Small Pany Correlations

Mutual Funds . USA . 
Fund . Small Pany Fund
FOSCX Fund  USD 29.47  0.30  1.01%   
The current 90-days correlation between Small Pany Fund and International Fund International is -0.23 (i.e., Very good diversification). The correlation of Small Pany 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 Pany Correlation With Market

Good diversification

The correlation between Small Pany Fund 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 Small Pany 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 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 main economic indicators.

Moving together with Small Mutual Fund

  0.76FSMBX Tributary Smallmid CapPairCorr
  0.76FSMCX Tributary Smallmid CapPairCorr
  0.97FOBAX Balanced Fund InstitPairCorr
  0.76FOBPX Balanced Fund InstitPairCorr
  0.72FONPX Tributary Nebraska TaxPairCorr
  0.78FOSIX Short Intermediate BondPairCorr
  1.0FOSBX Small Pany FundPairCorr
  0.66FOSPX Short Intermediate BondPairCorr
  0.75VSMAX Vanguard Small CapPairCorr
  0.75VSCIX Vanguard Small CapPairCorr
  0.75VSCPX Vanguard Small CapPairCorr
  0.75NAESX Vanguard Small CapPairCorr
  0.75FSSNX Fidelity Small CapPairCorr
  0.75DFSTX Us Small CapPairCorr
  0.74PASVX T Rowe PricePairCorr
  0.74PRVIX T Rowe PricePairCorr
  0.74TRZVX T Rowe PricePairCorr
  0.74PRSVX T Rowe PricePairCorr
  0.72CPAYX Columbia Pacific/asiaPairCorr
  0.72CASAX Columbia Pacific/asiaPairCorr
  0.76CCCZX Center St BrookfieldPairCorr
  0.72CASCX Columbia PacificasiaPairCorr
  0.73MSKLX Mid Cap GrowthPairCorr
  0.74CISGX Touchstone Sands CapitalPairCorr
  0.73MMCGX Mid Cap GrowthPairCorr
  0.96MRGEX Msif Emerging MarketsPairCorr
  0.75PMFKX Pioneer Multi AssetPairCorr
  0.98CUSCX Cullen Small CapPairCorr
  0.69CIPIX Champlain Mid CapPairCorr
  0.74CSDGX Copeland Smid CapPairCorr
  0.88HRIIX Hood River InternationalPairCorr
  0.96SCIPX Strategic Asset ManaPairCorr
  0.72RNEBX New World FundPairCorr
  0.72CEMDX Cullen Emerging MarketsPairCorr
  0.77JABTX John Hancock OpportuPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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