Mid Cap Correlations

Mutual Funds . USA . 
Fund . Mid Cap Value
AMVYX Fund  USD 15.97  0.24  1.48%   
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

Good diversification

The correlation between Mid Cap Value and DJI is -0.16 (i.e., Good 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 manufacturing.

Moving together with Mid Mutual Fund

  1.0AMDVX Mid Cap ValuePairCorr
  0.95AMEIX Equity GrowthPairCorr
  0.94AMGIX Income GrowthPairCorr
  0.64CDBCX Diversified BondPairCorr
  0.94AMKIX Emerging MarketsPairCorr
  0.99TWADX Value Fund APairCorr
  0.94TWCCX Ultra Fund CPairCorr
  0.95TWCAX Select Fund APairCorr
  0.94TWCIX Select Fund InvestorPairCorr
  0.94TWCGX Growth Fund InvestorPairCorr
  0.65TWAVX Short Term GovernmentPairCorr
  0.94AMVRX Mid Cap ValuePairCorr
  0.94TWBIX Balanced Fund InvestorPairCorr
  0.94AMVGX Mid Cap ValuePairCorr
  0.93TWEAX Equity IncomePairCorr
  0.99TWEIX Equity IncomePairCorr
  0.94TWCUX Ultra Fund InvestorPairCorr
  0.89TWGAX International GrowthPairCorr
  0.94TWGIX Growth Fund IPairCorr
  0.93TWGGX Global GrowthPairCorr
  0.87TWIEX International GrowthPairCorr
  0.93TWHIX Heritage Fund InvestorPairCorr
  0.92TWMIX Emerging MarketsPairCorr
  0.94TWRCX Growth Fund CPairCorr
  0.85TWTCX Intermediate Term TaxPairCorr
  0.88TWTIX Intermediate Term TaxPairCorr
  0.93TWSCX Strategic Allocation:PairCorr
  0.94TWSAX Strategic Allocation:PairCorr
  0.94TWSMX Strategic Allocation:PairCorr
  0.95TWSIX Select Fund IPairCorr
  0.67TWUSX Short Term GovernmentPairCorr
  0.94TWVLX Value Fund InvestorPairCorr
  0.96TWUAX Ultra Fund APairCorr
  0.94TWUIX Ultra Fund IPairCorr
  0.67TWUOX Short Term GovernmentPairCorr
  0.85TWWOX Intermediate Term TaxPairCorr
  0.92NPHIX High Income FundPairCorr

Related Correlations Analysis

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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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