Large Capitalization Correlations

Mutual Funds . USA . 
Fund . Large Capitalization Growth
SLGYX Fund  USD 24.92  0.21  0.84%   
The current 90-days correlation between Large Capitalization and Mid Cap Growth Profund is 0.84 (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

Good diversification

The correlation between Large Capitalization Growth and DJI is -0.07 (i.e., Good 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 manufacturing.

Moving together with Large Mutual Fund

  1.0SABAX Salient Alternative BetaPairCorr
  1.0SABIX Aggressive BalancedPairCorr
  0.98SABCX Salient Alternative BetaPairCorr
  0.99SAMAX Moderately AggressivePairCorr
  0.98SAMCX Salient Mlp FundPairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.97SSCCX Small CapitalizationPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  0.99SBCCX Moderately ConservativePairCorr
  0.67SBHIX Health BiotchnologyPairCorr
  0.88SBMBX Energy Basic MaterialsPairCorr
  0.99SBMCX Moderate BalancedPairCorr
  0.99SBMIX Moderate BalancedPairCorr
  0.99STPAX Technology MunicationsPairCorr
  0.98STPCX Technology MunicationsPairCorr
  0.99STPIX Technology MunicationsPairCorr
  0.99SCAAX Conservative BalancedPairCorr
  0.99SUMCX Conservative BalancedPairCorr
  0.87SEPIX Energy Basic MaterialsPairCorr
  0.87SEPCX Energy Basic MaterialsPairCorr
  0.95SFPCX Financial ServicesPairCorr
  0.97SFPAX Financial ServicesPairCorr
  0.95SFPIX Financial ServicesPairCorr
  0.66SHPAX Health BiotchnologyPairCorr
  0.64SHPCX Health BiotchnologyPairCorr
  0.96SIEYX International EquityPairCorr
  0.96SIECX International EquityPairCorr
  0.96SIEPX International EquityPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  0.97SLCVX Large Cap ValuePairCorr
  1.0SLGCX Large CapitalizationPairCorr
  0.97SLVCX Large Cap ValuePairCorr
  0.99SLVYX Large Cap ValuePairCorr
  0.86SMBCX Municipal Bond PortfolioPairCorr
  0.89SMBAX Municipal Bond PortfolioPairCorr
  0.99SMACX Moderately ServativePairCorr
  0.89SMBPX 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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