Mid Cap Correlations
| AMVYX Fund | USD 14.94 0.07 0.47% |
The current 90-days correlation between Mid Cap Value and Short Oil Gas is -0.07 (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
Significant diversification
The correlation between Mid Cap Value and DJI is 0.04 (i.e., Significant 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.
Mid |
Moving together with Mid Mutual Fund
| 0.82 | AMDVX | Mid Cap Value | PairCorr |
| 0.82 | AMEIX | Equity Growth | PairCorr |
| 0.66 | TWADX | Value Fund A | PairCorr |
| 0.75 | TWCCX | Ultra Fund C | PairCorr |
| 0.7 | TWCAX | Select Fund A | PairCorr |
| 0.69 | TWCIX | Select Fund Investor | PairCorr |
| 0.76 | TWCGX | Growth Fund Investor | PairCorr |
| 0.82 | AMVRX | Mid Cap Value | PairCorr |
| 0.82 | AMVGX | Mid Cap Value | PairCorr |
| 0.75 | TWEAX | Equity Income | PairCorr |
| 0.75 | TWEIX | Equity Income | PairCorr |
| 0.76 | TWGIX | Growth Fund I | PairCorr |
| 0.75 | TWGGX | Global Growth | PairCorr |
| 0.79 | TWHIX | Heritage Fund Investor | PairCorr |
| 0.89 | TWRCX | Growth Fund C | PairCorr |
| 0.8 | TWSIX | Select Fund I | PairCorr |
| 0.66 | TWVLX | Value Fund Investor | PairCorr |
| 0.71 | TWUAX | Ultra Fund A | PairCorr |
| 0.68 | TWUIX | Ultra Fund I | PairCorr |
Related Correlations Analysis
| -0.99 | -0.93 | -0.91 | -0.52 | -1.0 | SNPIX | ||
| -0.99 | 0.93 | 0.94 | 0.53 | 0.99 | VENAX | ||
| -0.93 | 0.93 | 0.92 | 0.64 | 0.92 | PEO | ||
| -0.91 | 0.94 | 0.92 | 0.49 | 0.9 | IEFCX | ||
| -0.52 | 0.53 | 0.64 | 0.49 | 0.5 | ALEFX | ||
| -1.0 | 0.99 | 0.92 | 0.9 | 0.5 | ENPSX | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNPIX | 0.92 | 0.04 | (0.04) | (0.04) | 1.01 | 1.89 | 5.19 | |||
| VENAX | 0.91 | (0.06) | 0.00 | (0.06) | 0.00 | 1.63 | 5.10 | |||
| PEO | 0.72 | (0.03) | (0.06) | (0.02) | 1.02 | 1.38 | 4.03 | |||
| IEFCX | 0.90 | (0.04) | 0.00 | (0.04) | 0.00 | 1.57 | 5.03 | |||
| ALEFX | 0.92 | 0.15 | 0.14 | 0.25 | 0.68 | 1.31 | 19.24 | |||
| ENPSX | 1.39 | (0.07) | 0.00 | (0.06) | 0.00 | 2.50 | 7.36 |