Large Capitalization Correlations

Mutual Funds USA . 
Fund . Large Capitalization Growth
The current 90-days correlation between Large Capitalization and Energy Basic Materials is 0.31 (i.e., Weak 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

Poor diversification

The correlation between Large Capitalization Growth and DJI is 0.69 (i.e., Poor 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. 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 main economic indicators.

Moving together with Large Mutual Fund

  0.99SABAX Salient Alternative BetaPairCorr
  0.64SABIX Aggressive BalancedPairCorr
  0.99SABCX Salient Alternative BetaPairCorr
  0.99SAMAX Moderately AggressivePairCorr
  0.82SAMCX Salient Mlp FundPairCorr
  0.83SAMIX Moderately AggressivePairCorr
  0.96SSCCX Small CapitalizationPairCorr
  0.8SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  0.99SBCCX Moderately ConservativePairCorr
  0.85SBMBX Energy Basic MaterialsPairCorr
  0.82SBMCX Moderate BalancedPairCorr
  0.82SBMIX Moderate BalancedPairCorr
  0.84STPAX Technology MunicationsPairCorr
  0.99STPCX Technology MunicationsPairCorr
  0.99SCAAX Conservative BalancedPairCorr
  0.63SUMCX Conservative BalancedPairCorr
  0.96SFPCX Financial ServicesPairCorr
  0.61SFPAX Financial ServicesPairCorr
  0.61SFPIX Financial ServicesPairCorr
  0.8SLCVX Large Cap ValuePairCorr
  1.0SLGYX Large CapitalizationPairCorr
  0.61SLVYX Large Cap ValuePairCorr
  0.62SMBCX Municipal Bond PortfolioPairCorr
  0.99SMACX Moderately ServativePairCorr
  0.85SMBPX Municipal Bond PortfolioPairCorr
  0.99SMICX Moderately ConservativePairCorr
  0.81SMIPX Mid CapitalizationPairCorr
  0.99SMPAX Moderate BalancedPairCorr
  0.82LUNAX Conservative BalancedPairCorr
  0.65SPMAX Mid CapitalizationPairCorr
  0.65SPMCX Mid CapitalizationPairCorr

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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