Large Capitalization Correlations

Mutual Funds . USA . 
Fund . Large Capitalization Growth
SLGCX Fund  USD 1.86  0.03  1.59%   
The current 90-days correlation between Large Capitalization and Artisan High Income is -0.08 (i.e., Good diversification). The correlation of Large Capitalization 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 Capitalization Correlation With Market

Pay attention - limited upside

The correlation between Large Capitalization Growth and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Capitalization Growth 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 Capitalization 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 private.

Moving together with Large Mutual Fund

  0.96SPMCX Mid CapitalizationPairCorr

Moving against Large Mutual Fund

  0.98SABCX Salient Alternative BetaPairCorr
  0.98SAMCX Salient Mlp FundPairCorr
  0.98SAMIX Moderately AggressivePairCorr
  0.98SBCCX Moderately ServativePairCorr
  0.98SBMCX Moderate BalancedPairCorr
  0.98SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology CommunicationsPairCorr
  0.97SABIX Aggressive BalancedPairCorr
  0.96STPCX Technology CommunicationsPairCorr
  0.96SCAAX Conservative BalancedPairCorr
  0.96SUMCX Conservative BalancedPairCorr
  0.96SLCVX Large Cap ValuePairCorr
  0.95SABAX Salient Alternative BetaPairCorr
  0.95SAMAX Moderately AggressivePairCorr
  0.95SSCCX Saratoga Small CapitPairCorr
  0.95SSCYX Small CapitalizationPairCorr
  0.92SSCPX Small CapitalizationPairCorr
  0.92STPIX Technology CommunicationsPairCorr
  0.9SHPCX Health BiotchnologyPairCorr
  0.84SHPAX Health BiotchnologyPairCorr
  0.83SBHIX Health BiotchnologyPairCorr
  0.76SIECX International EquityPairCorr
  0.74SIEYX International EquityPairCorr
  0.74SIEPX International EquityPairCorr
  0.99SPMAX Mid CapitalizationPairCorr
  0.98SLVYX Large Cap ValuePairCorr
  0.98SMICX Moderately ConservativePairCorr
  0.98LUNAX Conservative BalancedPairCorr
  0.97SLGYX Large CapitalizationPairCorr
  0.97SLVCX Large Cap ValuePairCorr
  0.96SMACX Moderately ConservativePairCorr
  0.96SMIPX Mid CapitalizationPairCorr
  0.95SMPAX Moderate BalancedPairCorr
  0.87FSMMX Fs Multi StrategyPairCorr
  0.85FAFGX American FundsPairCorr
  0.85FFAFX American FundsPairCorr
  0.85CGFFX Growth FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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