Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLVCX Fund  USD 16.21  0.10  0.62%   
The current 90-days correlation between Large Cap Value and Commonwealth Global Fund is -0.12 (i.e., Good 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

Very poor diversification

The correlation between Large Cap Value and DJI is 0.85 (i.e., Very poor 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 services.

Moving together with Large Mutual Fund

  0.95SABAX Salient Alternative BetaPairCorr
  0.97SABIX Aggressive BalancedPairCorr
  0.95SABCX Salient Alternative BetaPairCorr
  0.95SAMAX Moderately AggressivePairCorr
  0.95SAMCX Salient Mlp FundPairCorr
  0.98SAMIX Moderately AggressivePairCorr
  0.96SSCCX Saratoga Small CapitPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.96SSCYX Small CapitalizationPairCorr
  0.98SBCCX Moderately ServativePairCorr
  0.81SBHIX Health BiotchnologyPairCorr
  0.98SBMCX Moderate BalancedPairCorr
  0.98SBMIX Moderate BalancedPairCorr
  0.95STPAX Technology CommunicationsPairCorr
  0.99STPCX Technology CommunicationsPairCorr
  0.96STPIX Technology CommunicationsPairCorr
  0.96SCAAX Conservative BalancedPairCorr
  0.96SUMCX Conservative BalancedPairCorr
  0.85SHPAX Health BiotchnologyPairCorr
  0.93SHPCX Health BiotchnologyPairCorr
  0.76SIEYX International EquityPairCorr
  0.77SIECX International EquityPairCorr
  0.77SIEPX International EquityPairCorr
  1.0SLCVX Large Cap ValuePairCorr
  0.94SLGYX Large CapitalizationPairCorr
  0.98SLVYX Large Cap ValuePairCorr
  0.96SMACX Moderately ConservativePairCorr
  0.98SMICX Moderately ConservativePairCorr
  1.0SMIPX Mid CapitalizationPairCorr
  0.96SMPAX Moderate BalancedPairCorr
  0.98LUNAX Conservative BalancedPairCorr
  0.97SPMAX Mid CapitalizationPairCorr
  0.83VIMAX Vanguard Mid CapPairCorr

Moving against Large Mutual Fund

  0.96SLGCX Large CapitalizationPairCorr
  0.97SPMCX Mid CapitalizationPairCorr

Related Correlations Analysis


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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