Large Capitalization Correlations

Mutual Funds . USA . 
Fund . Large Capitalization Growth
SLCGX Fund  USD 32.90  0.39  1.17%   
The current 90-days correlation between Large Capitalization and Salient Alternative Beta is 0.79 (i.e., Poor diversification). The correlation of Large Capitalization 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 Capitalization Correlation With Market

Poor diversification

The correlation between Large Capitalization Growth and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Capitalization Growth 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 Large Capitalization Growth. 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 rate.

Moving together with Large Mutual Fund

  0.97SABAX Salient Alternative BetaPairCorr
  0.98SABIX Aggressive BalancedPairCorr
  0.97SABCX Salient Alternative BetaPairCorr
  0.98SAMAX Moderately AggressivePairCorr
  0.98SAMCX Salient Mlp FundPairCorr
  0.98SAMIX Moderately AggressivePairCorr
  0.85SSCCX Small CapitalizationPairCorr
  0.88SSCPX Small CapitalizationPairCorr
  0.88SSCYX Small CapitalizationPairCorr
  0.69SBCCX Moderately ServativePairCorr
  0.98SBMCX Moderate BalancedPairCorr
  0.69SBMIX Moderate BalancedPairCorr
  0.8STPAX Technology CommunicationsPairCorr
  0.97STPCX Technology MunicationsPairCorr
  0.8STPIX Technology MunicationsPairCorr
  0.97SCAAX Conservative BalancedPairCorr
  0.97SUMCX Conservative BalancedPairCorr
  0.61SEPIX Energy Basic MaterialsPairCorr
  0.9SFPCX Financial ServicesPairCorr
  0.88SFPAX Financial ServicesPairCorr
  0.88SFPIX Financial ServicesPairCorr
  0.84SIEYX International EquityPairCorr
  0.84SIECX International EquityPairCorr
  0.63SIEPX International EquityPairCorr
  0.92SLCVX Large Cap ValuePairCorr
  1.0SLGCX Large CapitalizationPairCorr
  0.77SLGYX Large CapitalizationPairCorr
  0.92SLVCX Large Cap ValuePairCorr
  0.71SLVYX Large Cap ValuePairCorr
  0.65SMBCX Municipal Bond PortfolioPairCorr
  0.7SMBAX Municipal Bond PortfolioPairCorr
  0.69SMACX Moderately ConservativePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Capitalization 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 Capitalization'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABAX  0.38  0.03 (0.03) 0.15  0.11 
(0.48)
 0.91 
(0.56)
 1.98 
SABIX  0.37  0.03 (0.02) 0.16  0.08 
(0.47)
 0.90 
(0.63)
 1.96 
SABCX  0.37  0.03 (0.03) 0.16  0.13 
(0.47)
 0.91 
(0.57)
 1.88 
SAMAX  0.34  0.03 (0.04) 0.16  0.00 
(0.42)
 0.82 
(0.56)
 1.74 
SAMCX  0.33  0.03 (0.05) 0.16  0.00 
(0.41)
 0.83 
(0.49)
 1.69 
SAMIX  0.34  0.03 (0.04) 0.17  0.00 
(0.44)
 0.81 
(0.48)
 1.65 
SSCCX  0.70  0.15  0.00  1.59  0.00 
 0.00 
 2.78 
(2.70)
 5.63 
SSCPX  0.76  0.03  0.06  0.14  0.77 
(0.89)
 1.61 
(1.42)
 4.36 
SSCYX  0.75  0.03  0.06  0.14  0.71 
(0.84)
 1.57 
(1.36)
 4.37 
SBCCX  0.31  0.10 (0.09)(0.44) 0.00 
(0.40)
 0.73 
(0.52)
 1.58 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY