Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Core
SCRYX Fund  USD 12.23  0.20  1.66%   
The current 90-days correlation between Small Cap Core and Dodge International Stock is -0.06 (i.e., Good diversification). The correlation of Small 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.

Small Cap Correlation With Market

Good diversification

The correlation between Small Cap Core and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Core and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Small 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 manufacturing.

Moving together with Small Mutual Fund

  0.99GCEAX Ab Global EPairCorr
  0.98GCECX Ab Global EPairCorr
  0.98GCEYX Ab Global EPairCorr
  0.96AMTAX Ab All MarketPairCorr
  0.95AMTZX Ab All MarketPairCorr
  0.95AMTYX Ab All MarketPairCorr
  0.95AMTOX Ab All MarketPairCorr
  0.74ANAZX Ab Global BondPairCorr
  0.7ANAYX Ab Global BondPairCorr
  0.68ANAGX Ab Global BondPairCorr
  0.71ANAIX Ab Global BondPairCorr
  0.72ANACX Ab Global BondPairCorr
  0.7ANBIX Ab Bond InflationPairCorr
  0.88ANIAX New York MunicipalPairCorr
  0.9ANIYX New York MunicipalPairCorr
  0.85ANMCX New York MunicipalPairCorr
  0.94STEYX International StrategicPairCorr
  0.94STEZX International StrategicPairCorr
  0.96STESX International StrategicPairCorr
  0.79STHAX Ab Sustainable ThematicPairCorr
  0.81STHYX Ab Sustainable ThematicPairCorr
  0.99SCAVX Ab Small CapPairCorr
  0.96SCCVX Ab Small CapPairCorr
  1.0SCRSX Small Cap CorePairCorr
  0.97SCRZX Small Cap CorePairCorr
  0.99SCYVX Ab Small CapPairCorr
  0.97APGZX Ab Large CapPairCorr
  0.97APGYX Ab Large CapPairCorr
  0.98APGAX Ab Large CapPairCorr
  0.97APGCX Ab Large CapPairCorr
  0.99SUTAX Ab Sustainable ThematicPairCorr
  0.98SUTCX Ab Sustainable ThematicPairCorr
  0.98SUTZX Ab Sustainable ThematicPairCorr
  0.97APWIX Ab Servative WealthPairCorr
  0.97CHCLX Ab Discovery GrowthPairCorr
  0.97CHCIX Ab Discovery GrowthPairCorr
  0.99CHCCX Ab Discovery GrowthPairCorr
  0.97CHCYX Ab Discovery GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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