Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Stock
UISCX Fund  USD 14.72  0.03  0.20%   
The current 90-days correlation between Small Cap Stock and Dana Large Cap is -0.15 (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 Stock and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Stock 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 Stock. 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 Small Mutual Fund

  0.75UICGX Capital GrowthPairCorr
  0.78UIEMX Emerging MarketsPairCorr
  0.78UIHIX High Income FundPairCorr
  0.73UIIFX International FundPairCorr
  0.74UIGIX Growth IncomePairCorr
  0.69UIGSX Government SecuritiesPairCorr
  0.77UIGRX Growth Fund GrowthPairCorr
  0.69UIINX Income Fund IncomePairCorr
  0.83UIISX Income StockPairCorr
  0.67UIITX Intermediate Term BondPairCorr
  0.69UIPMX Precious Metals AndPairCorr
  0.77UISBX Short Term BondPairCorr
  0.83UIVAX Value Fund ValuePairCorr
  0.71UIWGX World GrowthPairCorr
  0.66URIBX Intermediate Term BondPairCorr
  0.69URIFX Income Fund IncomePairCorr
  0.69URGSX Government SecuritiesPairCorr
  0.76URHIX High Income FundPairCorr
  0.69URSBX Short Term BondPairCorr
  0.66URUSX Ultra Short TermPairCorr
  0.68USPRX Sp 500 IndexPairCorr
  0.69UTMAX Target Managed AllocationPairCorr
  0.66UUSIX Ultra Short TermPairCorr
  0.76UGOFX Global Managed VolatilityPairCorr
  0.61UIAGX Aggressive GrowthPairCorr
  0.83VSMAX Vanguard Small CapPairCorr
  0.98VSCIX Vanguard Small CapPairCorr
  0.83VSCPX Vanguard Small CapPairCorr
  0.98NAESX Vanguard Small CapPairCorr
  0.79FSSNX Fidelity Small CapPairCorr
  0.85DFSTX Us Small CapPairCorr
  0.86PASVX T Rowe PricePairCorr
  0.86PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.86PRSVX T Rowe PricePairCorr
  0.66GAAKX Gmo Alternative AlloPairCorr
  0.67GAAGX Gmo Alternative AlloPairCorr
  0.7GPBFX Gmo E PlusPairCorr

Related Correlations Analysis


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.

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