Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Value
ACVIX Fund  USD 10.24  0.06  0.59%   
The current 90-days correlation between Small Cap Value and Putnam Diversified Income is -0.01 (i.e., Good diversification). The correlation of Small 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.

Small Cap Correlation With Market

Very poor diversification

The correlation between Small Cap Value and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Small 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 gross domestic product.

Moving together with Small Mutual Fund

  0.89AMDVX Mid Cap ValuePairCorr
  0.88AMEIX Equity GrowthPairCorr
  0.92AMGIX Income GrowthPairCorr
  0.62CDBCX Diversified BondPairCorr
  0.87AMKIX Emerging MarketsPairCorr
  0.61TWACX Short Term GovernmentPairCorr
  0.89TWADX Value Fund APairCorr
  0.86TWCCX Ultra Fund CPairCorr
  0.83TWCAX Select Fund APairCorr
  0.86TWCIX Select Fund InvestorPairCorr
  0.87TWCGX Growth Fund InvestorPairCorr
  0.62TWARX Short Term GovernmentPairCorr
  0.65TWAVX Short Term GovernmentPairCorr
  0.95AMVYX Mid Cap ValuePairCorr
  0.95AMVRX Mid Cap ValuePairCorr
  0.89TWBIX Balanced Fund InvestorPairCorr
  0.95AMVGX Mid Cap ValuePairCorr
  0.88TWEAX Equity IncomePairCorr
  0.88TWEIX Equity IncomePairCorr
  0.86TWCUX Ultra Fund InvestorPairCorr
  0.65TWGAX International GrowthPairCorr
  0.87TWGIX Growth Fund IPairCorr
  0.84TWGGX Global GrowthPairCorr
  0.68TWIEX International GrowthPairCorr
  0.84TWHIX Heritage Fund InvestorPairCorr
  0.88TWMIX Emerging MarketsPairCorr
  0.87TWRCX Growth Fund CPairCorr
  0.72TWTCX Intermediate Term TaxPairCorr
  0.76TWTIX Intermediate Term TaxPairCorr
  0.88TWSCX Strategic AllocationPairCorr
  0.88TWSAX Strategic AllocationPairCorr
  0.88TWSMX Strategic AllocationPairCorr
  0.83TWSIX Select Fund IPairCorr
  0.69TWUSX Short Term GovernmentPairCorr
  0.93TWVLX Value Fund InvestorPairCorr
  0.83TWUAX Ultra Fund APairCorr
  0.86TWUIX Ultra Fund IPairCorr
  0.69TWUOX Short Term GovernmentPairCorr
  0.76TWWOX Intermediate Term TaxPairCorr
  0.86NPHIX High Income FundPairCorr

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 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 Small 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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY