Century Small Correlations

Mutual Funds . USA . 
Fund . Century Small Cap
CSMCX Fund  USD 48.03  0.17  0.35%   
The current 90-days correlation between Century Small Cap and Tfa Alphagen Growth is 0.84 (i.e., Very poor diversification). The correlation of Century Small 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.

Century Small Correlation With Market

Very poor diversification

The correlation between Century Small Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Small 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 Century Small 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 main economic indicators.

Moving together with Century Mutual Fund

  0.66CSMVX Century Small CapPairCorr
  0.63VSGAX Vanguard Small CapPairCorr
  1.0VSGIX Vanguard Small CapPairCorr
  1.0VISGX Vanguard Small CapPairCorr
  0.67VEXPX Vanguard ExplorerPairCorr
  0.67VEXRX Vanguard ExplorerPairCorr
  0.62JGMIX Janus TritonPairCorr
  0.62JGMRX Janus TritonPairCorr
  0.62JGMAX Janus TritonPairCorr
  0.7JGMCX Janus TritonPairCorr
  0.62JGMNX Janus TritonPairCorr
  0.63DXQLX Direxion Monthly NasdaqPairCorr
  0.63RYVLX Nasdaq 100 2xPairCorr
  0.63RYVYX Nasdaq 100 2xPairCorr
  0.63UOPIX Ultra Nasdaq 100PairCorr
  0.63RYCCX Nasdaq 100 2xPairCorr
  0.63UOPSX Ultranasdaq 100 ProfundPairCorr
  0.67INPIX Internet UltrasectorPairCorr
  0.67INPSX Internet UltrasectorPairCorr
  0.81PCMBX California IntermediatePairCorr
  0.98EVFCX Evaluator ConservativePairCorr
  0.96FTDBX FtdbxPairCorr
  0.84TFSLX Touchstone FlexiblePairCorr
  0.97GGIZX Balanced AllocationPairCorr
  0.97CHYDX Calamos High IncomePairCorr
  0.94DELNX Doubleline Low DurationPairCorr
  0.69FRIFX Fidelity Real EstatePairCorr
  0.98USBSX Cornerstone ModeratePairCorr
  0.65VMNVX Vanguard Global MinimumPairCorr
  0.96WAYRX Western Asset HighPairCorr
  0.61LFRRX Lord Abbett InvPairCorr
  0.62PBHAX Prudential High YieldPairCorr
  0.65CLVRX Columbia InternationalPairCorr
  0.67PSILX Spectrum InternationalPairCorr
  0.65BCMPX Blackrock ModeratePairCorr
  0.7IAF Aberdeen AustraliaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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