Small Company Correlations

Mutual Funds . USA . 
Fund . Small Pany Value
SCVAX Fund  USD 35.17  0.15  0.42%   
The current 90-days correlation between Small Pany Value and Intermediate Government Bond is -0.12 (i.e., Good diversification). The correlation of Small Company 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 Company Correlation With Market

Very poor diversification

The correlation between Small Pany Value and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Pany Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Small Pany Value. 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 nation.

Moving together with Small Mutual Fund

  0.9DHICX Wells Fargo AdvantagePairCorr
  0.9VMPYX Wells Fargo AdvantagePairCorr
  0.91VMPAX Wells Fargo AdvantagePairCorr
  0.89SADAX Wells Fargo UltraPairCorr
  0.88SADIX Wells Fargo UltraPairCorr
  0.95EMGYX Wells Fargo EmergingPairCorr
  0.95EMGNX Wells Fargo EmergingPairCorr
  0.95EMGCX Wells Fargo EmergingPairCorr
  0.95EMGAX Wells Fargo EmergingPairCorr
  0.85SSHIX Wells Fargo ShortPairCorr
  0.94SSTHX Wells Fargo ShortPairCorr
  0.85SSTVX Wells Fargo ShortPairCorr
  0.97WSCGX Small Pany GrowthPairCorr
  0.98WSCOX Wells Fargo AdvantagePairCorr
  0.91WSBIX Short Term MunicipalPairCorr
  0.95STAFX Wells Fargo LargePairCorr
  0.68WSGIX Wells Fargo ShortPairCorr
  0.95STDFX Wells Fargo LargePairCorr
  0.87WSIAX Wells Fargo StrategicPairCorr
  0.88WSIDX Wells Fargo StrategicPairCorr
  0.86WSICX Wells Fargo StrategicPairCorr
  0.88WSINX Wells Fargo StrategicPairCorr
  0.91WSMAX Short Term MunicipalPairCorr
  0.97WSMCX Small Pany GrowthPairCorr
  0.89WSSCX Short Term MunicipalPairCorr
  0.9WSTMX Short Term MunicipalPairCorr
  0.95STOFX Wells Fargo LargePairCorr
  0.95STNFX Wells Fargo LargePairCorr
  0.98STSAX Wells Fargo MonPairCorr
  0.91STRIX Wells Fargo AdvantagePairCorr
  0.69STYAX Wells Fargo IncomePairCorr
  0.93STYIX Wells Fargo ShortPairCorr
  0.98SCNSX Wells Fargo MonPairCorr
  0.98SCSDX Wells Fargo MonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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