Mid Cap Correlations

Mutual Funds . USA . 
Fund . Mid Cap Value
AVUAX Fund  USD 16.38  0.32  1.99%   
The current 90-days correlation between Mid Cap Value and Artisan Small Cap is 0.77 (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

Good diversification

The correlation between Mid Cap Value and DJI is -0.13 (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 nation.

Moving together with Mid Mutual Fund

  0.65TWAVX Short Term GovernmentPairCorr
  0.94AMVYX Mid Cap ValuePairCorr
  1.0AMVRX Mid Cap ValuePairCorr
  1.0AMVGX Mid Cap ValuePairCorr
  0.92TWEAX Equity IncomePairCorr
  0.85TWGAX International GrowthPairCorr
  0.95TWRCX Growth Fund CPairCorr
  0.81TWTCX Intermediate Term TaxPairCorr
  0.82TWTIX Intermediate Term TaxPairCorr
  0.96TWSCX Strategic Allocation:PairCorr
  0.96TWSAX Strategic Allocation:PairCorr
  0.93TWSIX Select Fund IPairCorr
  0.68TWUSX Short Term GovernmentPairCorr
  0.93TWUAX Ultra Fund APairCorr
  0.85TWWOX Intermediate Term TaxPairCorr
  0.93NPHIX High Income FundPairCorr
  0.96ANORX Small Cap GrowthPairCorr
  0.96ANONX Small Cap GrowthPairCorr

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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