Large Capitalization Correlations

Mutual Funds . USA . 
Fund . Large Capitalization Growth
SLCGX Fund  USD 32.30  0.12  0.37%   
The current 90-days correlation between Large Capitalization and Large Cap Value is 0.8 (i.e., Very poor diversification). The correlation of Large Capitalization 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 Capitalization Correlation With Market

Significant diversification

The correlation between Large Capitalization Growth and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Capitalization Growth 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 Large Capitalization 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 price.

Moving together with Large Mutual Fund

  0.85SABAX Salient Alternative BetaPairCorr
  0.73SABIX Aggressive BalancedPairCorr
  0.84SABCX Salient Alternative BetaPairCorr
  0.85SAMAX Moderately AggressivePairCorr
  0.99SAMCX Salient Mlp FundPairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.8SSCCX Small CapitalizationPairCorr
  0.98SSCPX Small CapitalizationPairCorr
  0.83SSCYX Small CapitalizationPairCorr
  0.84SBCCX Moderately ConservativePairCorr
  0.74SBMBX Energy Basic MaterialsPairCorr
  0.99SBMCX Moderate BalancedPairCorr
  0.99SBMIX Moderate BalancedPairCorr
  0.99STPAX Technology MunicationsPairCorr
  0.83STPCX Technology MunicationsPairCorr
  0.84STPIX Technology MunicationsPairCorr
  0.85SCAAX Conservative BalancedPairCorr
  0.84SUMCX Conservative BalancedPairCorr
  0.64SEPIX Energy Basic MaterialsPairCorr
  0.85SEPCX Energy Basic MaterialsPairCorr
  0.81SFPCX Financial ServicesPairCorr
  0.67SFPAX Financial ServicesPairCorr
  0.71SFPIX Financial ServicesPairCorr
  0.82SIEYX International EquityPairCorr
  0.64SIECX International EquityPairCorr
  0.95SIEPX International EquityPairCorr
  0.98SLCVX Large Cap ValuePairCorr
  0.83SLGCX Large CapitalizationPairCorr
  0.84SLGYX Large CapitalizationPairCorr
  0.98SLVCX Large Cap ValuePairCorr
  0.86SLVYX Large Cap ValuePairCorr
  0.79SMBCX Municipal Bond PortfolioPairCorr
  0.7SMBAX Municipal Bond PortfolioPairCorr
  0.85SMACX Moderately ServativePairCorr
  0.79SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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