Large Capital Correlations

VLCGX Fund

USD 18.23 0.09 0.49%

The current 90-days correlation between Large Capital Growth and Allianzgi Technology Fund is 0.88 (i.e., Very poor diversification). The correlation of Large Capital 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 Capital Correlation With Market

Significant diversification

The correlation between Large Capital Growth and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Capital Growth 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 Capital Growth. 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 rate.

Moving together with Large Mutual Fund

0.93	VAPPX	Valic Company I	Pair Corr
0.82	VSRDX	Valic Company I	Pair Corr
0.79	VSTIX	Stock Index Fund	Pair Corr
0.71	VBCVX	Broad Cap Value	Pair Corr
0.72	VCAAX	Asset Allocation	Pair Corr
0.92	VCBCX	Blue Chip Growth	Pair Corr
0.92	VCGAX	Growth Income	Pair Corr
0.76	VCGEX	Emerging Economies	Pair Corr
0.7	VCFVX	Foreign Value	Pair Corr
0.83	VCIEX	International Equities	Pair Corr
0.76	VCIGX	Valic Company I	Pair Corr
0.73	VCINX	International Growth	Pair Corr
0.77	VCNIX	Nasdaq 100 Index	Pair Corr
0.83	VCSTX	Science Technology	Pair Corr
0.82	VCSOX	Global Social Awareness	Pair Corr
0.76	VCSLX	Small Cap Index	Pair Corr
0.88	VCULX	Growth Fund Growth	Pair Corr
0.85	VDAFX	Dynamic Allocation	Pair Corr
0.65	VVSGX	Valic Company I	Pair Corr
0.84	VGCLX	Valic Company I	Pair Corr
0.71	VGLSX	Global Strategy	Pair Corr
0.75	VHYLX	Valic Company I	Pair Corr
0.62	VIOPX	Valic Company I	Pair Corr
0.82	VLAGX	Valic Company I	Pair Corr
0.76	VLSMX	Valic Company I	Pair Corr
0.68	FAFGX	American Funds	Pair Corr
0.83	FFAFX	American Funds	Pair Corr
0.66	GFACX	Growth Fund	Pair Corr
0.8	GFAFX	Growth Fund	Pair Corr

Moving against Large Mutual Fund

0.89	USPSX	Profunds Ultrashort	Pair Corr
0.41	PDI	Pimco Dynamic Income	Pair Corr

Related Correlations Analysis

	RAGTX	JGLTX	CMTFX	BSTSX	FRBRX	DTEYX
RAGTX		0.91	0.99	0.88	0.49	0.88	RAGTX
JGLTX	0.91		0.89	0.98	0.33	0.97	JGLTX
CMTFX	0.99	0.89		0.86	0.51	0.88	CMTFX
BSTSX	0.88	0.98	0.86		0.25	0.97	BSTSX
FRBRX	0.49	0.33	0.51	0.25		0.36	FRBRX
DTEYX	0.88	0.97	0.88	0.97	0.36		DTEYX
	RAGTX	JGLTX	CMTFX	BSTSX	FRBRX	DTEYX

Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Capital 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 Capital'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
RAGTX	1.09	0.10	0.03	0.72	1.54	(1.01)	2.23	(2.90)	6.27
JGLTX	0.89	0.02	0.02	0.08	1.29	(0.87)	2.13	(2.26)	5.45
CMTFX	0.99	0.09	0.03	0.82	1.41	(0.95)	1.87	(2.57)	5.72
BSTSX	1.12	0.04	0.03	0.09	1.55	(1.09)	2.62	(2.81)	6.88
FRBRX	1.05	0.41	0.26	0.89	0.96	(1.21)	2.48	(1.60)	5.16
DTEYX	1.04	0.07	0.05	0.11	1.50	(1.00)	1.70	(2.46)	6.53

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