Mid Cap Correlations

VMSGX Fund

USD 23.36 0.25 1.08%

The current 90-days correlation between Mid Cap Strategic and Western Asset Inflation is 0.27 (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

Very weak diversification

The correlation between Mid Cap Strategic and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Strategic 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 Strategic. 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 census.

Moving together with Mid Mutual Fund

0.91	VSRDX	Valic Company I	Pair Corr
0.67	VCINX	International Growth	Pair Corr
0.78	VCSTX	Science Technology	Pair Corr
0.61	VVSGX	Valic Company I	Pair Corr
0.7	RRMGX	T Rowe Price	Pair Corr
0.64	PCBIX	Midcap Fund Institutional	Pair Corr

Related Correlations Analysis

	FIFGX	TIIHX	BPRIX	GPMFX	LFTAX	ABNTX	AUNTX	WAFAX
FIFGX		0.75	0.79	0.86	0.95	0.8	0.9	0.44	FIFGX
TIIHX	0.75		0.95	0.69	0.79	0.96	0.82	0.75	TIIHX
BPRIX	0.79	0.95		0.75	0.82	0.92	0.85	0.76	BPRIX
GPMFX	0.86	0.69	0.75		0.91	0.76	0.88	0.32	GPMFX
LFTAX	0.95	0.79	0.82	0.91		0.85	0.94	0.44	LFTAX
ABNTX	0.8	0.96	0.92	0.76	0.85		0.87	0.67	ABNTX
AUNTX	0.9	0.82	0.85	0.88	0.94	0.87		0.52	AUNTX
WAFAX	0.44	0.75	0.76	0.32	0.44	0.67	0.52		WAFAX
	FIFGX	TIIHX	BPRIX	GPMFX	LFTAX	ABNTX	AUNTX	WAFAX

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
FIFGX	0.99	0.12	0.07	1.25	1.17	(1.07)	1.75	(1.68)	6.34
TIIHX	0.10	0.00	(0.25)	0.18	0.00	(0.14)	0.19	(0.18)	0.46
BPRIX	0.12	0.00	(0.17)	0.15	0.07	(0.15)	0.20	(0.20)	0.51
GPMFX	0.68	0.06	0.05	0.12	0.85	(0.71)	1.23	(1.53)	3.77
LFTAX	0.56	0.13	0.09	(0.80)	0.72	(0.60)	1.13	(1.02)	4.38
ABNTX	0.08	0.00	(0.28)	(0.12)	0.00	(0.11)	0.10	(0.19)	0.39
AUNTX	0.08	0.01	(0.23)	1.02	0.00	(0.12)	0.19	(0.09)	0.37
WAFAX	0.14	(0.01)	(0.20)	(0.05)	0.14	(0.18)	0.32	(0.21)	0.64

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Mid Cap Correlations

Mid Cap Correlation With Market

Very weak diversification

Moving together with Mid Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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