Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Special
VSSVX Fund  USD 10.72  0.03  0.28%   
The current 90-days correlation between Small Cap Special and Dreyfus Natural Resources is -0.06 (i.e., Good 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 Special and DJI is 0.81 (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 Special 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 Special. 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 real.

Moving together with Small Mutual Fund

  0.96VMIDX Mid Cap IndexPairCorr
  0.88VMSGX Mid Cap StrategicPairCorr
  0.85VAPPX Valic Company IPairCorr
  0.86VSRDX Valic Company IPairCorr
  0.9VSTIX Stock Index FundPairCorr
  0.92VBCVX Broad Cap ValuePairCorr
  0.9VCAAX Asset AllocationPairCorr
  0.89VCBCX Blue Chip GrowthPairCorr
  0.91VCGAX Growth IncomePairCorr
  0.88VCGEX Emerging EconomiesPairCorr
  0.83VCFVX Foreign ValuePairCorr
  0.83VCIEX International EquitiesPairCorr
  0.91VCIGX Valic Company IPairCorr
  0.88VCINX International GrowthPairCorr
  0.88VCNIX Nasdaq 100 IndexPairCorr
  0.87VCSTX Science TechnologyPairCorr
  0.64VCTPX Inflation ProtectedPairCorr
  0.81VCSOX Global Social AwarenessPairCorr
  0.94VCSLX Small Cap IndexPairCorr
  0.85VCULX Growth Fund GrowthPairCorr
  0.86VDAFX Dynamic AllocationPairCorr
  0.9VVMCX Valic Company IPairCorr
  0.86VVSGX Valic Company IPairCorr
  0.92VVSCX Valic Company IPairCorr
  0.84VGCLX Valic Company IPairCorr
  0.84VGLSX Global StrategyPairCorr
  0.75VGREX Global Real EstatePairCorr
  0.86VHYLX Valic Company IPairCorr
  0.82VIOPX Valic Company IPairCorr
  0.86VLAGX Valic Company IPairCorr
  0.92VLCGX Large Capital GrowthPairCorr
  0.85VLSMX Valic Company IPairCorr
  0.97VSIIX Vanguard Small CapPairCorr
  0.97VISVX Vanguard Small CapPairCorr
  0.96DFSVX Us Small CapPairCorr
  0.96DFFVX Us Targeted ValuePairCorr

Related Correlations Analysis

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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.

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