Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLCVX Fund  USD 29.13  0.02  0.07%   
The current 90-days correlation between Large Cap Value and Hartford International Equity is 0.58 (i.e., Very weak 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

Very poor diversification

The correlation between Large Cap Value and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Value 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 Large Cap Value. 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 real.

Moving together with Large Mutual Fund

  0.98SABAX Salient Alternative BetaPairCorr
  0.98SABIX Aggressive BalancedPairCorr
  0.98SABCX Salient Alternative BetaPairCorr
  0.98SAMAX Moderately AggressivePairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.95SSCCX Small CapitalizationPairCorr
  0.98SSCPX Small CapitalizationPairCorr
  0.97SSCYX Small CapitalizationPairCorr
  0.98SBCCX Moderately ConservativePairCorr
  0.87SBMBX Energy Basic MaterialsPairCorr
  0.99SBMCX Moderate BalancedPairCorr
  0.99SBMIX Moderate BalancedPairCorr
  0.98STPCX Technology MunicationsPairCorr
  0.96STPIX Technology MunicationsPairCorr
  0.98SCAAX Conservative BalancedPairCorr
  0.88SEPIX Energy Basic MaterialsPairCorr
  0.98SFPCX Financial ServicesPairCorr
  0.96SFPAX Financial ServicesPairCorr
  0.63SHPAX Health BiotchnologyPairCorr
  0.62SHPCX Health BiotchnologyPairCorr
  0.96SIECX International EquityPairCorr
  0.96SIEPX International EquityPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  0.99SLGCX Large CapitalizationPairCorr
  0.97SLGYX Large CapitalizationPairCorr
  1.0SLVCX Large Cap ValuePairCorr
  0.99SLVYX Large Cap ValuePairCorr
  0.89SMBCX Municipal Bond PortfolioPairCorr
  0.91SMBAX Municipal Bond PortfolioPairCorr
  0.98SMACX Moderately ServativePairCorr
  0.91SMBPX Municipal Bond PortfolioPairCorr
  0.99SMICX Moderately ConservativePairCorr
  0.97SMIPX Mid CapitalizationPairCorr
  0.98SMPAX Moderate BalancedPairCorr
  0.99LUNAX Conservative BalancedPairCorr
  0.99VIMAX Vanguard Mid CapPairCorr
  0.97VIMSX Vanguard Mid CapPairCorr

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.

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