Small Company Correlations

MSSGX Fund

USD 14.99 0.46 2.98%

The current 90-days correlation between Small Pany Growth and Mid Cap Growth is 0.02 (i.e., Significant diversification). The correlation of Small Company 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 Company Correlation With Market

Good diversification

The correlation between Small Pany Growth and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Pany Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Small Pany Growth. 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 price.

Moving together with Small Mutual Fund

0.9	MLMAX	Global E Portfolio	Pair Corr
0.89	MLMCX	Global E Portfolio	Pair Corr
0.89	MLNSX	Global Centrated Por	Pair Corr
0.9	MLMIX	Global E Portfolio	Pair Corr
0.9	MLMSX	Global E Portfolio	Pair Corr
0.88	MLNCX	Global Centrated Por	Pair Corr
0.88	MLNAX	Global Centrated Por	Pair Corr
0.89	MLNIX	Global Centrated Por	Pair Corr
0.99	MMCGX	Mid Cap Growth Steady Growth	Pair Corr
0.8	THYUX	High Yield Fund	Pair Corr
0.99	MPAIX	Advantage Portfolio Class	Pair Corr
0.97	MPEGX	Mid Cap Growth Steady Growth	Pair Corr
0.9	TLGUX	Large Cap Equity	Pair Corr
0.7	MRETX	Msif Real Estate	Pair Corr
0.63	MRGOX	Msif Global Infrastr	Pair Corr
0.83	MRHYX	Msift High Yield	Pair Corr
0.62	MRNPX	Msif International	Pair Corr
0.87	MAAQX	Morgan Stanley Insti	Pair Corr

Moving against Small Mutual Fund

0.75	TIIUX	Core Fixed Income	Pair Corr
0.73	TIEUX	International Equity	Pair Corr
0.68	MPFDX	Corporate Bond Portfolio	Pair Corr
0.6	TILUX	Inflation Linked Fixed	Pair Corr
0.36	MRJCX	Real Assets Portfolio	Pair Corr
0.33	MRJAX	Real Assets Portfolio	Pair Corr
0.31	MRJSX	Real Assets Portfolio	Pair Corr

Related Correlations Analysis

	MPEGX	MSEQX	MSUSX	CPODX	MGEMX
MPEGX		0.99	0.71	0.98	0.16	MPEGX
MSEQX	0.99		0.69	0.98	0.11	MSEQX
MSUSX	0.71	0.69		0.7	0.31	MSUSX
CPODX	0.98	0.98	0.7		0.13	CPODX
MGEMX	0.16	0.11	0.31	0.13		MGEMX
	MPEGX	MSEQX	MSUSX	CPODX	MGEMX

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 Company 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 Company'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MPEGX	1.27	0.37	0.32	0.36	0.78	(1.62)	3.19	(1.54)	7.28
MSEQX	1.32	0.38	0.33	0.35	0.83	(1.64)	3.37	(2.12)	8.33
MSUSX	0.48	0.12	0.04	(1.40)	0.32	(0.71)	1.19	(0.80)	3.71
CPODX	1.30	0.51	0.32	(2.03)	0.81	(1.64)	3.16	(1.96)	7.49
MGEMX	0.76	(0.03)	0.00	0.73	0.00	0.00	1.41	(1.69)	4.23

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