Small Capitalization Correlations

Mutual Funds . USA . 
Fund . Small Capitalization Portfolio
SSCPX Fund  USD 6.97  0.05  0.71%   
The current 90-days correlation between Small Capitalization and Ab Bond Inflation is -0.1 (i.e., Good diversification). The correlation of Small Capitalization 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 Capitalization Correlation With Market

Very poor diversification

The correlation between Small Capitalization Portfolio and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Capitalization Portfolio 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 Capitalization Portfolio. 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 american community survey.

Moving together with Small Mutual Fund

  0.98SABAX Salient Alternative BetaPairCorr
  0.98SABIX Aggressive BalancedPairCorr
  0.98SABCX Salient Alternative BetaPairCorr
  0.98SAMAX Moderately AggressivePairCorr
  0.99SAMCX Salient Mlp FundPairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.97SSCCX Small CapitalizationPairCorr
  0.97SSCYX Small CapitalizationPairCorr
  0.97SBCCX Moderately ConservativePairCorr
  0.65SBHIX Health BiotchnologyPairCorr
  0.9SBMBX Energy Basic MaterialsPairCorr
  0.99SBMCX Moderate BalancedPairCorr
  0.99SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology MunicationsPairCorr
  0.98STPCX Technology MunicationsPairCorr
  0.96STPIX Technology MunicationsPairCorr
  0.97SCAAX Conservative BalancedPairCorr
  0.97SUMCX Conservative BalancedPairCorr
  0.9SEPIX Energy Basic MaterialsPairCorr
  0.9SEPCX Energy Basic MaterialsPairCorr
  0.99SFPCX Financial ServicesPairCorr
  0.97SFPAX Financial ServicesPairCorr
  0.98SFPIX Financial ServicesPairCorr
  0.63SHPAX Health BiotchnologyPairCorr
  0.61SHPCX Health BiotchnologyPairCorr
  0.94SIEYX International EquityPairCorr
  0.95SIECX International EquityPairCorr
  0.95SIEPX International EquityPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  0.98SLCVX Large Cap ValuePairCorr
  0.99SLGCX Large CapitalizationPairCorr
  0.97SLGYX Large CapitalizationPairCorr
  0.98SLVCX Large Cap ValuePairCorr
  0.97SLVYX Large Cap ValuePairCorr
  0.86SMBCX Municipal Bond PortfolioPairCorr
  0.89SMBAX Municipal Bond PortfolioPairCorr
  0.98SMACX Moderately ServativePairCorr
  0.89SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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