Small Cap Correlations

Mutual Funds . USA . 
Fund . Small Cap Core
SCRSX Fund  USD 11.72  0.01  0.09%   
The current 90-days correlation between Small Cap Core and Eagle Small Cap is -0.21 (i.e., Very good diversification). The correlation of Small 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.

Small Cap Correlation With Market

Almost no diversification

The correlation between Small Cap Core and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Core 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 Small Cap Core. 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 state.

Moving together with Small Mutual Fund

  0.94GCEAX Ab Global EPairCorr
  0.99GCECX Ab Global EPairCorr
  0.99GCEYX Ab Global EPairCorr
  0.9AMTAX Ab All MarketPairCorr
  0.9AMTZX Ab All MarketPairCorr
  0.95AMTOX Ab All MarketPairCorr
  0.61ANAIX Ab Global BondPairCorr
  0.93STEYX International StrategicPairCorr
  0.91STEZX International StrategicPairCorr
  0.91STESX International StrategicPairCorr
  0.91SCAVX Ab Small CapPairCorr
  0.9SCCVX Ab Small CapPairCorr
  0.93SCRYX Small Cap CorePairCorr
  1.0SCRZX Small Cap CorePairCorr
  0.91SCYVX Ab Small CapPairCorr
  0.96APGYX Ab Large CapPairCorr
  0.93APGAX Ab Large CapPairCorr
  0.96APGCX Ab Large CapPairCorr
  0.94SUTAX Ab Sustainable ThematicPairCorr
  0.94SUTCX Ab Sustainable ThematicPairCorr
  0.99SUTZX Ab Sustainable ThematicPairCorr
  0.99APWIX Ab Servative WealthPairCorr
  0.99CHCIX Ab Discovery GrowthPairCorr
  0.94CHCCX Ab Discovery GrowthPairCorr
  0.99CHCYX Ab Discovery GrowthPairCorr
  0.87CIAGX Ab Centrated InternaPairCorr
  0.87CICGX Ab Centrated InternaPairCorr
  0.87ARIIX Ab Global RealPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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