Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Stock
UISCX Fund  USD 14.37  0.22  1.55%   
The current 90-days correlation between Small Cap Stock and Great West Multi Manager Large is 0.62 (i.e., Poor 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

Very poor diversification

The correlation between Small Cap Stock and DJI is 0.8 (i.e., Very poor 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 interest.

Moving together with Small Mutual Fund

  0.75UICGX Capital GrowthPairCorr
  0.64UIEMX Emerging MarketsPairCorr
  0.77UIHIX High Income FundPairCorr
  0.72UIIFX International FundPairCorr
  0.78UIGIX Growth IncomePairCorr
  0.67UIGSX Government SecuritiesPairCorr
  0.65UIGRX Growth Fund GrowthPairCorr
  0.7UIINX Income Fund IncomePairCorr
  0.92UIISX Income StockPairCorr
  0.68UIITX Intermediate Term BondPairCorr
  0.66UIPMX Precious Metals AndPairCorr
  0.7UISBX Short Term BondPairCorr
  0.93UIVAX Value Fund ValuePairCorr
  0.72UIWGX World GrowthPairCorr
  0.66URIBX Intermediate Term BondPairCorr
  0.67URIFX Income Fund IncomePairCorr
  0.69URGSX Government SecuritiesPairCorr
  0.77URHIX High Income FundPairCorr
  0.71URSBX Short Term BondPairCorr
  0.71USPRX Sp 500 IndexPairCorr
  0.69UTMAX Target Managed AllocationPairCorr
  0.71UGOFX Global Managed VolatilityPairCorr
  0.63UIAGX Aggressive GrowthPairCorr
  0.98VSMAX Vanguard Small CapPairCorr
  0.98VSCIX Vanguard Small CapPairCorr
  0.98VSCPX Vanguard Small CapPairCorr
  0.98NAESX Vanguard Small CapPairCorr
  0.87FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.98PASVX T Rowe PricePairCorr
  0.98PRVIX T Rowe PricePairCorr
  0.88TRZVX T Rowe PricePairCorr
  0.98PRSVX T Rowe PricePairCorr
  0.82ASG Liberty All StarPairCorr

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.

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