Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Core
GTLIX Fund  USD 20.94  0.07  0.34%   
The current 90-days correlation between Large Cap Core and Large Cap E is 1.0 (i.e., No risk reduction). 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

Good diversification

The correlation between Large Cap Core and DJI is -0.14 (i.e., Good 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

  0.62GEQIX Equity Income PortfolioPairCorr
  1.0GTLOX Large Cap EPairCorr
  0.71GTLSX Quantitative LongshortPairCorr
  0.93VVIAX Vanguard Value IndexPairCorr
  0.95DOXGX Dodge Cox StockPairCorr
  0.92AFMFX American MutualPairCorr
  0.92FFMMX American Funds AmericanPairCorr
  0.92FFFMX American Funds AmericanPairCorr
  0.93AMRMX American MutualPairCorr
  0.92AMFFX American MutualPairCorr
  0.92AMFCX American MutualPairCorr
  0.95DODGX Dodge Stock FundPairCorr
  0.93VIVAX Vanguard Value IndexPairCorr
  0.9CPAYX Columbia Pacific/asiaPairCorr
  0.89CASAX Columbia PacificasiaPairCorr
  0.71CCCZX Center St BrookfieldPairCorr
  0.89CASCX Columbia PacificasiaPairCorr
  0.88MGHRX Morgan Stanley InstiPairCorr
  0.88MSEQX Growth Portfolio ClassPairCorr
  0.88MSHLX Growth Portfolio ClassPairCorr
  0.98SPMIX Sp Midcap IndexPairCorr
  0.89IGAIX International Growth AndPairCorr
  0.98SIPIX Simt Mid CapPairCorr
  0.94DLQAX Dreyfus Large CapPairCorr
  0.92JDBRX Janus BalancedPairCorr

Related Correlations Analysis

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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
 
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