Large-cap Growth Correlations

LGPIX Fund

USD 54.81 0.20 0.37%

The current 90-days correlation between Large Cap Growth and Nationwide Investor Destinations is 0.78 (i.e., Poor diversification). The correlation of Large-cap Growth 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-cap Growth Correlation With Market

Significant diversification

The correlation between Large Cap Growth Profund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Growth Profund and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Large Cap Growth Profund. 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 gross domestic product.

Moving together with Large-cap Mutual Fund

0.89	TEPIX	Technology Ultrasector	Pair Corr
0.89	TEPSX	Technology Ultrasector	Pair Corr
1.0	LGPSX	Profunds Large Cap	Pair Corr
0.9	OTPIX	Nasdaq 100 Profund	Pair Corr
0.82	UJPIX	Ultrajapan Profund	Pair Corr
0.9	OTPSX	Nasdaq 100 Profund	Pair Corr
0.82	UJPSX	Ultrajapan Profund	Pair Corr
0.98	ULPIX	Ultrabull Profund	Pair Corr
0.87	ULPSX	Ultrabull Profund	Pair Corr
0.71	OEPSX	Oil Equipment Services Steady Growth	Pair Corr
0.71	OEPIX	Oil Equipment Services Steady Growth	Pair Corr

Moving against Large-cap Mutual Fund

0.98	BRPIX	Bear Profund Bear	Pair Corr
0.98	BRPSX	Bear Profund Bear	Pair Corr
0.8	UKPSX	Ultrashort Japan Profund	Pair Corr
0.8	UKPIX	Ultrashort Japan Profund	Pair Corr
0.48	RRPSX	Rising Rates Opportunity	Pair Corr
0.48	FDPSX	Falling Dollar Profund	Pair Corr
0.46	FDPIX	Falling Dollar Profund	Pair Corr
0.45	RRPIX	Rising Rates Opportunity	Pair Corr

Related Correlations Analysis

	NADCX	SMPSX	TROZX	LMUSX	TAAJX
NADCX		0.84	0.88	0.87	0.98	NADCX
SMPSX	0.84		0.68	0.76	0.81	SMPSX
TROZX	0.88	0.68		0.8	0.82	TROZX
LMUSX	0.87	0.76	0.8		0.86	LMUSX
TAAJX	0.98	0.81	0.82	0.86		TAAJX
	NADCX	SMPSX	TROZX	LMUSX	TAAJX

Risk-Adjusted Indicators

There is a big difference between Large-cap Mutual Fund performing well and Large-cap Growth 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-cap Growth'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
NADCX	0.25	0.03	(0.10)	0.43	0.20	(0.29)	0.51	(0.50)	1.38
SMPSX	2.31	0.31	0.08	1.89	2.94	(2.38)	6.53	(5.47)	14.78
TROZX	0.55	0.07	0.01	0.71	0.62	(0.58)	1.16	(1.04)	3.09
LMUSX	0.56	0.03	0.03	0.11	0.76	(0.52)	1.25	(1.38)	3.59
TAAJX	0.26	0.03	(0.10)	0.39	0.23	(0.30)	0.53	(0.52)	1.57

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