Small Cap Correlations

JSCAXDelisted Fund

USD 6.45 0.00 0.00%

The current 90-days correlation between Small Cap Value and Multisector Bond Sma is 0.12 (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

Excellent diversification

The correlation between Small Cap Value and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Value 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. 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 nation.

Moving against Small Mutual Fund

0.89	DFSVX	Us Small Cap	Pair Corr
0.89	KF	Korea Closed	Pair Corr
0.87	DFFVX	Us Targeted Value	Pair Corr
0.84	VISVX	Vanguard Small Cap	Pair Corr
0.8	VSCAX	Invesco Small Cap	Pair Corr
0.75	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.75	UJPIX	Ultrajapan Profund	Pair Corr
0.74	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.73	VSMCX	Invesco Small Cap	Pair Corr
0.73	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.73	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.72	EKWAX	Wells Fargo Advantage	Pair Corr
0.71	FKRCX	Franklin Gold Precious	Pair Corr
0.71	UNWPX	World Precious Minerals	Pair Corr
0.61	VSIIX	Vanguard Small Cap	Pair Corr
0.56	UBVAX	Undiscovered Managers	Pair Corr
0.55	UBVCX	Undiscovered Managers	Pair Corr
0.87	PRLAX	T Rowe Price	Pair Corr
0.85	RYYCX	Sp Smallcap 600	Pair Corr
0.84	VGSNX	Vanguard Reit Index	Pair Corr
0.76	FRBUX	Fidelity Freedom Index	Pair Corr
0.74	PSPFX	Global Resources	Pair Corr
0.74	VSMAX	Vanguard Small Cap	Pair Corr
0.73	EKWYX	Wells Fargo Advantage Steady Growth	Pair Corr
0.71	JMOSX	Janus Global Allocation	Pair Corr
0.67	AWSHX	Washington Mutual	Pair Corr
0.61	TFCYX	Tax Free Conservative	Pair Corr
0.58	LGCVX	Lord Abbett Global	Pair Corr
0.54	MNOSX	Manning Napier Overseas	Pair Corr
0.53	TRHBX	Tiaa-cref Small-cap	Pair Corr
0.44	WSACX	Wellington Shields All	Pair Corr
0.43	OPPAX	Oppenheimer Global	Pair Corr
0.37	VFIAX	Vanguard 500 Index	Pair Corr
0.92	JACRX	James Alpha Global	Pair Corr
0.89	BNMLX	Blackrock National	Pair Corr
0.88	EMLCX	Mfs Emerging Markets	Pair Corr
0.85	RDATX	American Funds 2010	Pair Corr
0.83	BRASX	Bats Series S	Pair Corr
0.79	AAGPX	American Beacon Large	Pair Corr

Related Correlations Analysis

	NEITX	TOHIX	BBINX	BXDCX	TFBIX	RGHYX	MBSAX
NEITX		0.98	0.97	0.91	0.99	0.89	0.8	NEITX
TOHIX	0.98		0.99	0.92	0.99	0.88	0.77	TOHIX
BBINX	0.97	0.99		0.95	0.99	0.92	0.8	BBINX
BXDCX	0.91	0.92	0.95		0.92	0.95	0.85	BXDCX
TFBIX	0.99	0.99	0.99	0.92		0.88	0.78	TFBIX
RGHYX	0.89	0.88	0.92	0.95	0.88		0.91	RGHYX
MBSAX	0.8	0.77	0.8	0.85	0.78	0.91		MBSAX
	NEITX	TOHIX	BBINX	BXDCX	TFBIX	RGHYX	MBSAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NEITX	0.05	0.01	0.00	1.76	0.00	0.22	0.00	0.65
TOHIX	0.07	0.01	(0.31)	(10.37)	(0.13)	0.19	(0.09)	0.65
BBINX	0.07	0.02	0.00	(5.33)	0.00	0.19	(0.10)	0.48
BXDCX	0.06	0.01	(0.47)	(0.74)	(0.14)	0.11	(0.11)	0.43
TFBIX	0.07	0.02	(0.22)	(7.11)	(0.14)	0.20	(0.10)	0.70
RGHYX	0.10	0.03	(0.16)	0.61	(0.14)	0.20	(0.10)	1.11
MBSAX	0.20	0.06	(0.03)	0.68	(0.26)	0.42	(0.29)	2.25

Small Cap Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Small Cap mutual fund to make a market-neutral strategy. Peer analysis of Small Cap could also be used in its relative valuation, which is a method of valuing Small Cap by comparing valuation metrics with similar companies.

Nebraska Municipal Fund Touchstone Ohio Tax Bbh Intermediate Municipal Barings Active Short Maryland Tax Free Bond Rbc Bluebay Global Multisector Bond Sma American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Small Cap Value?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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