Stock Index Correlations

Mutual Funds USA . 
Fund . Stock Index Fund
VSTIX Fund  USD 68.42  0.34  0.49%   
The current 90-days correlation between Stock Index Fund and Hennessy Bp Energy is 0.2 (i.e., Modest diversification). The correlation of Stock Index 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.

Stock Index Correlation With Market

Almost no diversification

The correlation between Stock Index Fund and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stock Index Fund 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 Stock Index Fund. 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 gross domestic product.

Moving together with Stock Mutual Fund

  0.87VMIDX Mid Cap IndexPairCorr
  0.88VMSGX Mid Cap StrategicPairCorr
  0.96VSRDX Valic Company IPairCorr
  0.82VSSVX Small Cap SpecialPairCorr
  0.85VBCVX Broad Cap ValuePairCorr
  0.93VCAAX Asset AllocationPairCorr
  0.68VCBDX Valic Company IPairCorr
  0.96VCGAX Growth IncomePairCorr
  0.73VCGEX Emerging EconomiesPairCorr
  0.8VCFVX Foreign ValuePairCorr
  0.84VCIEX International EquitiesPairCorr
  0.76VCIFX International GovernmentPairCorr
  0.85VCIGX Valic Company IPairCorr
  0.75VCINX International GrowthPairCorr
  0.69VCNIX Nasdaq 100 IndexPairCorr
  0.61VCSTX Science TechnologyPairCorr
  0.85VCSOX Global Social AwarenessPairCorr
  0.87VCSLX Small Cap IndexPairCorr
  0.67VCULX Growth Fund GrowthPairCorr
  0.99VDAFX Dynamic AllocationPairCorr
  0.82VVMCX Valic Company IPairCorr
  0.9VVSGX Valic Company IPairCorr
  0.8VVSCX Valic Company IPairCorr
  0.95VGCLX Valic Company IPairCorr
  0.87VGLSX Global StrategyPairCorr
  0.71VGREX Global Real EstatePairCorr
  0.85VHYLX Valic Company IPairCorr
  0.86VIOPX Valic Company IPairCorr
  0.96VLAGX Valic Company IPairCorr
  0.85VLCGX Large Capital GrowthPairCorr
  0.96VLSMX Valic Company IPairCorr
  0.89VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Stock Mutual Fund performing well and Stock Index 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 Stock Index'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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