Century Small Correlations

Mutual Funds . USA . 
Fund . Century Small Cap
CSMVX Fund  USD 41.68  0.14  0.33%   
The current 90-days correlation between Century Small Cap and Third Avenue Real is 0.67 (i.e., Poor diversification). The correlation of Century Small 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.

Century Small Correlation With Market

Poor diversification

The correlation between Century Small Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Small 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 Century Small Cap. 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 real.

Moving together with Century Mutual Fund

  1.0VSGAX Vanguard Small CapPairCorr
  0.83VSGIX Vanguard Small CapPairCorr
  0.83VISGX Vanguard Small CapPairCorr
  1.0VEXPX Vanguard ExplorerPairCorr
  1.0VEXRX Vanguard ExplorerPairCorr
  0.99JGMIX Janus TritonPairCorr
  0.99JGMRX Janus TritonPairCorr
  0.99JGMAX Janus TritonPairCorr
  0.83JGMCX Janus TritonPairCorr
  0.99JGMNX Janus TritonPairCorr
  0.99DXQLX Direxion Monthly NasdaqPairCorr
  0.99RYVLX Nasdaq 100 2xPairCorr
  0.99RYVYX Nasdaq 100 2xPairCorr
  0.99UOPIX Ultra Nasdaq 100PairCorr
  0.69RYCCX Nasdaq 100 2xPairCorr
  0.99UOPSX Ultranasdaq 100 ProfundPairCorr
  0.99INPIX Internet UltrasectorPairCorr
  0.99INPSX Internet UltrasectorPairCorr
  0.64BIPIX Biotechnology UltrasectorPairCorr
  0.99VMCIX Vanguard Mid CapPairCorr
  0.88XWDIX Western Asset DiversifiedPairCorr
  0.83EVFCX Evaluator ConservativePairCorr
  0.65FTDBX FtdbxPairCorr
  0.96TEQAX Touchstone SustainabilityPairCorr
  0.7TFSLX Touchstone FlexiblePairCorr
  0.83GGIZX Balanced AllocationPairCorr
  0.84CHYDX Calamos High IncomePairCorr
  0.62DELNX Doubleline Low DurationPairCorr
  0.85FRIFX Fidelity Real EstatePairCorr
  0.83USBSX Cornerstone ModeratePairCorr
  0.91VMNVX Vanguard Global MinimumPairCorr
  0.83WAYRX Western Asset HighPairCorr
  0.97LFRRX Lord Abbett InvPairCorr
  0.63PBHAX Prudential High YieldPairCorr
  0.98CLVRX Columbia InternationalPairCorr
  0.98PSILX Spectrum InternationalPairCorr
  0.63OCMAX Ocm Mutual FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Century Mutual Fund performing well and Century Small 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 Century Small'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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