Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLCVX Fund  USD 29.42  0.19  0.65%   
The current 90-days correlation between Large Cap Value and Astor Longshort Fund is 0.97 (i.e., Almost no diversification). The correlation of Large 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.

Large Cap Correlation With Market

Almost no diversification

The correlation between Large Cap Value and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap 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 Large Cap 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 real.

Moving together with Large Mutual Fund

  0.99SABAX Salient Alternative BetaPairCorr
  0.99SABIX Aggressive BalancedPairCorr
  0.99SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  0.99SAMCX Salient Mlp FundPairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.97SSCCX Small CapitalizationPairCorr
  0.99SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.62SBHIX Health BiotchnologyPairCorr
  0.73SBMBX Energy Basic MaterialsPairCorr
  0.99SBMCX Moderate BalancedPairCorr
  0.99SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology CommunicationsPairCorr
  0.98STPCX Technology CommunicationsPairCorr
  0.98STPIX Technology CommunicationsPairCorr
  0.99SCAAX Conservative BalancedPairCorr
  0.99SUMCX Conservative BalancedPairCorr
  0.74SEPIX Energy Basic MaterialsPairCorr
  0.73SEPCX Energy Basic MaterialsPairCorr
  0.97SFPCX Financial ServicesPairCorr
  0.96SFPAX Financial ServicesPairCorr
  0.96SFPIX Financial ServicesPairCorr
  0.61SHPAX Health BiotchnologyPairCorr
  0.97SIEYX International EquityPairCorr
  0.97SIECX International EquityPairCorr
  0.97SIEPX International EquityPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  0.99SLGCX Large CapitalizationPairCorr
  0.99SLGYX Large CapitalizationPairCorr
  1.0SLVCX Large Cap ValuePairCorr
  1.0SLVYX Large Cap ValuePairCorr
  1.0SMACX Moderately ConservativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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