Large Capitalization Correlations

Mutual Funds . USA . 
Fund . Large Capitalization Growth
SLGYX Fund  USD 29.40  0.19  0.65%   
The current 90-days correlation between Large Capitalization and Virtus High Yield is -0.23 (i.e., Very 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

Poor diversification

The correlation between Large Capitalization Growth and DJI is 0.67 (i.e., Poor 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

  0.97SABAX Salient Alternative BetaPairCorr
  0.97SABIX Aggressive BalancedPairCorr
  0.97SABCX Salient Alternative BetaPairCorr
  0.95SAMAX Moderately AggressivePairCorr
  0.97SAMCX Salient Mlp FundPairCorr
  0.97SAMIX Moderately AggressivePairCorr
  0.88SSCCX Small CapitalizationPairCorr
  0.9SSCPX Small CapitalizationPairCorr
  0.89SSCYX Small CapitalizationPairCorr
  0.96SBCCX Moderately ConservativePairCorr
  0.97SBMCX Moderate BalancedPairCorr
  0.97SBMIX Moderate BalancedPairCorr
  0.97STPAX Technology CommunicationsPairCorr
  0.97STPCX Technology CommunicationsPairCorr
  0.97STPIX Technology CommunicationsPairCorr
  0.91SCAAX Conservative BalancedPairCorr
  0.91SUMCX Conservative BalancedPairCorr
  0.94SFPCX Financial ServicesPairCorr
  0.93SFPAX Financial ServicesPairCorr
  0.91SFPIX Financial ServicesPairCorr
  1.0SLCGX Large CapitalizationPairCorr
  0.88SLCVX Large Cap ValuePairCorr
  0.97SLGCX Large CapitalizationPairCorr
  0.88SLVCX Large Cap ValuePairCorr
  0.88SLVYX Large Cap ValuePairCorr
  0.97SMACX Moderately ConservativePairCorr

Moving against Large Mutual Fund

  0.57SHPCX Health BiotchnologyPairCorr
  0.56SBHIX Health BiotchnologyPairCorr
  0.55SHPAX Health BiotchnologyPairCorr
  0.79SQBCX Investment Quality BondPairCorr
  0.78SQBAX Investment Quality BondPairCorr
  0.76SIBPX Investment Quality BondPairCorr
  0.59SMBCX Municipal Bond PortfolioPairCorr
  0.54SMBAX Municipal Bond PortfolioPairCorr
  0.5SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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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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