Small Company Correlations

FOSBX Fund

USD 30.31 0.23 0.76%

The current 90-days correlation between Small Pany Fund and Small Pany Fund is 1.0 (i.e., No risk reduction). The correlation of Small Company 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.

Small Company Correlation With Market

Very poor diversification

The correlation between Small Pany Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Pany Fund 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 Small Pany Fund. 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 bureau of labor statistics.

Moving together with Small Mutual Fund

0.94	FSMBX	Tributary Smallmid Cap	Pair Corr
0.94	FSMCX	Tributary Smallmid Cap	Pair Corr
1.0	FOSCX	Small Pany Fund	Pair Corr
0.74	DFSTX	Us Small Cap	Pair Corr
0.63	PASVX	T Rowe Price	Pair Corr
0.62	PRVIX	T Rowe Price	Pair Corr
0.62	TRZVX	T Rowe Price	Pair Corr
0.63	PRSVX	T Rowe Price	Pair Corr
0.64	FBCVX	Fidelity Blue Chip	Pair Corr
0.67	CEVAX	Columbia Global Value	Pair Corr

Related Correlations Analysis

	FOSCX	AFVLX	AAIPX	AIEAX	AAISX	AILCX	SVOAX	GWETX	WMLIX	PDEZX
FOSCX		0.38	0.3	0.22	0.3	0.3	0.69	0.73	0.28	0.48	FOSCX
AFVLX	0.38		0.89	0.81	0.89	0.88	0.77	0.83	0.98	0.9	AFVLX
AAIPX	0.3	0.89		0.91	1.0	1.0	0.74	0.71	0.87	0.79	AAIPX
AIEAX	0.22	0.81	0.91		0.91	0.91	0.65	0.62	0.81	0.75	AIEAX
AAISX	0.3	0.89	1.0	0.91		1.0	0.74	0.7	0.87	0.79	AAISX
AILCX	0.3	0.88	1.0	0.91	1.0		0.74	0.7	0.86	0.79	AILCX
SVOAX	0.69	0.77	0.74	0.65	0.74	0.74		0.86	0.71	0.82	SVOAX
GWETX	0.73	0.83	0.71	0.62	0.7	0.7	0.86		0.79	0.79	GWETX
WMLIX	0.28	0.98	0.87	0.81	0.87	0.86	0.71	0.79		0.89	WMLIX
PDEZX	0.48	0.9	0.79	0.75	0.79	0.79	0.82	0.79	0.89		PDEZX
	FOSCX	AFVLX	AAIPX	AIEAX	AAISX	AILCX	SVOAX	GWETX	WMLIX	PDEZX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FOSCX	0.84	(0.08)	(0.05)	0.02	0.92	(0.96)	2.15	(1.45)	6.67
AFVLX	0.53	0.02	0.02	0.09	0.61	(0.56)	1.34	(0.91)	4.22
AAIPX	0.61	(0.02)	(0.05)	0.04	0.76	(0.59)	1.17	(1.23)	3.64
AIEAX	0.60	0.04	(0.05)	(0.28)	0.75	(0.60)	1.18	(1.24)	3.61
AAISX	0.60	(0.02)	(0.05)	0.04	0.76	(0.58)	1.16	(1.23)	3.59
AILCX	0.60	(0.03)	(0.05)	0.04	0.76	(0.58)	1.16	(1.24)	3.69
SVOAX	0.40	(0.03)	(0.12)	0.02	0.42	(0.49)	0.94	(0.79)	2.40
GWETX	0.82	0.01	0.04	0.08	0.74	(0.99)	1.89	(1.25)	6.02
WMLIX	0.50	0.02	0.02	0.10	0.58	(0.56)	1.19	(0.63)	4.32
PDEZX	0.88	(0.02)	0.00	0.06	1.26	(0.90)	1.86	(1.91)	7.16

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Small Company Correlations

Small Company Correlation With Market

Very poor diversification

Moving together with Small Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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