Small-cap Value Correlations

Mutual Funds . USA . 
Fund . Small Cap Value Profund
SVPSX Fund  USD 80.26  0.58  0.72%   
The current 90-days correlation between Small Cap Value and Guidemark Large Cap is -0.01 (i.e., Good diversification). The correlation of Small-cap Value 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 Value Correlation With Market

Good diversification

The correlation between Small Cap Value Profund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Value Profund 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 Value Profund. 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 state.

Moving together with Small-cap Mutual Fund

  0.67TEPIX Technology UltrasectorPairCorr
  0.95TEPSX Technology UltrasectorPairCorr
  0.63LGPIX Large Cap GrowthPairCorr
  0.63LGPSX Profunds Large CapPairCorr
  0.63OTPIX Nasdaq 100 ProfundPairCorr
  0.63OTPSX Nasdaq 100 ProfundPairCorr
  0.92UJPSX Ultrajapan ProfundPairCorr
  1.0MLPSX Mid Cap ValuePairCorr
  0.65MLPIX Mid Cap ValuePairCorr
  0.81ENPIX Oil Gas UltrasectorPairCorr
  0.83BTCFX Bitcoin Strategy ProfundPairCorr
  0.66PHPIX Pharmaceuticals UltrasectorPairCorr
  0.66PHPSX Pharmaceuticals UltrasectorPairCorr
  0.96ULPIX Ultrabull ProfundPairCorr
  0.96ULPSX Ultrabull ProfundPairCorr
  0.61WCPIX Mobile TelecommunicatioPairCorr
  0.92WCPSX Mobile TelecommunicatioPairCorr
  0.77OEPSX Oil Equipment ServicesPairCorr
  0.9CYPSX Consumer ServicesPairCorr
  0.9CYPIX Consumer ServicesPairCorr
  0.77OEPIX Oil Equipment ServicesPairCorr
  0.65SVPIX Small Cap ValuePairCorr
  0.63UMPSX Ultramid Cap ProfundPairCorr
  0.98UMPIX Ultramid Cap ProfundPairCorr

Moving against Small-cap Mutual Fund

  0.97UIPSX Ultrashort Mid CapPairCorr
  0.95BRPIX Bear Profund BearPairCorr
  0.93UKPSX Ultrashort Japan ProfundPairCorr
  0.61BRPSX Bear Profund BearPairCorr
  0.58UIPIX Ultrashort Mid CapPairCorr
  0.54UKPIX Ultrashort Japan ProfundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Small-cap Mutual Fund performing well and Small-cap Value 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 Value'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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