Fam Small Correlations

Mutual Funds . USA . 
Fund . Fam Small Cap
FAMDX Fund  USD 26.35  0.17  0.64%   
The current 90-days correlation between Fam Small Cap and Fam Equity Income Fund is 0.85 (i.e., Very poor diversification). The correlation of Fam 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.

Fam Small Correlation With Market

Very poor diversification

The correlation between Fam Small Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fam Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fam 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 unemployment.

Moving together with Fam Mutual Fund

  1.0FAMFX Fam Small CapPairCorr
  0.93FAMEX Fam Equity IncomePairCorr
  0.97FAMWX Fam Value FundPairCorr
  0.97FAMVX Fam Value FundPairCorr
  0.94VSGAX Vanguard Small CapPairCorr
  0.94VSGIX Vanguard Small CapPairCorr
  0.94VISGX Vanguard Small CapPairCorr
  0.94VEXPX Vanguard ExplorerPairCorr
  0.94VEXRX Vanguard ExplorerPairCorr
  0.92JGMIX Janus TritonPairCorr
  0.93JGMRX Janus TritonPairCorr
  0.92JGMAX Janus TritonPairCorr
  0.93JGMCX Janus TritonPairCorr
  0.92JGMNX Janus TritonPairCorr
  0.91VTSAX Vanguard Total StockPairCorr
  0.91VFIAX Vanguard 500 IndexPairCorr
  0.91VTSMX Vanguard Total StockPairCorr
  0.91VSMPX Vanguard Total StockPairCorr
  0.91VSTSX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.91VFFSX Vanguard 500 IndexPairCorr
  0.88VGTSX Vanguard Total InterPairCorr
  0.88VTIAX Vanguard Total InterPairCorr
  0.91DOPIX Dreyfus OpportunisticPairCorr
  0.89RSOOX Columbia DividendPairCorr
  0.92SMGAX Saat Servative StrategyPairCorr
  0.72PYSIX Payden Strategic IncomePairCorr
  0.91NTDSX Nationwide DestinationPairCorr
  0.86FSELX Fidelity Select SemiPairCorr
  0.9ISGAX Voya Solution BalancedPairCorr
  0.94MIMSX Bny Mellon MidPairCorr
  0.64MHD Blackrock MuniholdingsPairCorr
  0.83GSFSX Goldman Sachs ShortPairCorr
  0.82USDIX Ubs Ultra ShortPairCorr
  0.91BSPSX Blackrock Sp 500PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Fam Mutual Fund performing well and Fam 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 Fam 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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