Large Capitalization Correlations

SLCGX Fund

USD 31.42 0.12 0.38%

The current 90-days correlation between Large Capitalization and Columbia Acorn European is 0.14 (i.e., Average 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

Modest diversification

The correlation between Large Capitalization Growth and DJI is 0.25 (i.e., Modest 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 price.

Moving together with Large Mutual Fund

0.78	SABAX	Salient Alternative Beta	Pair Corr
0.96	SABIX	Aggressive Balanced	Pair Corr
0.79	SABCX	Salient Alternative Beta	Pair Corr
0.92	SAMAX	Moderately Aggressive	Pair Corr
0.78	SAMCX	Salient Mlp Fund	Pair Corr
0.85	SAMIX	Moderately Aggressive	Pair Corr
0.83	SSCCX	Saratoga Small Capit	Pair Corr
0.84	SSCPX	Small Capitalization	Pair Corr
0.83	SSCYX	Small Capitalization	Pair Corr
0.78	SBCCX	Moderately Servative	Pair Corr
0.62	SBHIX	Health Biotchnology	Pair Corr
0.96	SBMCX	Moderate Balanced	Pair Corr
0.92	SBMIX	Moderate Balanced	Pair Corr
1.0	STPAX	Technology Munications	Pair Corr
0.99	STPCX	Technology Munications	Pair Corr
1.0	STPIX	Technology Munications	Pair Corr
0.92	SCAAX	Conservative Balanced	Pair Corr
0.92	SUMCX	Conservative Balanced	Pair Corr
0.63	SHPAX	Health Biotchnology	Pair Corr
0.73	SHPCX	Health Biotchnology	Pair Corr
0.61	SIECX	International Equity	Pair Corr
0.64	SIEPX	International Equity	Pair Corr
0.98	SLCVX	Large Cap Value	Pair Corr
0.95	SLGYX	Large Capitalization	Pair Corr
0.98	SLVCX	Large Cap Value	Pair Corr
0.94	SLVYX	Large Cap Value	Pair Corr
0.96	SMACX	Moderately Servative	Pair Corr

Moving against Large Mutual Fund

0.86	SFPIX	Financial Services	Pair Corr
0.38	SFPCX	Financial Services	Pair Corr
0.95	SPMCX	Mid Capitalization	Pair Corr
0.91	SLGCX	Large Capitalization	Pair Corr
0.53	GFACX	Growth Fund	Pair Corr
0.5	CGFFX	Growth Fund	Pair Corr
0.49	GFAFX	Growth Fund	Pair Corr
0.47	CGFEX	Growth Fund	Pair Corr
0.46	CGFAX	Growth Fund	Pair Corr
0.44	AGTHX	Growth Fund	Pair Corr
0.39	CGFCX	Growth Fund	Pair Corr
0.37	FAFGX	American Funds	Pair Corr

Related Correlations Analysis

	CAEAX	LZFOX	IMAY	DLEUX	HICSX	LCAOX	LEOOX	ARCX	LZESX	TFSCX
CAEAX		0.77	-0.51	-0.39	0.01	0.81	-0.71	0.51	0.16	-0.17	CAEAX
LZFOX	0.77		-0.45	-0.42	0.09	0.71	-0.83	0.8	0.31	0.0	LZFOX
IMAY	-0.51	-0.45		0.82	0.56	-0.42	0.64	-0.35	0.53	0.64	IMAY
DLEUX	-0.39	-0.42	0.82		0.34	-0.21	0.64	-0.52	0.31	0.35	DLEUX
HICSX	0.01	0.09	0.56	0.34		0.02	0.19	0.2	0.45	0.37	HICSX
LCAOX	0.81	0.71	-0.42	-0.21	0.02		-0.47	0.27	0.21	-0.31	LCAOX
LEOOX	-0.71	-0.83	0.64	0.64	0.19	-0.47		-0.78	0.01	0.11	LEOOX
ARCX	0.51	0.8	-0.35	-0.52	0.2	0.27	-0.78		0.27	0.17	ARCX
LZESX	0.16	0.31	0.53	0.31	0.45	0.21	0.01	0.27		0.79	LZESX
TFSCX	-0.17	0.0	0.64	0.35	0.37	-0.31	0.11	0.17	0.79		TFSCX
	CAEAX	LZFOX	IMAY	DLEUX	HICSX	LCAOX	LEOOX	ARCX	LZESX	TFSCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DLEUX	+ 0.82	IMAY
LCAOX	+ 0.81	CAEAX
ARCX	+ 0.8	LZFOX
TFSCX	+ 0.79	LZESX
LZFOX	+ 0.77	CAEAX
LCAOX	+ 0.71	LZFOX

High negative correlations

LEOOX	- 0.83	LZFOX
ARCX	- 0.78	LEOOX
LEOOX	- 0.71	CAEAX
ARCX	- 0.52	DLEUX
IMAY	- 0.51	CAEAX
LEOOX	- 0.47	LCAOX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CAEAX	0.93	(0.35)	0.00	(0.30)	0.00	0.00	1.06	(1.15)	19.88
LZFOX	0.87	(0.35)	0.00	(0.55)	0.00	0.00	1.13	(1.49)	14.91
IMAY	0.30	0.03	(0.10)	0.46	0.36	(0.29)	0.62	(0.62)	1.47
DLEUX	0.52	0.06	0.01	0.32	0.49	(0.62)	1.32	(0.89)	3.69
HICSX	0.76	(0.04)	(0.04)	0.03	1.01	(0.77)	1.20	(1.64)	4.57
LCAOX	0.68	(0.21)	0.00	(0.30)	0.00	0.00	0.98	(1.17)	12.57
LEOOX	0.10	0.03	(0.32)	2.11	0.00	(0.14)	0.21	(0.11)	0.53
ARCX	7.99	(1.10)	0.00	(0.09)	0.00	0.00	14.74	(16.48)	53.82
LZESX	0.54	(0.07)	0.00	(0.03)	0.00	0.00	0.96	(1.24)	3.03
TFSCX	0.53	(0.04)	(0.08)	0.02	0.70	(0.55)	0.92	(0.99)	2.70

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