Small Cap Correlations

SLPIX Fund

USD 112.69 0.70 0.62%

The current 90-days correlation between Small Cap Profund and Vest Large Cap is -0.11 (i.e., Good diversification). The correlation of Small 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.

Small Cap Correlation With Market

Good diversification

The correlation between Small Cap Profund Small Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Profund Small Cap 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 Small Cap Profund Small Cap. 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 gross domestic product.

Moving together with Small Mutual Fund

0.75	TEPIX	Technology Ultrasector	Pair Corr
0.98	TEPSX	Technology Ultrasector	Pair Corr
0.98	LGPIX	Large Cap Growth	Pair Corr
0.72	LGPSX	Profunds Large Cap	Pair Corr
0.82	OTPIX	Nasdaq 100 Profund	Pair Corr
0.66	UJPIX	Ultrajapan Profund	Pair Corr
0.72	OTPSX	Nasdaq 100 Profund	Pair Corr
0.67	UJPSX	Ultrajapan Profund	Pair Corr
0.99	MLPSX	Mid Cap Value	Pair Corr
0.99	MLPIX	Mid Cap Value	Pair Corr
0.7	ENPSX	Oil Gas Ultrasector	Pair Corr
0.8	ENPIX	Oil Gas Ultrasector	Pair Corr
0.87	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.74	PHPIX	Pharmaceuticals Ultrasector	Pair Corr
0.82	INPIX	Internet Ultrasector	Pair Corr
0.82	INPSX	Internet Ultrasector	Pair Corr
0.75	ULPIX	Ultrabull Profund	Pair Corr
0.71	WCPIX	Mobile Telecommunicatio	Pair Corr
0.7	WCPSX	Mobile Telecommunicatio	Pair Corr
0.78	OEPSX	Oil Equipment Services	Pair Corr
0.91	CYPSX	Consumer Services	Pair Corr
0.91	CYPIX	Consumer Services	Pair Corr
0.79	OEPIX	Oil Equipment Services	Pair Corr
0.99	SVPIX	Small Cap Value	Pair Corr
0.7	SVPSX	Small Cap Value	Pair Corr
0.98	UMPSX	Ultramid Cap Profund	Pair Corr
0.98	UMPIX	Ultramid Cap Profund	Pair Corr

Moving against Small Mutual Fund

0.98	BRPIX	Bear Profund Bear	Pair Corr
0.97	UIPSX	Ultrashort Mid Cap	Pair Corr
0.82	BRPSX	Bear Profund Bear	Pair Corr
0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.64	UKPIX	Ultrashort Japan Profund	Pair Corr
0.63	UKPSX	Ultrashort Japan Profund	Pair Corr
0.51	SRPSX	Short Real Estate	Pair Corr

Related Correlations Analysis

	ENGRX	OWLSX	AMONX	LMTIX	BALGX	PTEZX	MTCGX	FCLKX
ENGRX		1.0	0.99	1.0	1.0	1.0	0.99	1.0	ENGRX
OWLSX	1.0		0.99	1.0	1.0	1.0	0.99	1.0	OWLSX
AMONX	0.99	0.99		1.0	1.0	1.0	1.0	0.99	AMONX
LMTIX	1.0	1.0	1.0		1.0	1.0	1.0	0.99	LMTIX
BALGX	1.0	1.0	1.0	1.0		1.0	1.0	0.99	BALGX
PTEZX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	PTEZX
MTCGX	0.99	0.99	1.0	1.0	1.0	1.0		0.99	MTCGX
FCLKX	1.0	1.0	0.99	0.99	0.99	1.0	0.99		FCLKX
	ENGRX	OWLSX	AMONX	LMTIX	BALGX	PTEZX	MTCGX	FCLKX

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Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small 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 Small 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ENGRX	0.35	0.06	(0.01)	0.26	0.22	(0.43)	0.99	(0.52)	3.10
OWLSX	0.48	0.12	0.11	0.33	0.24	(0.58)	1.45	(1.02)	3.37
AMONX	0.73	0.15	0.14	0.29	0.55	(0.80)	2.22	(1.05)	4.88
LMTIX	0.64	0.11	0.11	0.25	0.54	(0.76)	1.82	(1.15)	4.80
BALGX	0.83	0.15	0.15	0.27	0.67	(1.01)	2.27	(1.47)	5.98
PTEZX	0.68	0.11	0.11	0.25	0.56	(0.79)	2.11	(1.26)	5.32
MTCGX	0.86	0.18	0.17	0.30	0.61	(1.00)	2.40	(1.62)	6.22
FCLKX	0.59	0.20	0.22	0.38	0.00	(0.72)	2.04	(1.17)	4.14

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