Small Capitalization Correlations

Mutual Funds . USA . 
Fund . Small Capitalization Portfolio
SSCCX Fund  USD 0.40  0.01  2.56%   
The current 90-days correlation between Small Capitalization and Quantitative Longshort Equity is 0.2 (i.e., Modest diversification). The correlation of Small 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.

Small Capitalization Correlation With Market

Good diversification

The correlation between Small Capitalization Portfolio and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Capitalization Portfolio 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 Small Capitalization Portfolio. 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 services.

Moving together with Small Mutual Fund

  0.92SABAX Salient Alternative BetaPairCorr
  0.92SABIX Aggressive BalancedPairCorr
  0.92SABCX Salient Alternative BetaPairCorr
  0.91SAMAX Moderately AggressivePairCorr
  0.91SAMCX Salient Mlp FundPairCorr
  0.91SAMIX Moderately AggressivePairCorr
  0.95SSCPX Small CapitalizationPairCorr
  0.98SSCYX Small CapitalizationPairCorr
  0.9SBCCX Moderately ConservativePairCorr
  0.68SBMBX Energy Basic MaterialsPairCorr
  0.87SBMCX Moderate BalancedPairCorr
  0.88SBMIX Moderate BalancedPairCorr
  0.81STPAX Technology CommunicationsPairCorr
  0.78STPCX Technology CommunicationsPairCorr
  0.81STPIX Technology CommunicationsPairCorr
  0.89SCAAX Conservative BalancedPairCorr
  0.89SUMCX Conservative BalancedPairCorr
  0.7SEPIX Energy Basic MaterialsPairCorr
  0.68SEPCX Energy Basic MaterialsPairCorr
  0.86SFPCX Financial ServicesPairCorr
  0.89SFPAX Financial ServicesPairCorr
  0.84SFPIX Financial ServicesPairCorr
  0.75SIBPX Investment Quality BondPairCorr
  0.85SIEYX International EquityPairCorr
  0.81SIECX International EquityPairCorr
  0.86SIEPX International EquityPairCorr
  0.83SLCGX Large CapitalizationPairCorr
  0.78SLCVX Large Cap ValuePairCorr
  0.83SLGCX Large CapitalizationPairCorr
  0.86SLGYX Large CapitalizationPairCorr
  0.77SLVCX Large Cap ValuePairCorr
  0.81SLVYX Large Cap ValuePairCorr
  0.72SMBCX Municipal Bond PortfolioPairCorr
  0.76SMBAX Municipal Bond PortfolioPairCorr
  0.91SMACX Moderately ConservativePairCorr
  0.79SMBPX Municipal Bond PortfolioPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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