Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Fund
FMIHX Fund  USD 15.44  0.01  0.06%   
The current 90-days correlation between Large Cap Fund and Wasatch Large Cap is 0.18 (i.e., Average diversification). The correlation of Large Cap 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 Cap Correlation With Market

Good diversification

The correlation between Large Cap Fund and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Fund 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 Large Cap 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 rate.

Moving together with Large Mutual Fund

  0.82FMIQX Large Cap FundPairCorr
  0.67FMIMX Common StockPairCorr
  0.78FMIJX International FundPairCorr
  0.69VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.98VIIIX Vanguard InstitutionalPairCorr
  0.97VTISX Vanguard Total InterPairCorr
  0.97VTSNX Vanguard Total InterPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.64HERSX Hartford Emerging MarketsPairCorr
  0.62DDJCX Ddj Opportunistic HighPairCorr
  0.65IHSSX Hartford SmallPairCorr
  0.68POMDX Pacific Funds PortfolioPairCorr
  0.67GITAX Goldman Sachs TechnologyPairCorr
  0.68HFLGX Hennessy Nerstone LargePairCorr
  0.66SSDEX State Street TargetPairCorr
  0.82ILGRX Ivy Large CapPairCorr
  0.67LTFPX Principal Lifetime 2055PairCorr
  0.69HSPGX Emerald GrowthPairCorr
  0.64FSUTX Utilities PortfolioPairCorr
  0.66AABJX American Century OnePairCorr
  0.7ACMDX Absolute Capital DefenderPairCorr
  0.64TASMX Transamerica Smallmid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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