Smallcap Value Correlations

Mutual Funds . USA . 
Fund . Smallcap Value Fund
PPVIX Fund  USD 11.11  0.25  2.20%   
The current 90-days correlation between Smallcap Value and Aig Government Money is 0.55 (i.e., Very weak 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

SmallcapDowDiversified AwaySmallcapDowDiversified Away100%

Modest diversification

The correlation between Smallcap Value Fund and DJI is 0.25 (i.e., Modest 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 gross domestic product.

Moving together with Smallcap Mutual Fund

  0.94SABPX Strategic Asset ManaPairCorr
  0.94SACAX Strategic Asset ManaPairCorr
  0.95SAGPX Strategic Asset ManaPairCorr
  0.73SAIPX Strategic Asset ManaPairCorr
  0.92PFLJX Principal Lifetime 2050PairCorr
  0.81PFRSX Real Estate Securities Steady GrowthPairCorr
  0.81PGBEX Blue Chip FundPairCorr
  0.8PGBGX Blue Chip FundPairCorr
  0.8PGBHX Blue Chip FundPairCorr
  0.63PGDRX Diversified Real AssetPairCorr
  0.98PGRTX Smallcap GrowthPairCorr
  0.74PGRUX Global Real EstatePairCorr
  0.92PGSLX Principal Global SusPairCorr
  0.75PGRKX Global Real EstatePairCorr
  0.95SCBPX Strategic Asset ManaPairCorr
  0.77SCIPX Strategic Asset ManaPairCorr
  0.96SCGPX Strategic Asset ManaPairCorr
  0.62PHJGX Principal Lifetime HybridPairCorr
  0.62PHJBX Principal Lifetime HybridPairCorr

Moving against Smallcap Mutual Fund

  0.42PGLSX Global Multi StrategyPairCorr

Related Correlations Analysis

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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.

Trending Assets

FITSX
Federated Government
8.97  0.04  0.45 
FCSCX
Franklin Adjustable
7.56  0.01  0.13 
ACASX
Access Capital Munity
7.67  -0.01  -0.13 
SMAAX
Aig Government Money
10.14  0.01  0.1 
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