Small Company Correlations

Mutual Funds . USA . 
Fund . Small Pany Fund
ASCQX Fund  USD 16.49  0.11  0.66%   
The current 90-days correlation between Small Pany Fund and Ab Bond Inflation is -0.1 (i.e., Good diversification). The correlation of Small 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.

Small Company Correlation With Market

Very poor diversification

The correlation between Small Pany Fund and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Pany Fund 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 Small Pany 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 producer price index.

Moving together with Small Mutual Fund

  0.98AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  0.99AMGIX Income GrowthPairCorr
  0.62CDBCX Diversified BondPairCorr
  0.97AMKIX Emerging MarketsPairCorr
  0.98TWADX Value Fund APairCorr
  0.98TWCCX Ultra Fund CPairCorr
  0.98TWCAX Select Fund APairCorr
  0.98TWCIX Select Fund InvestorPairCorr
  0.98TWCGX Growth Fund InvestorPairCorr
  0.61TWARX Short Term GovernmentPairCorr
  0.68TWAVX Short Term GovernmentPairCorr
  0.98AMVYX Mid Cap ValuePairCorr
  0.98AMVRX Mid Cap ValuePairCorr
  0.98TWBIX Balanced Fund InvestorPairCorr
  0.98AMVGX Mid Cap ValuePairCorr
  0.96TWEAX Equity IncomePairCorr
  0.97TWEIX Equity IncomePairCorr
  0.98TWCUX Ultra Fund InvestorPairCorr
  0.91TWGAX International GrowthPairCorr
  0.98TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.91TWIEX International GrowthPairCorr
  0.98TWHIX Heritage Fund InvestorPairCorr
  0.97TWMIX Emerging MarketsPairCorr
  0.98TWRCX Growth Fund CPairCorr
  0.87TWTCX Intermediate Term TaxPairCorr
  0.89TWTIX Intermediate Term TaxPairCorr
  0.98TWSCX Strategic Allocation:PairCorr
  0.99TWSAX Strategic Allocation:PairCorr
  0.98TWSMX Strategic Allocation:PairCorr
  0.98TWSIX Select Fund IPairCorr
  0.7TWUSX Short Term GovernmentPairCorr
  0.99TWVLX Value Fund InvestorPairCorr
  0.98TWUAX Ultra Fund APairCorr
  0.98TWUIX Ultra Fund IPairCorr
  0.7TWUOX Short Term GovernmentPairCorr
  0.89TWWOX Intermediate Term TaxPairCorr
  0.96NPHIX High Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small 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 Small 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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