Fam Small Correlations

Mutual Funds . USA . 
Fund . Fam Small Cap
FAMFX Fund  USD 27.89  0.21  0.76%   
The current 90-days correlation between Fam Small Cap and Fam Equity Income Fund is 0.88 (i.e., Very poor diversification). The correlation of Fam 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.

Fam Small Correlation With Market

Weak diversification

The correlation between Fam Small Cap and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fam Small Cap 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 Fam 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 census.

Moving together with Fam Mutual Fund

  0.93FAMEX Fam Equity IncomePairCorr
  0.96FAMDX Fam Small CapPairCorr
  0.98FAMWX Fam Value FundPairCorr
  0.98FAMVX Fam Value FundPairCorr
  0.65VSGAX Vanguard Small CapPairCorr
  0.65VSGIX Vanguard Small CapPairCorr
  0.64VISGX Vanguard Small CapPairCorr
  0.97VEXPX Vanguard ExplorerPairCorr
  0.97VEXRX Vanguard ExplorerPairCorr
  0.78JGMIX Janus TritonPairCorr
  0.77JGMRX Janus TritonPairCorr
  0.79JGMAX Janus TritonPairCorr
  0.76JGMCX Janus TritonPairCorr
  0.81JGMNX Janus TritonPairCorr
  0.75GPBFX Gmo E PlusPairCorr
  0.73WARCX Wells Fargo AdvantagePairCorr
  0.66OANMX Oakmark Fund InstituPairCorr
  0.83VVIMX Voya Vacs IndexPairCorr
  0.63VOLJX Abr 7525 VolatilityPairCorr
  0.75MSTGX Morningstar Global IncomePairCorr
  0.82JQLBX Multimanager LifestylePairCorr

Moving against Fam Mutual Fund

  0.32GSMHX Gmo Sgm MajorPairCorr
  0.56JSORX Jpmorgan Strategic IncomePairCorr
  0.36PQTAX Pimco Trends ManagedPairCorr
  0.35PQTNX Pimco Trends ManagedPairCorr
  0.35PQTIX Aa Pimco TrPairCorr
  0.31GSMFX Gmo Sgm MajorPairCorr
  0.39AQMIX Aqr Managed FuturesPairCorr
  0.37SDGFX Sdit Short DurationPairCorr

Related Correlations Analysis

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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   
FAMVX
+ 0.95
FAMEX
SSHVX
+ 0.9
FAMVX
SSHVX
+ 0.88
FAMEX
SEUPX
+ 0.69
FAMVX
SEUPX
+ 0.65
FAMEX
SEUPX
+ 0.39
CYPSX
  
High negative correlations   
CYPSX
- 0.21
FAMEX
CYPSX
- 0.2
SSHVX

Risk-Adjusted Indicators

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

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