Smallcap Value Correlations

Mutual Funds . USA . 
Fund . Smallcap Value Fund
PLARX Fund  USD 11.77  0.02  0.17%   
The current 90-days correlation between Smallcap Value and Eagle Growth Income is 0.09 (i.e., Significant diversification). The correlation of Smallcap Value 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.

Smallcap Value Correlation With Market

Almost no diversification

The correlation between Smallcap Value Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smallcap Value Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Smallcap Value Fund. 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 Smallcap Mutual Fund

  0.94SABPX Strategic Asset ManaPairCorr
  0.94SACAX Strategic Asset ManaPairCorr
  0.94SAGPX Strategic Asset ManaPairCorr
  0.94PFIJX Strategic Asset ManaPairCorr
  0.96PFIEX International EquityPairCorr
  0.97PFIFX Strategic Asset ManaPairCorr
  0.94PFISX International Small PanyPairCorr
  0.96PFIPX Strategic Asset ManaPairCorr
  0.94SAIPX Strategic Asset ManaPairCorr
  0.97PFLJX Principal Lifetime 2050PairCorr
  0.93SAUPX Strategic Asset ManaPairCorr
  0.92PFUMX Finisterre UnconstrainedPairCorr
  0.9PGBEX Blue Chip FundPairCorr
  0.9PGBGX Blue Chip FundPairCorr
  0.9PGBHX Blue Chip FundPairCorr
  0.88PGDRX Diversified Real AssetPairCorr
  0.98PGLSX Global Multi StrategyPairCorr
  0.89STCCX Short Term IncomePairCorr
  0.99PGRTX Smallcap GrowthPairCorr
  0.97SCBPX Strategic Asset ManaPairCorr
  0.97SCIPX Strategic Asset ManaPairCorr
  0.96SCGPX Strategic Asset ManaPairCorr
  0.97PHJEX Principal Lifetime HybridPairCorr
  0.97PHJFX Principal Lifetime HybridPairCorr
  0.97PHJGX Principal Lifetime HybridPairCorr
  0.97PHJBX Principal Lifetime HybridPairCorr
  0.97PHJDX Principal Lifetime HybridPairCorr
  0.97PHJNX Principal Lifetime HybridPairCorr
  0.98PHJQX Principal Lifetime HybridPairCorr
  0.97PHJJX Principal Lifetime HybridPairCorr
  0.97PHJMX Principal Lifetime HybridPairCorr
  0.98PHJYX Principal Lifetime HybridPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Smallcap Mutual Fund performing well and Smallcap Value 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 Smallcap Value'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.

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