Small Cap Correlations

Mutual Funds USA . 
Fund . Small Cap Stock
UISCX Fund  USD 13.54  0.09  0.66%   
The current 90-days correlation between Small Cap Stock and Capital Growth Fund is 0.86 (i.e., Very poor diversification). The correlation of Small 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.

Small Cap Correlation With Market

Very poor diversification

The correlation between Small Cap Stock and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Stock 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 Stock. 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 Small Mutual Fund

  0.97UIEMX Emerging MarketsPairCorr
  0.96UIHIX High Income FundPairCorr
  0.94UIIFX International FundPairCorr
  0.99UIGIX Growth IncomePairCorr
  0.7UIINX Income Fund IncomePairCorr
  0.99UIISX Income StockPairCorr
  0.7UIITX Intermediate Term BondPairCorr
  0.87UISBX Short Term BondPairCorr
  0.7URIBX Intermediate Term BondPairCorr
  0.71URIFX Income Fund IncomePairCorr
  0.96URHIX High Income FundPairCorr
  0.98URNQX Nasdaq 100 IndexPairCorr
  0.87URSBX Short Term BondPairCorr
  0.91URUSX Ultra Short TermPairCorr
  0.97UGOFX Global Managed VolatilityPairCorr
  1.0VSMAX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  1.0FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  1.0PASVX T Rowe PricePairCorr
  1.0PRVIX T Rowe PricePairCorr
  1.0TRZVX T Rowe PricePairCorr
  1.0PRSVX T Rowe PricePairCorr
  0.88FSMMX Fs Multi StrategyPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr
  0.69SPMPX Invesco Steelpath MlpPairCorr
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.67MLPMX Oppenheimer Steelpath MlpPairCorr
  0.68SPMJX Invesco Steelpath MlpPairCorr
  0.95JINTX Johnson InternationalPairCorr
  0.97RIV Rivernorth OpportunitiesPairCorr
  0.98CLREX Columbia BalancedPairCorr
  0.98QIBGX Federated Mdt BalancedPairCorr
  0.98NBPIX Neuberger Berman LargePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small 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 Small 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
UICGX  0.53  0.10  0.08  0.28  0.35 
(0.59)
 1.51 
(1.12)
 3.34 
UIEMX  0.51  0.21  0.18  0.61  0.00 
(0.59)
 1.55 
(1.08)
 4.28 
UIHIX  0.14  0.05 (0.26) 0.55  0.00 
(0.22)
 0.30 
(0.15)
 1.18 
UIIFX  0.50  0.14  0.08  0.51  0.34 
(0.53)
 1.24 
(1.16)
 3.04 
UIGIX  0.62  0.08  0.08  0.23  0.57 
(0.73)
 1.79 
(1.03)
 4.87 
UIGSX  0.22  0.00 (0.43) 0.18  0.19 
(0.27)
 0.46 
(0.45)
 1.14 
UIGRX  0.85  0.19  0.20  0.32  0.66 
(1.05)
 2.49 
(1.08)
 5.60 
UIINX  0.23  0.01 (0.37) 0.21  0.20 
(0.27)
 0.53 
(0.44)
 1.15 
UIISX  0.63  0.02  0.00  0.16  0.61 
(0.71)
 1.54 
(1.08)
 4.46 
UIITX  0.25  0.01 (0.34) 0.24  0.22 
(0.28)
 0.44 
(0.44)
 1.21 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY