Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLVCX Fund  USD 18.32  0.10  0.54%   
The current 90-days correlation between Large Cap Value and Elfun Diversified Fund is 0.92 (i.e., Almost no diversification). The correlation of Large 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.

Large Cap Correlation With Market

Almost no diversification

The correlation between Large Cap Value and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Value 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 Cap Value. 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

  0.96SABAX Salient Alternative BetaPairCorr
  0.96SABIX Aggressive BalancedPairCorr
  1.0SABCX Salient Alternative BetaPairCorr
  0.96SAMAX Moderately AggressivePairCorr
  1.0SAMCX Salient Mlp FundPairCorr
  0.96SAMIX Moderately AggressivePairCorr
  0.94SSCCX Small CapitalizationPairCorr
  0.99SSCPX Small CapitalizationPairCorr
  0.95SSCYX Small CapitalizationPairCorr
  1.0SBCCX Moderately ConservativePairCorr
  0.66SBHIX Health BiotchnologyPairCorr
  0.66SBMBX Energy Basic MaterialsPairCorr
  0.96SBMCX Moderate BalancedPairCorr
  0.96SBMIX Moderate BalancedPairCorr
  0.98STPAX Technology CommunicationsPairCorr
  0.98STPCX Technology MunicationsPairCorr
  0.98STPIX Technology MunicationsPairCorr
  0.96SCAAX Conservative BalancedPairCorr
  0.99SUMCX Conservative BalancedPairCorr
  0.79SEPIX Energy Basic MaterialsPairCorr
  0.78SEPCX Energy Basic MaterialsPairCorr
  0.97SFPCX Financial ServicesPairCorr
  0.92SFPAX Financial ServicesPairCorr
  0.97SFPIX Financial ServicesPairCorr
  0.65SHPAX Health BiotchnologyPairCorr
  0.63SHPCX Health BiotchnologyPairCorr
  0.94SIEYX International EquityPairCorr
  0.94SIECX International EquityPairCorr
  0.97SIEPX International EquityPairCorr
  0.99SLCGX Large CapitalizationPairCorr
  1.0SLCVX Large Cap ValuePairCorr
  0.96SLGCX Large CapitalizationPairCorr
  0.96SLGYX Large CapitalizationPairCorr
  0.97SLVYX Large Cap ValuePairCorr
  0.96SMACX Moderately ConservativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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