Mid Cap Correlations

Mutual Funds . USA . 
Fund . Mid Cap Value
AVUAX Fund  USD 16.51  0.05  0.30%   
The current 90-days correlation between Mid Cap Value and Artisan Small Cap is 0.73 (i.e., Poor 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

Very poor diversification

The correlation between Mid Cap Value and DJI is 0.86 (i.e., Very poor 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 nation.

Moving together with Mid Mutual Fund

  1.0AMDVX Mid Cap ValuePairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.98AMGIX Income GrowthPairCorr
  0.93AMKIX Emerging MarketsPairCorr
  0.94TWADX Value Fund APairCorr
  0.94TWCCX Ultra Fund CPairCorr
  0.92TWCAX Select Fund APairCorr
  0.92TWCIX Select Fund InvestorPairCorr
  0.92TWCGX Growth Fund InvestorPairCorr
  0.65TWAVX Short Term GovernmentPairCorr
  0.94AMVYX Mid Cap ValuePairCorr
  1.0AMVRX Mid Cap ValuePairCorr
  0.95TWBIX Balanced Fund InvestorPairCorr
  1.0AMVGX Mid Cap ValuePairCorr
  0.98TWEAX Equity IncomePairCorr
  0.93TWEIX Equity IncomePairCorr
  0.94TWCUX Ultra Fund InvestorPairCorr
  0.81TWGAX International GrowthPairCorr
  0.94TWGIX Growth Fund IPairCorr
  0.93TWGGX Global GrowthPairCorr
  0.84TWIEX International GrowthPairCorr
  0.92TWHIX Heritage Fund InvestorPairCorr
  0.93TWMIX Emerging MarketsPairCorr
  0.94TWRCX Growth Fund CPairCorr
  0.7TWTCX Intermediate Term TaxPairCorr
  0.76TWTIX Intermediate Term TaxPairCorr
  0.95TWSCX Strategic AllocationPairCorr
  0.96TWSAX Strategic AllocationPairCorr
  0.95TWSMX Strategic AllocationPairCorr
  0.94TWSIX Select Fund IPairCorr
  0.66TWUSX Short Term GovernmentPairCorr
  0.99TWVLX Value Fund InvestorPairCorr
  0.92TWUAX Ultra Fund APairCorr
  0.94TWUIX Ultra Fund IPairCorr
  0.66TWUOX Short Term GovernmentPairCorr
  0.77TWWOX Intermediate Term TaxPairCorr
  0.91NPHIX High Income FundPairCorr

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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