Capital Management Correlations

Mutual Funds . USA . 
Fund . Capital Management Mid Cap
CMCIX Fund  USD 26.75  0.06  0.22%   
The current 90-days correlation between Capital Management Mid and Balanced Fund Retail is 0.85 (i.e., Very poor diversification). The correlation of Capital Management 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.

Capital Management Correlation With Market

Very poor diversification

The correlation between Capital Management Mid Cap 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 Capital Management Mid Cap 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 Capital Management Mid Cap. 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 Capital Mutual Fund

  0.91CDHIX Calvert Developed MarketPairCorr
  0.91CDHAX Calvert Developed MarketPairCorr
  0.7CDICX Calvert Short DurationPairCorr
  0.91CDHRX Calvert InternationalPairCorr
  0.73CDSRX Calvert Short DurationPairCorr
  0.72CDSIX Calvert Short DurationPairCorr
  0.93CVMAX Calvert Emerging MarketsPairCorr
  0.93CVMRX Calvert Emerging MarketsPairCorr
  0.93CVMIX Calvert Emerging MarketsPairCorr
  0.93CVMCX Calvert Emerging MarketsPairCorr
  0.92CEFAX Calvert Emerging MarketsPairCorr
  0.92CEFIX Congressional EffectPairCorr
  0.85CEMCX Calvert Emerging MarketsPairCorr
  0.85CEMAX Calvert Emerging MarketsPairCorr
  0.94CEYIX Calvert Equity PortfolioPairCorr
  0.95CEYRX Calvert EquityPairCorr
  0.9CFAIX Calvert ConservativePairCorr
  0.91CWVIX Calvert InternationalPairCorr
  0.91CWVGX Calvert InternationalPairCorr
  0.91CWVCX Calvert InternationalPairCorr
  0.75CFICX Calvert IncomePairCorr
  0.95CFJIX Calvert Large CapPairCorr
  0.95CFJAX Calvert Large CapPairCorr
  0.9CFOIX Calvert Floating RatePairCorr
  0.92CFOAX Calvert Floating RatePairCorr
  0.93CFWCX Calvert Global WaterPairCorr
  0.93CFWAX Calvert Global WaterPairCorr
  0.93CFWIX Calvert Global WaterPairCorr
  0.95CGARX Calvert Responsible IndexPairCorr
  0.93CGAEX Calvert Global EnergyPairCorr
  0.93CGACX Calvert Global EnergyPairCorr
  0.94CGJAX Calvert Large CapPairCorr
  0.94CGJIX Calvert Large CapPairCorr
  0.95CGLIX Calvert Global EquityPairCorr
  0.94CGLAX Calvert Global EquityPairCorr
  0.89CYBAX Calvert High YieldPairCorr
  0.89CYBRX Calvert High YieldPairCorr
  0.9CYBIX Calvert High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Management 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 Capital Management'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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