Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Equity
GTCSX Fund  USD 36.72  0.29  0.78%   
The current 90-days correlation between Small Cap Equity and Vanguard Small Cap Index is 0.18 (i.e., Average diversification). The correlation of Small 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.

Small Cap Correlation With Market

Very poor diversification

The correlation between Small Cap Equity and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Small Cap Equity. 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 state.

Moving together with Small Mutual Fund

  0.71NOVIX Glenmede InternationalPairCorr
  0.84GEQIX Equity Income PortfolioPairCorr
  0.89GWILX Woman In LeadershipPairCorr
  0.86RESGX Responsible Esg EquityPairCorr
  0.81GLSOX Secured Options PortfolioPairCorr
  0.84GQLVX Quantitative U SPairCorr
  0.89GQSCX Quantitative U SPairCorr
  0.87GTAPX Long/short PortfolioPairCorr
  0.93GTCEX Strategic Equity PorPairCorr
  0.86GTILX Large Cap GrowthPairCorr
  0.93GTLIX Large Cap CorePairCorr
  0.83GTLLX Large Cap GrowthPairCorr
  0.93GTLOX Large Cap EPairCorr
  0.9GTLSX Quantitative LongshortPairCorr
  0.81GTSOX Secured Options PortfolioPairCorr
  1.0GTSCX Small Cap EquityPairCorr
  0.91GTTMX Total Market PortfolioPairCorr
  0.9VSMAX Vanguard Small CapPairCorr
  0.94VSCIX Vanguard Small CapPairCorr
  0.9VSCPX Vanguard Small CapPairCorr
  0.94NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  0.97DFSTX Us Small CapPairCorr
  0.97PASVX T Rowe PricePairCorr
  0.97PRVIX T Rowe PricePairCorr
  0.97TRZVX T Rowe PricePairCorr
  0.97PRSVX T Rowe PricePairCorr
  0.84LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.84LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.61RSNYX Victory Global NaturalPairCorr
  0.84LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.61RSNRX Victory Global NaturalPairCorr
  0.84LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.61RGNCX Victory Global NaturalPairCorr
  0.84WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.79TWQZX Transamerica Large CapPairCorr

Moving against Small Mutual Fund

  0.56GTCIX International PortfolioPairCorr

Related Correlations Analysis

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 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 Small 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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY