Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Growth
JSJFX Fund  USD 16.54  0.11  0.66%   
The current 90-days correlation between Small Cap Growth and Iaadx is -0.07 (i.e., Good diversification). The correlation of Small 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.

Small Cap Correlation With Market

Very poor diversification

The correlation between Small Cap Growth and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Small Cap Growth. 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 census.

Moving together with Small Mutual Fund

  0.68JQLMX Multimanager LifestylePairCorr
  0.68JQLBX Multimanager LifestylePairCorr
  0.67JQLAX Multimanager LifestylePairCorr
  0.68JQLCX Multimanager LifestylePairCorr
  0.68JQLGX Multimanager LifestylePairCorr
  0.68JRETX J Hancock IiPairCorr
  0.66JRLDX Retirement Living ThroughPairCorr
  0.66JRLFX Multi Index 2010PairCorr
  0.67JRLIX Retirement Living ThroughPairCorr
  0.66JRLHX Retirement Living ThroughPairCorr
  0.66JRLKX Multi Index 2015PairCorr
  0.68JRLLX Retirement Living ThroughPairCorr
  0.67JRLOX Retirement Living ThroughPairCorr
  0.68JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.68JRLUX Multi Index 2045PairCorr
  0.68JRLWX Retirement Living ThroughPairCorr
  0.68JRLVX Retirement Living ThroughPairCorr
  0.68JRLZX Retirement Living ThroughPairCorr
  0.68JROUX J Hancock IiPairCorr
  0.68JRODX J Hancock IiPairCorr
  0.68JAAFX Jhancock Multi IndexPairCorr
  0.68JAAJX Jhancock Multi IndexPairCorr
  0.67JAAIX Alternative AssetPairCorr
  0.68JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.67JRTBX Retirement Living ThroughPairCorr
  0.67JRTAX Retirement Living ThroughPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.67JRTDX Multi Index 2025PairCorr
  0.68JRTGX Retirement Living ThroughPairCorr
  0.67JRTFX Retirement Living ThroughPairCorr
  0.68JAASX Alternative AssetPairCorr
  0.68JRTIX Multi Index 2030PairCorr
  0.68JAAVX Jhancock MultimanagerPairCorr
  0.68JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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