Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLVYX Fund  USD 26.41  0.14  0.53%   
The current 90-days correlation between Large Cap Value and Nuveen Strategic Municipal is 0.73 (i.e., Poor 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

Very good diversification

The correlation between Large Cap Value and DJI is -0.25 (i.e., Very good 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 manufacturing.

Moving together with Large Mutual Fund

  1.0SABAX Salient Alternative BetaPairCorr
  1.0SABIX Aggressive BalancedPairCorr
  0.97SABCX Salient Alternative BetaPairCorr
  1.0SAMAX Moderately AggressivePairCorr
  0.97SAMCX Salient Mlp FundPairCorr
  1.0SAMIX Moderately AggressivePairCorr
  0.98SSCCX Small CapitalizationPairCorr
  0.97SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.76SBHIX Health BiotchnologyPairCorr
  0.89SBMBX Energy Basic MaterialsPairCorr
  0.97SBMCX Moderate BalancedPairCorr
  0.97SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology MunicationsPairCorr
  0.96STPCX Technology MunicationsPairCorr
  0.96STPIX Technology MunicationsPairCorr
  0.99SCAAX Conservative BalancedPairCorr
  0.99SUMCX Conservative BalancedPairCorr
  0.88SEPIX Energy Basic MaterialsPairCorr
  0.88SEPCX Energy Basic MaterialsPairCorr
  0.95SFPCX Financial ServicesPairCorr
  0.95SFPAX Financial ServicesPairCorr
  0.95SFPIX Financial ServicesPairCorr
  0.72SHPAX Health BiotchnologyPairCorr
  0.74SHPCX Health BiotchnologyPairCorr
  0.97SIEYX International EquityPairCorr
  0.95SIECX International EquityPairCorr
  0.95SIEPX International EquityPairCorr
  0.97SLCGX Large CapitalizationPairCorr
  0.98SLCVX Large Cap ValuePairCorr
  0.99SLGCX Large CapitalizationPairCorr
  0.99SLGYX Large CapitalizationPairCorr
  0.98SLVCX Large Cap ValuePairCorr
  0.69SMBCX Municipal Bond PortfolioPairCorr
  0.97SMACX 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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