0.01)	(0.03)	0.11	0.43	(0.63)	1.19	(0.91)	3.79
DTLGX	0.76	0.03	0.01	0.15	1.05	(0.74)	1.96	(2.29)	5.09
WSMVX	0.92	0.12	0.01	1.52	0.81	(1.18)	2.01	(1.50)	8.06
WFIVX	0.57	0.00	(0.01)	0.13	0.65	(0.61)	1.29	(1.29)	4.08

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

2024 Macroaxis LLC