Smallcap Growth Correlations
PPNSXDelisted Fund | USD 14.03 0.00 0.00% |
The current 90-days correlation between Smallcap Growth and Jp Morgan Smartretirement is -0.03 (i.e., Good diversification). The correlation of Smallcap Growth 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 Growth Correlation With Market
Significant diversification
The correlation between Smallcap Growth Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smallcap Growth Fund and DJI in the same portfolio, assuming nothing else is changed.
Smallcap |
Moving together with Smallcap Mutual Fund
0.78 | CII | Blackrock Enhanced | PairCorr |
0.73 | ETV | Eaton Vance Tax | PairCorr |
0.67 | CLM | Cornerstone Strategic | PairCorr |
0.72 | ETY | Eaton Vance Tax | PairCorr |
0.71 | WWACX | Westwood Alternative | PairCorr |
0.72 | MHYZX | Manning Napier High | PairCorr |
0.78 | FSAWX | Fidelity Sai Convertible | PairCorr |
0.66 | EGLAX | Eagle Mlp Strategy | PairCorr |
0.8 | DBFRX | Doubleline Floating Rate | PairCorr |
0.82 | LRRVX | Floating Rate | PairCorr |
0.81 | RMMGX | Short Term Bond | PairCorr |
0.84 | ATOIX | Alpine Ultra Short | PairCorr |
0.69 | MSSMX | Small Pany Growth | PairCorr |
0.65 | SMAPX | Salient Mlp Energy | PairCorr |
0.71 | SPNNX | Invesco Steelpath Mlp | PairCorr |
0.62 | FTXNX | Fuller Thaler Behavioral | PairCorr |
0.81 | DLINX | Doubleline Flexible | PairCorr |
0.69 | MWCBX | Metropolitan West Porate | PairCorr |
0.84 | AMFIX | Aama Income Fund | PairCorr |
0.85 | USIAX | Ubs Ultra Short | PairCorr |
Moving against Smallcap Mutual Fund
0.65 | IFN | India Closed | PairCorr |
0.55 | JGMCX | Janus Triton | PairCorr |
0.54 | JGMRX | Janus Triton | PairCorr |
0.53 | JGMIX | Janus Triton | PairCorr |
0.53 | JGMAX | Janus Triton | PairCorr |
0.49 | JGMNX | Janus Triton | PairCorr |
0.32 | VEXPX | Vanguard Explorer | PairCorr |
0.32 | VEXRX | Vanguard Explorer | PairCorr |
Related Correlations Analysis
0.89 | 0.92 | 0.95 | 0.97 | 0.97 | 0.88 | JTSQX | ||
0.89 | 0.87 | 0.88 | 0.91 | 0.9 | 0.96 | SIRZX | ||
0.92 | 0.87 | 0.94 | 0.95 | 0.98 | 0.83 | BIMPX | ||
0.95 | 0.88 | 0.94 | 0.98 | 0.97 | 0.89 | TDIFX | ||
0.97 | 0.91 | 0.95 | 0.98 | 0.99 | 0.9 | JTMIX | ||
0.97 | 0.9 | 0.98 | 0.97 | 0.99 | 0.88 | TSMLX | ||
0.88 | 0.96 | 0.83 | 0.89 | 0.9 | 0.88 | PGFCX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Smallcap Mutual Fund performing well and Smallcap Growth 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 Growth'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
JTSQX | 0.50 | (0.03) | 0.00 | (0.09) | 0.00 | 0.95 | 3.95 | |||
SIRZX | 0.27 | (0.02) | 0.00 | (0.47) | 0.00 | 0.58 | 2.40 | |||
BIMPX | 0.31 | (0.02) | 0.00 | (0.12) | 0.00 | 0.63 | 2.55 | |||
TDIFX | 0.16 | (0.02) | 0.00 | (0.23) | 0.00 | 0.35 | 1.30 | |||
JTMIX | 0.26 | (0.02) | 0.00 | (0.12) | 0.00 | 0.49 | 1.95 | |||
TSMLX | 0.35 | (0.03) | 0.00 | (0.12) | 0.00 | 0.60 | 2.67 | |||
PGFCX | 0.27 | (0.02) | 0.00 | (0.54) | 0.00 | 0.58 | 2.12 |
Smallcap Growth 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 Smallcap Growth mutual fund to make a market-neutral strategy. Peer analysis of Smallcap Growth could also be used in its relative valuation, which is a method of valuing Smallcap Growth by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Still Interested in Smallcap Growth Fund?
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.