Mid Cap Correlations

Mutual Funds . USA . 
Fund . Mid Cap Value
AMVRX Fund  USD 15.41  0.09  0.59%   
The current 90-days correlation between Mid Cap Value and Select Fund A is -0.05 (i.e., Good diversification). The correlation of Mid 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.

Mid Cap Correlation With Market

Very poor diversification

The correlation between Mid Cap Value and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mid 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 inflation.

Moving together with Mid Mutual Fund

  0.86AMDVX Mid Cap ValuePairCorr
  0.99AMEIX Equity GrowthPairCorr
  1.0AMGIX Income GrowthPairCorr
  0.75AMKIX Emerging MarketsPairCorr
  0.81TWACX Short Term GovernmentPairCorr
  0.98TWADX Value Fund APairCorr
  0.97TWCCX Ultra Fund CPairCorr
  0.93TWCAX Select Fund APairCorr
  0.96TWCIX Select Fund InvestorPairCorr
  0.97TWCGX Growth Fund InvestorPairCorr
  0.79TWARX Short Term GovernmentPairCorr
  0.83TWAVX Short Term GovernmentPairCorr
  1.0AMVYX Mid Cap ValuePairCorr
  1.0AMVGX Mid Cap ValuePairCorr
  0.98TWEAX Equity IncomePairCorr
  1.0TWEIX Equity IncomePairCorr
  0.9TWGAX International GrowthPairCorr
  0.97TWGIX Growth Fund IPairCorr
  0.98TWGGX Global GrowthPairCorr
  0.79TWIEX International GrowthPairCorr
  0.98TWHIX Heritage Fund InvestorPairCorr
  0.75TWMIX Emerging MarketsPairCorr
  0.97TWRCX Growth Fund CPairCorr
  0.78TWTCX Intermediate Term TaxPairCorr
  0.83TWTIX Intermediate Term TaxPairCorr
  0.94TWSCX Strategic AllocationPairCorr
  0.94TWSAX Strategic AllocationPairCorr
  0.94TWSMX Strategic AllocationPairCorr
  0.96TWSIX Select Fund IPairCorr
  0.82TWUSX Short Term GovernmentPairCorr
  1.0TWVLX Value Fund InvestorPairCorr
  0.93TWUAX Ultra Fund APairCorr
  0.95TWUIX Ultra Fund IPairCorr
  0.83TWUOX Short Term GovernmentPairCorr
  0.82TWWOX Intermediate Term TaxPairCorr
  0.86NPHIX High Income FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mid Mutual Fund performing well and Mid 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 Mid 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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