Mid Cap Correlations

Mutual Funds . USA . 
Fund . Mid Cap Value
AMDVX Fund  USD 15.80  0.02  0.13%   
The current 90-days correlation between Mid Cap Value and Janus Triton Fund is -0.16 (i.e., Good 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

Good diversification

The correlation between Mid Cap Value and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid 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 Mid 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 real.

Moving together with Mid Mutual Fund

  0.79AMEIX Equity GrowthPairCorr
  0.85AMGIX Income GrowthPairCorr
  0.7AMKIX Emerging MarketsPairCorr
  0.89TWADX Value Fund APairCorr
  0.72TWCCX Ultra Fund CPairCorr
  0.74TWCAX Select Fund APairCorr
  0.74TWCIX Select Fund InvestorPairCorr
  0.9AMVGX Mid Cap ValuePairCorr
  0.99TWEAX Equity IncomePairCorr
  0.99TWEIX Equity IncomePairCorr
  0.7TWGAX International GrowthPairCorr
  0.73TWGIX Growth Fund IPairCorr
  0.83TWGGX Global GrowthPairCorr
  0.63TWHIX Heritage Fund InvestorPairCorr
  0.7TWMIX Emerging MarketsPairCorr
  0.73TWTIX Intermediate Term TaxPairCorr
  0.9TWSMX Strategic AllocationPairCorr
  0.74TWSIX Select Fund IPairCorr
  0.89TWVLX Value Fund InvestorPairCorr
  0.72TWUAX Ultra Fund APairCorr
  0.72TWUIX Ultra Fund IPairCorr
  0.66TWWOX Intermediate Term TaxPairCorr
  0.94NPHIX High Income FundPairCorr
  0.81ANONX Small Cap GrowthPairCorr
  0.78ANOGX Small Cap GrowthPairCorr
  0.78ANOIX Small Cap GrowthPairCorr
  0.84ANOHX American Century SmallPairCorr
  0.84ANOCX Small Cap GrowthPairCorr
  0.78ANODX Small Cap GrowthPairCorr
  0.69ANOAX Small Cap GrowthPairCorr
  0.84ANOYX Small Cap GrowthPairCorr

Moving against Mid Mutual Fund

  0.68TWACX Short Term GovernmentPairCorr
  0.64TWAVX Short Term GovernmentPairCorr
  0.58TWARX Short Term GovernmentPairCorr
  0.72TWUSX Short Term GovernmentPairCorr
  0.62TWUOX Short Term GovernmentPairCorr

Related Correlations Analysis

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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.

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