Sp 500 Correlations

Mutual Funds . USA . 
Fund . Sp 500 Index
SPFIX Fund  USD 75.12  0.17  0.23%   
The current 90-days correlation between Sp 500 Index and Sp Midcap Index is -0.14 (i.e., Good diversification). The correlation of Sp 500 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.

Sp 500 Correlation With Market

Good diversification

The correlation between Sp 500 Index and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sp 500 Index 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 Sp 500 Index. 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 SPFIX Mutual Fund

  0.87EMSLX Shelton Emerging MarketsPairCorr
  0.96EMSQX Shelton Emerging MarketsPairCorr
  0.99NQQQX Shelton FundsPairCorr
  0.99NASDX Nasdaq 100 IndexPairCorr
  1.0EQTKX Shelton E ValuePairCorr
  1.0EQTIX Shelton E ValuePairCorr
  0.99NDXKX Nasdaq 100 IndexPairCorr
  0.98NEXIX Shelton Green AlphaPairCorr
  0.98NEXTX Shelton Green AlphaPairCorr
  0.95SISEX Shelton InternationalPairCorr
  0.95SISLX Shelton InternationalPairCorr
  0.93SMCIX Sp Smallcap IndexPairCorr
  0.93SMLKX Sp Smallcap IndexPairCorr
  0.9DEBTX Shelton Tactical CreditPairCorr
  0.85DEBIX Shelton Tactical CreditPairCorr
  0.88SPMIX Sp Midcap IndexPairCorr
  0.97MIDKX Sp Midcap IndexPairCorr
  1.0SPXKX Sp 500 IndexPairCorr
  0.9VTSAX Vanguard Total StockPairCorr
  0.85VFIAX Vanguard 500 IndexPairCorr
  0.9VTSMX Vanguard Total StockPairCorr
  0.85VITSX Vanguard Total StockPairCorr
  0.9VSMPX Vanguard Total StockPairCorr
  0.9VSTSX Vanguard Total StockPairCorr
  0.9VFINX Vanguard 500 IndexPairCorr
  0.9VFFSX Vanguard 500 IndexPairCorr
  0.85VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.79BRUFX Bruce Fund BrucePairCorr
  0.98SPGSX State Street PremierPairCorr
  0.73KF Korea ClosedPairCorr
  0.99FHDEX Fidelity Freedom BlendPairCorr
  1.0IAGSX Voya Solution ModeratelyPairCorr

Moving against SPFIX Mutual Fund

  0.34CAUKX Us Government SecuritiesPairCorr
  0.31CAUSX Us Government SecuritiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SPFIX Mutual Fund performing well and Sp 500 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 Sp 500'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY