Large Capitalization Correlations

Mutual Funds . USA . 
Fund . Large Capitalization Growth
SLGCX Fund  USD 1.99  0.00  0.00%   
The current 90-days correlation between Large Capitalization and Artisan Small Cap is 0.11 (i.e., Average 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

Average diversification

The correlation between Large Capitalization Growth and DJI is 0.17 (i.e., Average diversification) 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 manufacturing.

Moving together with Large Mutual Fund

  0.82SFPIX Financial ServicesPairCorr

Moving against Large Mutual Fund

  0.99STPCX Technology MunicationsPairCorr
  0.96STPIX Technology MunicationsPairCorr
  0.95SSCYX Small CapitalizationPairCorr
  0.94SABCX Salient Alternative BetaPairCorr
  0.94SSCCX Saratoga Small CapitPairCorr
  0.94SBCCX Moderately ServativePairCorr
  0.94SUMCX Conservative BalancedPairCorr
  0.93SBMIX Moderate BalancedPairCorr
  0.9SABAX Salient Alternative BetaPairCorr
  0.9SAMCX Salient Mlp FundPairCorr
  0.9SSCPX Small CapitalizationPairCorr
  0.9SCAAX Conservative BalancedPairCorr
  0.89SAMIX Moderately AggressivePairCorr
  0.79STPAX Technology MunicationsPairCorr
  0.78SABIX Aggressive BalancedPairCorr
  0.78SBMCX Moderate BalancedPairCorr
  0.76SAMAX Moderately AggressivePairCorr
  0.7SBHIX Health BiotchnologyPairCorr
  0.53SHPCX Health BiotchnologyPairCorr
  0.46SHPAX Health BiotchnologyPairCorr
  0.99SLVCX Large Cap ValuePairCorr
  0.98SLCVX Large Cap ValuePairCorr
  0.98SLGYX Large CapitalizationPairCorr
  0.95SLVYX Large Cap ValuePairCorr
  0.95SPMAX Mid CapitalizationPairCorr
  0.94SMPAX Moderate BalancedPairCorr
  0.9SMACX Moderately ServativePairCorr
  0.9LUNAX Conservative BalancedPairCorr
  0.88SMIPX Mid CapitalizationPairCorr
  0.76SMICX Moderately ServativePairCorr
  0.7SIEPX International EquityPairCorr
  0.64SIEYX International EquityPairCorr
  0.63SIECX International EquityPairCorr

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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