Fisher Small Correlations

IUSCX Fund  USD 11.76  0.12  1.03%   
The current 90-days correlation between Fisher Small Cap and The Hartford Servative is 0.82 (i.e., Very poor diversification). The correlation of Fisher 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.

Fisher Small Correlation With Market

FisherDowDiversified AwayFisherDowDiversified Away100%

Very weak diversification

The correlation between Fisher Small Cap and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fisher Small Cap 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 Fisher 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 main economic indicators.

Moving together with Fisher Mutual Fund

  0.79ILESX Fisher InvestmentsPairCorr
  0.93VSGAX Vanguard Small CapPairCorr
  0.93VSGIX Vanguard Small CapPairCorr
  0.93VISGX Vanguard Small CapPairCorr
  0.86VEXPX Vanguard ExplorerPairCorr
  0.86VEXRX Vanguard ExplorerPairCorr
  0.8JGMIX Janus TritonPairCorr
  0.8JGMRX Janus TritonPairCorr
  0.8JGMAX Janus TritonPairCorr
  0.79JGMCX Janus TritonPairCorr
  0.78JGMNX Janus TritonPairCorr

Moving against Fisher Mutual Fund

  0.67TMPFX Tactical Multi PurposePairCorr
  0.31IAFEX Fisher All ForeignPairCorr
  0.57SDGFX Sdit Short DurationPairCorr
  0.43LIFAX Lord Abbett InflationPairCorr
  0.43NEARX Near Term TaxPairCorr
  0.38GSZAX Goldman Sachs StrategicPairCorr
  0.37RRIGX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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