Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Core
GTLIX Fund  USD 20.87  0.08  0.38%   
The current 90-days correlation between Large Cap Core and Large Cap E is 0.84 (i.e., Very poor diversification). The correlation of Large 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.

Large Cap Correlation With Market

Poor diversification

The correlation between Large Cap Core 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 Large Cap Core and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Large Cap Core. 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 gross domestic product.

Moving together with Large Mutual Fund

  0.91GEQIX Equity Income PortfolioPairCorr
  0.85GWILX Woman In LeadershipPairCorr
  0.85RESGX Responsible Esg EquityPairCorr
  0.73GLSOX Secured Options PortfolioPairCorr
  0.84GQSCX Quantitative U SPairCorr
  0.64GTAPX Longshort PortfolioPairCorr
  0.78GTCEX Strategic Equity PorPairCorr
  0.84GTILX Large Cap GrowthPairCorr
  0.73GTSOX Secured Options PortfolioPairCorr
  0.87GTSCX Small Cap EquityPairCorr
  0.85GTTMX Total Market PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large 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 Large 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY