Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Equity
GTSCX Fund  USD 36.76  0.35  0.96%   
The current 90-days correlation between Small Cap Equity and John Hancock Disciplined is 0.43 (i.e., Very weak 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

Weak diversification

The correlation between Small Cap Equity 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 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 main economic indicators.

Moving together with Small Mutual Fund

  0.82NOVIX Glenmede InternationalPairCorr
  0.88GEQIX Equity Income PortfolioPairCorr
  0.92GWILX Woman In LeadershipPairCorr
  0.91RESGX Responsible Esg EquityPairCorr
  0.85GLSOX Secured Options PortfolioPairCorr
  0.89GQLVX Quantitative U SPairCorr
  0.95GQSCX Quantitative U SPairCorr
  0.91GTAPX Long/short PortfolioPairCorr
  0.92GTCEX Strategic Equity PorPairCorr
  0.75GTCIX International PortfolioPairCorr
  1.0GTCSX Small Cap EquityPairCorr
  0.85GTILX Large Cap GrowthPairCorr
  0.87GTLIX Large Cap CorePairCorr
  0.85GTLLX Large Cap GrowthPairCorr
  0.87GTLOX Large Cap EPairCorr
  0.91GTLSX Quantitative LongshortPairCorr
  0.85GTSOX Secured Options PortfolioPairCorr
  0.95GTTMX Total Market PortfolioPairCorr
  0.83VSMAX Vanguard Small CapPairCorr
  0.83VSCIX Vanguard Small CapPairCorr
  0.83VSCPX Vanguard Small CapPairCorr
  0.83NAESX Vanguard Small CapPairCorr
  0.93FSSNX Fidelity Small CapPairCorr
  0.91DFSTX Us Small CapPairCorr
  0.93PASVX T Rowe PricePairCorr
  0.94PRVIX T Rowe PricePairCorr
  0.94TRZVX T Rowe PricePairCorr
  0.94PRSVX T Rowe PricePairCorr
  0.73RSNYX Victory Global NaturalPairCorr
  0.73RSNRX Victory Global NaturalPairCorr
  0.88RMQAX Monthly RebalancePairCorr
  0.88RMQHX Monthly RebalancePairCorr

Moving against Small Mutual Fund

  0.38LGRAX Lord Abbett InvestmentPairCorr

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