Mid Cap Correlations

VMIDX Fund

USD 29.20 0.33 1.14%

The current 90-days correlation between Mid Cap Index and Doubleline Total Return is 0.2 (i.e., Modest diversification). The correlation of Mid 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.

Mid Cap Correlation With Market

Weak diversification

The correlation between Mid Cap Index and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Index 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 Mid Cap Index. 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 unemployment.

Moving together with Mid Mutual Fund

0.92	VMSGX	Mid Cap Strategic	Pair Corr
0.93	VSRDX	Valic Company I	Pair Corr
0.74	VSTIX	Stock Index Fund	Pair Corr
0.9	VSSVX	Small Cap Special	Pair Corr
0.94	VBCVX	Broad Cap Value	Pair Corr
0.91	VCAAX	Asset Allocation	Pair Corr
0.66	VCBDX	Valic Company I	Pair Corr
0.81	VCGAX	Growth Income	Pair Corr
0.62	VCGSX	Government Securities	Pair Corr
0.91	VCIGX	Valic Company I	Pair Corr
0.96	VCSLX	Small Cap Index	Pair Corr
0.89	VDAFX	Dynamic Allocation	Pair Corr
0.97	VVMCX	Valic Company I	Pair Corr
0.87	VVSGX	Valic Company I	Pair Corr
0.94	VVSCX	Valic Company I	Pair Corr
0.87	VGCLX	Valic Company I	Pair Corr
0.68	VGLSX	Global Strategy	Pair Corr
0.87	VLAGX	Valic Company I	Pair Corr
0.74	VLCGX	Large Capital Growth	Pair Corr
0.88	VLSMX	Valic Company I	Pair Corr
0.98	VIMAX	Vanguard Mid Cap	Pair Corr
0.92	VIMSX	Vanguard Mid Cap	Pair Corr
0.98	VMCPX	Vanguard Mid Cap	Pair Corr
0.98	VMCIX	Vanguard Mid Cap	Pair Corr
0.93	VEXAX	Vanguard Extended Market	Pair Corr
0.93	VEMPX	Vanguard Extended Market	Pair Corr

Moving against Mid Mutual Fund

0.36

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	DLTNX	ANAGX	GHVIX	TTRBX	MSTBX	OWFIX
DLTNX		0.83	0.51	0.91	0.53	0.98	DLTNX
ANAGX	0.83		0.59	0.84	0.6	0.8	ANAGX
GHVIX	0.51	0.59		0.67	0.88	0.5	GHVIX
TTRBX	0.91	0.84	0.67		0.73	0.92	TTRBX
MSTBX	0.53	0.6	0.88	0.73		0.55	MSTBX
OWFIX	0.98	0.8	0.5	0.92	0.55		OWFIX
	DLTNX	ANAGX	GHVIX	TTRBX	MSTBX	OWFIX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DLTNX	0.21	(0.01)	(0.32)	(0.05)	0.24	(0.27)	0.58	(0.46)	1.50
ANAGX	0.17	(0.01)	(0.41)	(0.63)	0.16	(0.27)	0.44	(0.29)	1.16
GHVIX	0.15	0.02	(0.26)	1.19	0.07	(0.17)	0.24	(0.36)	0.96
TTRBX	0.15	(0.01)	(0.48)	(0.11)	0.14	(0.20)	0.41	(0.30)	1.01
MSTBX	0.10	0.00	(0.55)	0.00	0.03	(0.15)	0.21	(0.21)	0.62
OWFIX	0.15	(0.01)	(0.42)	(0.18)	0.18	(0.23)	0.30	(0.30)	1.10

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