Small Cap Correlations

SLPSX Fund

USD 96.86 0.71 0.73%

The current 90-days correlation between Small Cap Profund and Eic Value Fund is 0.11 (i.e., Average 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Small Cap Profund Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Small Mutual Fund

0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.95	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSCPX	Vanguard Small Cap	Pair Corr
0.95	NAESX	Vanguard Small Cap	Pair Corr
0.99	FSSNX	Fidelity Small Cap	Pair Corr
0.9	DFSTX	Us Small Cap Potential Growth	Pair Corr
0.88	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.87	FTHNX	Fuller Thaler Behavioral Potential Growth	Pair Corr
0.64	CIF	Mfs Intermediate High	Pair Corr
0.64	WMT	Walmart Common Stock	Pair Corr

Moving against Small Mutual Fund

0.42	XNBHX	Neuberger Berman Int	Pair Corr
0.35	XDSMX	Dreyfus Strategic	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	EICVX	BOSVX	FZABX	CIPMX	SMPIX	PATFX	PRSVX	USCAX
EICVX		0.91	0.73	0.7	0.37	0.13	0.82	0.91	EICVX
BOSVX	0.91		0.81	0.9	0.5	0.2	0.85	0.96	BOSVX
FZABX	0.73	0.81		0.76	0.36	-0.14	0.94	0.84	FZABX
CIPMX	0.7	0.9	0.76		0.55	0.08	0.72	0.84	CIPMX
SMPIX	0.37	0.5	0.36	0.55		0.27	0.31	0.47	SMPIX
PATFX	0.13	0.2	-0.14	0.08	0.27		-0.08	0.11	PATFX
PRSVX	0.82	0.85	0.94	0.72	0.31	-0.08		0.87	PRSVX
USCAX	0.91	0.96	0.84	0.84	0.47	0.11	0.87		USCAX
	EICVX	BOSVX	FZABX	CIPMX	SMPIX	PATFX	PRSVX	USCAX

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

USCAX	+ 0.96	BOSVX
PRSVX	+ 0.94	FZABX
BOSVX	+ 0.91	EICVX
USCAX	+ 0.91	EICVX
CIPMX	+ 0.9	BOSVX
USCAX	+ 0.87	PRSVX

High negative correlations

PATFX	- 0.14	FZABX
PRSVX	- 0.08	PATFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EICVX	0.66	0.09	0.13	0.15	0.45	(0.82)	1.36	(0.87)	8.80
BOSVX	0.96	0.15	0.14	0.19	0.83	(1.15)	2.20	(1.44)	8.57
FZABX	0.81	0.22	0.22	0.37	0.59	(0.98)	1.39	(1.42)	13.58
CIPMX	1.00	0.31	0.33	0.83	0.41	(1.32)	1.35	(1.22)	22.31
SMPIX	2.72	0.33	0.11	0.19	3.35	(2.86)	6.54	(5.70)	24.53
PATFX	0.09	0.02	(0.23)	(1.35)	0.00	(0.13)	0.27	(0.18)	0.72
PRSVX	0.98	0.19	0.14	0.52	0.83	(1.13)	1.80	(1.84)	13.81
USCAX	0.91	0.09	0.08	0.13	1.06	(0.99)	2.03	(1.93)	6.83

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