Nasdaq-100 Index Correlations

Mutual Funds . USA . 
Fund . Nasdaq 100 Index Fund
VCNIX Fund  USD 25.41  0.39  1.56%   
The current 90-days correlation between Nasdaq 100 Index and Transamerica High Yield is -0.37 (i.e., Very good diversification). The correlation of Nasdaq-100 Index 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.

Nasdaq-100 Index Correlation With Market

Very good diversification

The correlation between Nasdaq 100 Index Fund and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nasdaq 100 Index Fund 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 Nasdaq 100 Index Fund. 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 inflation.

Moving together with Nasdaq-100 Mutual Fund

  0.9VMIDX Mid Cap IndexPairCorr
  0.95VMSGX Mid Cap StrategicPairCorr
  0.99VAPPX Valic Company IPairCorr
  0.98VSRDX Valic Company IPairCorr
  0.99VSTIX Stock Index FundPairCorr
  0.81VSSVX Small Cap SpecialPairCorr
  0.93VBCVX Broad Cap ValuePairCorr
  0.99VCAAX Asset AllocationPairCorr
  0.86VCBDX Valic Company IPairCorr
  0.99VCBCX Blue Chip GrowthPairCorr
  0.8VCGAX Growth IncomePairCorr
  0.97VCGEX Emerging EconomiesPairCorr
  0.81VCGSX Government SecuritiesPairCorr
  0.87VCFVX Foreign ValuePairCorr
  0.76VCIEX International EquitiesPairCorr
  0.81VCIFX International GovernmentPairCorr
  0.94VCIGX Valic Company IPairCorr
  0.99VCSTX Science TechnologyPairCorr
  0.89VCTPX Inflation ProtectedPairCorr
  0.93VCSLX Small Cap IndexPairCorr
  0.98VDAFX Dynamic AllocationPairCorr
  0.91VVMCX Valic Company IPairCorr
  0.86VVSGX Valic Company IPairCorr
  0.75VVSCX Valic Company IPairCorr
  0.97VGCLX Valic Company IPairCorr
  0.97VGLSX Global StrategyPairCorr
  0.97VHYLX Valic Company IPairCorr
  0.92VIOPX Valic Company IPairCorr
  0.98VLAGX Valic Company IPairCorr
  0.98VLCGX Large Capital GrowthPairCorr
  0.98VLSMX Valic Company IPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.77GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Nasdaq-100 Mutual Fund performing well and Nasdaq-100 Index 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 Nasdaq-100 Index'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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