Dean Mid Correlations

Mutual Funds USA . 
Fund . Dean Mid Cap
DALCX Fund  USD 27.02  0.14  0.52%   
The current 90-days correlation between Dean Mid Cap and Dean Small Cap is -0.12 (i.e., Good diversification). The correlation of Dean Mid 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.

Dean Mid Correlation With Market

Good diversification

The correlation between Dean Mid Cap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dean Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dean 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 main economic indicators.

Moving together with Dean Mutual Fund

  0.9DAEIX Unified Series TrustPairCorr
  0.93DASCX Dean Small CapPairCorr
  0.95VMVAX Vanguard Mid CapPairCorr
  0.96JVMAX John Hancock DisciplinedPairCorr
  0.96JVMIX John Hancock DisciplinedPairCorr
  0.95VMVIX Vanguard Mid CapPairCorr
  0.93JMVZX Jpmorgan Mid CapPairCorr
  0.93JMVRX Jpmorgan Mid CapPairCorr
  0.93JMVQX Jpmorgan Mid CapPairCorr
  0.93JMVYX Jpmorgan Mid CapPairCorr
  0.93JMVPX Jpmorgan Mid CapPairCorr
  0.94VETAX Victory Sycamore EstPairCorr
  0.97ASG Liberty All StarPairCorr
  0.87IIF Morgan Stanley IndiaPairCorr
  0.96CII Blackrock EnhancedPairCorr
  0.82IFN India ClosedPairCorr
  0.94ETV Eaton Vance TaxPairCorr
  0.89CLM Cornerstone StrategicPairCorr
  0.89CRF Cornerstone StrategicPairCorr
  0.96USA Liberty All StarPairCorr
  0.96ETY Eaton Vance TaxPairCorr
  0.93NFJ Virtus Dividend InterestPairCorr
  0.88LOMAX Edgar Lomax ValuePairCorr
  0.94IIRSX Voya Russelltm SmallPairCorr
  0.96AGTHX Growth FundPairCorr
  0.93WHGSX Westwood Smallcap ValuePairCorr
  0.96VSPMX Vanguard Sp MidPairCorr
  0.91EEQIX Bts Enhanced EquityPairCorr
  0.97LFTKX Mfs Lifetime 2065PairCorr
  0.78MLXCX Catalyst Mlp InfrastPairCorr
  0.9FMUSX Federated MunicipalPairCorr
  0.85AOUIX Angel Oak UltrashortPairCorr
  0.75MUBWX Manning Napier UnconPairCorr
  0.84KNGRX Vest Sp500 DivPairCorr
  0.89LPEIX Alpsred Rocks ListedPairCorr
  0.96PMYAX Putnam Multicap CorePairCorr
  0.74LIONX Issachar Fund IssacharPairCorr
  0.94ECIBX Eaton Vance IncomePairCorr
  0.96TLACX Transamerica Large CorePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dean Mutual Fund performing well and Dean Mid 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 Dean Mid'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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