Large Capitalization Correlations

Mutual Funds . USA . 
Fund . Large Capitalization Growth
SLGCX Fund  USD 5.65  0.05  0.89%   
The current 90-days correlation between Large Capitalization and Nuveen Large Cap is 0.9 (i.e., Almost no 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

Very good diversification

The correlation between Large Capitalization Growth and DJI is -0.33 (i.e., Very good 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 main economic indicators.

Moving together with Large Mutual Fund

  1.0SABIX Aggressive BalancedPairCorr
  0.99SAMAX Moderately AggressivePairCorr
  0.99SAMIX Moderately AggressivePairCorr
  0.64SSCPX Small CapitalizationPairCorr
  0.99SSCYX Small CapitalizationPairCorr
  0.97SBCCX Moderately ConservativePairCorr
  0.62SBHIX Health BiotchnologyPairCorr
  0.86SBMBX Energy Basic MaterialsPairCorr
  0.66SBMCX Moderate BalancedPairCorr
  0.86SEPIX Energy Basic MaterialsPairCorr
  0.61SFPCX Financial ServicesPairCorr
  0.65SFPIX Financial ServicesPairCorr
  0.61SIEYX International EquityPairCorr
  0.65SIECX International EquityPairCorr
  0.69SIEPX International EquityPairCorr
  0.69SLCVX Large Cap ValuePairCorr
  0.65SLGYX Large CapitalizationPairCorr
  0.69SLVCX Large Cap ValuePairCorr
  0.61SMBCX Municipal Bond PortfolioPairCorr
  0.65SMACX Moderately ServativePairCorr
  0.9SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis

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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.

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