Large Capitalization Correlations

SLGYX Fund

USD 26.96 0.03 0.11%

The current 90-days correlation between Large Capitalization and Fuhkbx is -0.11 (i.e., Good 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 0.62 (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, 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 private.

Moving together with Large Mutual Fund

0.95	SABAX	Salient Alternative Beta	Pair Corr
0.95	SABIX	Aggressive Balanced	Pair Corr
0.95	SAMAX	Moderately Aggressive	Pair Corr
0.94	SAMCX	Salient Mlp Fund	Pair Corr
0.81	SAMIX	Moderately Aggressive	Pair Corr
0.81	SBCCX	Moderately Conservative	Pair Corr
0.71	SBHIX	Health Biotchnology	Pair Corr
0.94	SBMCX	Moderate Balanced	Pair Corr
0.82	SBMIX	Moderate Balanced	Pair Corr
0.95	STPAX	Technology Communications	Pair Corr
0.86	STPCX	Technology Communications	Pair Corr
0.87	STPIX	Technology Communications	Pair Corr
0.94	SCAAX	Conservative Balanced	Pair Corr
0.91	SUMCX	Conservative Balanced	Pair Corr
0.68	SHPAX	Health Biotchnology	Pair Corr
0.73	SHPCX	Health Biotchnology	Pair Corr
0.67	SIBPX	Investment Quality Bond	Pair Corr
0.92	SLCGX	Large Capitalization	Pair Corr
0.98	SLGCX	Large Capitalization	Pair Corr
0.87	SMBCX	Municipal Bond Portfolio	Pair Corr
0.87	SMBAX	Municipal Bond Portfolio	Pair Corr
0.86	SMBPX	Municipal Bond Portfolio	Pair Corr
0.82	SMICX	Moderately Servative	Pair Corr
0.82	SMPAX	Moderate Balanced	Pair Corr
0.94	LUNAX	Conservative Balanced	Pair Corr

Moving against Large Mutual Fund

0.59	SLCVX	Large Cap Value	Pair Corr
0.59	SLVYX	Large Cap Value	Pair Corr

Related Correlations Analysis

	FUHKBX	GUGAX	MFTFX	GMLVX	WABMSX	PRNHX	LMUSX
FUHKBX		0.81	0.79	0.79	0.88	0.87	0.83	FUHKBX
GUGAX	0.81		0.84	0.88	0.84	0.89	0.85	GUGAX
MFTFX	0.79	0.84		0.85	0.87	0.86	0.79	MFTFX
GMLVX	0.79	0.88	0.85		0.94	0.91	0.96	GMLVX
WABMSX	0.88	0.84	0.87	0.94		0.88	0.92	WABMSX
PRNHX	0.87	0.89	0.86	0.91	0.88		0.91	PRNHX
LMUSX	0.83	0.85	0.79	0.96	0.92	0.91		LMUSX
	FUHKBX	GUGAX	MFTFX	GMLVX	WABMSX	PRNHX	LMUSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FUHKBX	0.43	0.08	(0.04)	(0.98)	0.61	(0.45)	0.99	(0.89)	3.79
GUGAX	0.18	0.02	(0.38)	1.06	0.00	(0.22)	0.40	(0.28)	0.96
MFTFX	0.90	0.20	0.07	(1.29)	0.99	(1.02)	2.37	(1.59)	6.84
GMLVX	0.65	0.07	0.05	0.19	0.68	(0.74)	1.35	(0.83)	4.57
WABMSX	0.44	0.08	(0.05)	(0.46)	0.56	(0.47)	0.93	(0.75)	3.94
PRNHX	0.82	0.01	0.04	0.10	0.82	(0.93)	2.00	(1.33)	5.65
LMUSX	0.49	0.02	0.02	0.12	0.55	(0.52)	1.25	(0.85)	4.03

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