Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLVCX Fund  USD 18.28  0.01  0.05%   
The current 90-days correlation between Large Cap Value and Ubs Money Series is 0.11 (i.e., Average 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 main economic indicators.

Moving together with Large Mutual Fund

  0.71SABAX Salient Alternative BetaPairCorr
  0.99SABIX Aggressive BalancedPairCorr
  0.71SABCX Salient Alternative BetaPairCorr
  0.71SAMAX Moderately AggressivePairCorr
  0.71SAMIX Moderately AggressivePairCorr
  0.66SSCCX Small CapitalizationPairCorr
  0.71SSCPX Small CapitalizationPairCorr
  0.71SSCYX Small CapitalizationPairCorr
  0.71SBCCX Moderately ConservativePairCorr
  0.63SBMBX Energy Basic MaterialsPairCorr
  0.71SBMCX Moderate BalancedPairCorr
  0.71SBMIX Moderate BalancedPairCorr
  0.69STPCX Technology MunicationsPairCorr
  0.96STPIX Technology MunicationsPairCorr
  0.87SEPIX Energy Basic MaterialsPairCorr
  0.66SFPCX Financial ServicesPairCorr
  0.95SFPAX Financial ServicesPairCorr
  0.64SHPAX Health BiotchnologyPairCorr
  0.62SHPCX Health BiotchnologyPairCorr
  0.96SIECX International EquityPairCorr
  0.96SIEPX International EquityPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  0.75SLCVX Large Cap ValuePairCorr
  0.99SLGCX Large CapitalizationPairCorr
  0.69SLGYX Large CapitalizationPairCorr
  0.99SLVYX Large Cap ValuePairCorr
  0.77SMBCX Municipal Bond PortfolioPairCorr
  0.91SMBAX Municipal Bond PortfolioPairCorr
  0.78SMBPX Municipal Bond PortfolioPairCorr
  0.99SMICX Moderately ConservativePairCorr
  0.67SMIPX Mid CapitalizationPairCorr
  0.71SMPAX Moderate BalancedPairCorr
  0.7LUNAX Conservative BalancedPairCorr
  0.68VIMSX Vanguard Mid CapPairCorr
  0.68VMCPX 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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