Largecap Value Correlations

Mutual Funds . USA . 
Fund . Largecap Value Fund
PLVIX Fund  USD 20.07  0.04  0.20%   
The current 90-days correlation between Largecap Value and Perkins Small Cap is 0.91 (i.e., Almost no diversification). The correlation of Largecap Value 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.

Largecap Value Correlation With Market

Very poor diversification

The correlation between Largecap Value Fund and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Largecap Value Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Largecap Value Fund. 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 Largecap Mutual Fund

  0.81VVIAX Vanguard Value IndexPairCorr
  0.77DOXGX Dodge Cox StockPairCorr
  0.69AFMFX American MutualPairCorr
  0.73FFMMX American Funds AmericanPairCorr
  0.73FFFMX American Funds AmericanPairCorr
  0.93AMRMX American MutualPairCorr
  0.69AMFFX American MutualPairCorr
  0.69AMFCX American MutualPairCorr
  0.71DODGX Dodge Stock FundPairCorr
  0.81VIVAX Vanguard Value IndexPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.76VITSX Vanguard Total StockPairCorr
  0.73VFFSX Vanguard 500 IndexPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.62VTISX Vanguard Total InterPairCorr
  0.62VTSNX Vanguard Total InterPairCorr
  0.64VTPSX Vanguard Total InterPairCorr
  0.75VINIX Vanguard InstitutionalPairCorr
  0.73VTSAX Vanguard Total StockPairCorr
  0.75FWOMX Fidelity Womens LeadPairCorr
  0.74FBANJX FbanjxPairCorr
  0.66AXP American ExpressPairCorr
  0.66BA BoeingPairCorr
  0.62CSCO Cisco SystemsPairCorr
  0.76JPM JPMorgan ChasePairCorr
  0.71CAT CaterpillarPairCorr

Moving against Largecap Mutual Fund

  0.59PG Procter GamblePairCorr
  0.49TRV The Travelers CompaniesPairCorr
  0.39KO Coca ColaPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Largecap Mutual Fund performing well and Largecap Value 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 Largecap Value'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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