Small Cap Correlations

Small Cap Correlation With Market

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 gross domestic product.

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations    EPEIX + 0.99 GMAQX PCEMX + 0.99 GMAQX WESJX + 0.99 GMAQX PCEMX + 0.99 EPEIX HLDFX + 0.99 WESJX WESJX + 0.98 EPEIX

High negative correlations    IEMSX - 0.08 PCEMX IEMSX - 0.08 EPEIX IEMSX - 0.07 WESJX IEMSX - 0.06 GMAQX IEMSX - 0.04 HLDFX

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.