Capital Management Correlations

Mutual Funds . USA . 
Fund . Capital Management Mid Cap
CMEIX Fund  USD 12.54  0.10  0.80%   
The current 90-days correlation between Capital Management Mid and Invesco Gold Special is 0.12 (i.e., Average diversification). The correlation of Capital Management 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.

Capital Management Correlation With Market

Weak diversification

The correlation between Capital Management Mid Cap and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Management Mid Cap 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 Capital Management Mid Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Capital Mutual Fund

  0.77CDHIX Calvert Developed MarketPairCorr
  0.87CDHAX Calvert Developed MarketPairCorr
  0.72CDICX Calvert Short DurationPairCorr
  0.87CDHRX Calvert InternationalPairCorr
  0.79CDSRX Calvert Short DurationPairCorr
  0.8CDSIX Calvert Short DurationPairCorr
  0.91CVMAX Calvert Emerging MarketsPairCorr
  0.91CVMRX Calvert Emerging MarketsPairCorr
  0.91CVMIX Calvert Emerging MarketsPairCorr
  0.86CVMCX Calvert Emerging MarketsPairCorr
  0.87CEFAX Calvert Emerging MarketsPairCorr
  0.87CEFIX Congressional EffectPairCorr
  0.94CEMCX Calvert Emerging MarketsPairCorr
  0.92CEMAX Calvert Emerging MarketsPairCorr
  0.9CFAIX Calvert ConservativePairCorr
  0.78CFICX Calvert IncomePairCorr
  0.87CFJIX Calvert Large CapPairCorr
  0.86CFJAX Calvert Large CapPairCorr
  0.7CFOIX Calvert Floating RatePairCorr
  0.7CFOAX Calvert Floating RatePairCorr
  0.61CFWCX Calvert Global WaterPairCorr
  0.74CFWAX Calvert Global WaterPairCorr
  0.62CFWIX Calvert Global WaterPairCorr
  0.76CGARX Calvert Responsible IndexPairCorr
  0.86CGAEX Calvert Global EnergyPairCorr
  0.74CGAFX Calvert Green BondPairCorr
  0.7CGACX Calvert Global EnergyPairCorr
  0.71CGBIX Calvert Green BondPairCorr
  0.71CGJAX Calvert Large CapPairCorr
  0.88CGJIX Calvert Large CapPairCorr
  0.77CYBAX Calvert High YieldPairCorr
  0.76CYBRX Calvert High YieldPairCorr
  0.77CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Management 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 Capital Management'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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