Small Capitalization Correlations

Mutual Funds . USA . 
Fund . Small Capitalization Portfolio
SSCYX Fund  USD 7.22  0.11  1.55%   
The current 90-days correlation between Small Capitalization and Vanguard Small Cap Index is 0.06 (i.e., Significant diversification). The correlation of Small 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.

Small Capitalization Correlation With Market

Very poor diversification

The correlation between Small Capitalization Portfolio and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Capitalization Portfolio 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 Small Capitalization Portfolio. 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 Small Mutual Fund

  0.95SABAX Salient Alternative BetaPairCorr
  0.93SABIX Aggressive BalancedPairCorr
  0.95SABCX Salient Alternative BetaPairCorr
  0.89SAMAX Moderately AggressivePairCorr
  0.95SAMCX Salient Mlp FundPairCorr
  0.95SAMIX Moderately AggressivePairCorr
  1.0SSCCX Small CapitalizationPairCorr
  1.0SSCPX Small CapitalizationPairCorr
  0.94SBCCX Moderately ConservativePairCorr
  0.95SBMCX Moderate BalancedPairCorr
  0.94SBMIX Moderate BalancedPairCorr
  0.9STPAX Technology CommunicationsPairCorr
  0.9STPCX Technology CommunicationsPairCorr
  0.9STPIX Technology CommunicationsPairCorr
  0.89SCAAX Conservative BalancedPairCorr
  0.91SUMCX Conservative BalancedPairCorr
  0.84SFPCX Financial ServicesPairCorr
  0.84SFPAX Financial ServicesPairCorr
  0.77SFPIX Financial ServicesPairCorr
  0.89SLCGX Large CapitalizationPairCorr
  0.87SLCVX Large Cap ValuePairCorr
  0.85SLGCX Large CapitalizationPairCorr
  0.89SLGYX Large CapitalizationPairCorr
  0.87SLVCX Large Cap ValuePairCorr
  0.87SLVYX Large Cap ValuePairCorr
  0.94SMACX Moderately ConservativePairCorr

Moving against Small Mutual Fund

  0.62SQBAX Investment Quality BondPairCorr
  0.62SQBCX Investment Quality BondPairCorr
  0.6SIBPX Investment Quality BondPairCorr
  0.48SMBCX Municipal Bond PortfolioPairCorr
  0.44SMBAX Municipal Bond PortfolioPairCorr
  0.41SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY