Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Value
ASVIX Fund  USD 10.19  0.15  1.49%   
The current 90-days correlation between Small Cap Value and Value Fund Investor is -0.18 (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

Good diversification

The correlation between Small Cap Value and DJI is -0.1 (i.e., Good 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

  0.91AMDVX Mid Cap ValuePairCorr
  0.88AMEIX Equity GrowthPairCorr
  0.89AMGIX Income GrowthPairCorr
  0.87AMKIX Emerging MarketsPairCorr
  0.95TWADX Value Fund APairCorr
  0.87TWCCX Ultra Fund CPairCorr
  0.88TWCAX Select Fund APairCorr
  0.88TWCIX Select Fund InvestorPairCorr
  0.88TWCGX Growth Fund InvestorPairCorr
  0.96AMVYX Mid Cap ValuePairCorr
  0.91AMVRX Mid Cap ValuePairCorr
  0.88TWBIX Balanced Fund InvestorPairCorr
  0.91AMVGX Mid Cap ValuePairCorr
  0.89TWEAX Equity IncomePairCorr
  0.94TWEIX Equity IncomePairCorr
  0.87TWCUX Ultra Fund InvestorPairCorr
  0.73TWGAX International GrowthPairCorr
  0.88TWGIX Growth Fund IPairCorr
  0.86TWGGX Global GrowthPairCorr
  0.72TWIEX International GrowthPairCorr
  0.85TWHIX Heritage Fund InvestorPairCorr
  0.87TWMIX Emerging MarketsPairCorr
  0.88TWRCX Growth Fund CPairCorr
  0.72TWTCX Intermediate Term TaxPairCorr
  0.77TWTIX Intermediate Term TaxPairCorr
  0.87TWSCX Strategic AllocationPairCorr
  0.88TWSAX Strategic AllocationPairCorr
  0.87TWSMX Strategic AllocationPairCorr
  0.87TWSIX Select Fund IPairCorr
  0.62TWUSX Short Term GovernmentPairCorr
  0.9TWVLX Value Fund InvestorPairCorr
  0.88TWUAX Ultra Fund APairCorr
  0.88TWUIX Ultra Fund IPairCorr
  0.62TWUOX Short Term GovernmentPairCorr
  0.79TWWOX Intermediate Term TaxPairCorr
  0.88NPHIX High Income FundPairCorr

Related Correlations Analysis

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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.

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