Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLCVX Fund  USD 26.87  0.11  0.41%   
The current 90-days correlation between Large Cap Value and Firsthand Technology Opportunities is 0.08 (i.e., Significant diversification). The correlation of Large 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.

Large Cap Correlation With Market

Modest diversification

The correlation between Large Cap Value and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Large Cap Value. 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 real.

Moving together with Large Mutual Fund

  0.72SABAX Salient Alternative BetaPairCorr
  0.72SABIX Aggressive BalancedPairCorr
  0.74SABCX Salient Alternative BetaPairCorr
  0.76SAMAX Moderately AggressivePairCorr
  0.78SAMCX Salient Mlp FundPairCorr
  0.76SAMIX Moderately AggressivePairCorr
  0.98SSCCX Small CapitalizationPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.97SSCYX Small CapitalizationPairCorr
  0.76SBCCX Moderately ConservativePairCorr
  0.85SBHIX Health BiotchnologyPairCorr
  0.79SBMBX Energy Basic MaterialsPairCorr
  0.77SBMCX Moderate BalancedPairCorr
  0.75SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology CommunicationsPairCorr
  0.99STPCX Technology CommunicationsPairCorr
  0.96STPIX Technology CommunicationsPairCorr
  0.71SCAAX Conservative BalancedPairCorr
  0.79SEPIX Energy Basic MaterialsPairCorr
  0.78SEPCX Energy Basic MaterialsPairCorr
  0.83SFPCX Financial ServicesPairCorr
  0.92SFPAX Financial ServicesPairCorr
  0.9SFPIX Financial ServicesPairCorr
  0.84SHPAX Health BiotchnologyPairCorr
  0.9SHPCX Health BiotchnologyPairCorr
  0.61SIBPX Investment Quality BondPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  0.98SLGCX Large CapitalizationPairCorr
  0.99SLGYX Large CapitalizationPairCorr
  1.0SLVCX Large Cap ValuePairCorr
  0.97SLVYX Large Cap ValuePairCorr
  0.72SMBCX Municipal Bond PortfolioPairCorr
  0.69SMBAX Municipal Bond PortfolioPairCorr
  0.74SMACX Moderately ConservativePairCorr
  0.67SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
JGLTX
+ 0.84
RAGTX
JGLTX
+ 0.76
RYTIX
JGLTX
+ 0.73
TEFQX
RAGTX
+ 0.67
TEFQX
RYTIX
+ 0.61
TEFQX
RYTIX
+ 0.53
FIKHX
  
High negative correlations   
FIKHX
- 0.05
TEFQX

Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large 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 Large 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.

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