Large Cap Correlations

Mutual Funds USA . 
Fund . Large Cap Value
SLVYX Fund  USD 26.27  0.16  0.61%   
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 Value 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 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 manufacturing.

Moving together with Large Mutual Fund

  0.99SABAX Salient Alternative BetaPairCorr
  0.72SABIX Aggressive BalancedPairCorr
  0.99SABCX Salient Alternative BetaPairCorr
  0.99SAMAX Moderately AggressivePairCorr
  0.86SAMIX Moderately AggressivePairCorr
  0.95SSCCX Small CapitalizationPairCorr
  0.84SSCPX Small CapitalizationPairCorr
  0.98SSCYX Small CapitalizationPairCorr
  0.99SBCCX Moderately ConservativePairCorr
  0.85SBMBX Energy Basic MaterialsPairCorr
  0.86SBMCX Moderate BalancedPairCorr
  0.86SBMIX Moderate BalancedPairCorr
  0.97STPCX Technology MunicationsPairCorr
  0.97STPIX Technology MunicationsPairCorr
  0.99SCAAX Conservative BalancedPairCorr
  0.66SEPIX Energy Basic MaterialsPairCorr
  0.96SFPCX Financial ServicesPairCorr
  0.69SFPAX Financial ServicesPairCorr
  0.63SIECX International EquityPairCorr
  0.84SIEPX International EquityPairCorr
  0.86SLCGX Large CapitalizationPairCorr
  0.85SLCVX Large Cap ValuePairCorr
  0.98SLGCX Large CapitalizationPairCorr
  0.98SLGYX Large CapitalizationPairCorr
  0.85SLVCX Large Cap ValuePairCorr
  0.71SMBCX Municipal Bond PortfolioPairCorr
  0.8SMBAX Municipal Bond PortfolioPairCorr
  0.99SMACX Moderately ServativePairCorr
  0.9SMBPX Municipal Bond PortfolioPairCorr
  0.99SMICX Moderately ConservativePairCorr
  0.85SMIPX Mid CapitalizationPairCorr
  0.99SMPAX Moderate BalancedPairCorr
  0.85LUNAX Conservative BalancedPairCorr
  0.98VIMAX Vanguard Mid CapPairCorr
  0.99VIMSX 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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