Large Company Correlations

Mutual Funds . USA . 
Fund . Large Pany Value
ALVIX Fund  USD 10.38  0.13  1.24%   
The current 90-days correlation between Large Pany Value and Small Pany Fund is 0.88 (i.e., Very poor diversification). The correlation of Large Company 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.

Large Company Correlation With Market

Good diversification

The correlation between Large Pany Value and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Pany Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Large Pany Value. 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 gross domestic product.

Moving together with Large Mutual Fund

  0.97AMDVX Mid Cap ValuePairCorr
  0.67AMEIX Equity GrowthPairCorr
  0.91AMGIX Income GrowthPairCorr
  0.78AMKIX Emerging MarketsPairCorr
  0.87TWADX Value Fund APairCorr
  0.62TWCAX Select Fund APairCorr
  0.62TWCIX Select Fund InvestorPairCorr
  0.97AMVYX Mid Cap ValuePairCorr
  0.86AMVRX Mid Cap ValuePairCorr
  0.7TWBIX Balanced Fund InvestorPairCorr
  0.97AMVGX Mid Cap ValuePairCorr
  0.88TWEAX Equity IncomePairCorr
  1.0TWEIX Equity IncomePairCorr
  0.78TWMIX Emerging MarketsPairCorr
  0.78TWTIX Intermediate Term TaxPairCorr
  0.77TWSCX Strategic Allocation:PairCorr
  0.65TWSAX Strategic Allocation:PairCorr
  0.76TWSMX Strategic Allocation:PairCorr
  0.61TWSIX Select Fund IPairCorr
  0.87TWVLX Value Fund InvestorPairCorr
  0.73NPHIX High Income FundPairCorr

Moving against Large Mutual Fund

  0.36TWACX Short Term GovernmentPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Company 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 Large Company'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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