Small Company Correlations

WSMGX Fund

USD 23.33 0.15 0.65%

The current 90-days correlation between Small Pany Growth and Small Pany Growth is 1.0 (i.e., No risk reduction). The correlation of Small Company 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 Company Correlation With Market

Poor diversification

The correlation between Small Pany Growth and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Pany Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Small Pany 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 Small Mutual Fund

0.64	WSMVX	Small Pany Value	Pair Corr
0.89	WFIVX	Wilshire 5000 Index	Pair Corr
0.65	WIORX	Wilshire Income Opport	Pair Corr
0.65	WINDX	Wilshire 5000 Index	Pair Corr
0.71	WLCGX	Large Pany Growth	Pair Corr
0.79	WLCTX	Wilshire International	Pair Corr
0.71	DTLGX	Wilshire Large	Pair Corr
0.79	DTLVX	Large Pany Value	Pair Corr
0.64	DTSVX	Small Pany Value	Pair Corr
1.0	DTSGX	Small Pany Growth	Pair Corr
0.96	VSGAX	Vanguard Small Cap	Pair Corr
0.96	VSGIX	Vanguard Small Cap	Pair Corr
0.96	VISGX	Vanguard Small Cap	Pair Corr
0.94	VEXPX	Vanguard Explorer	Pair Corr
0.94	VEXRX	Vanguard Explorer	Pair Corr
0.63	JGMIX	Janus Triton	Pair Corr
0.63	JGMRX	Janus Triton	Pair Corr
0.62	JGMCX	Janus Triton	Pair Corr
0.64	JGMNX	Janus Triton	Pair Corr
0.68	VSTSX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VITSX	Vanguard Total Stock	Pair Corr
0.64	VFFSX	Vanguard 500 Index	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VTSNX	Vanguard Total Inter	Pair Corr
0.63	VTISX	Vanguard Total Inter	Pair Corr
0.75	VTPSX	Vanguard Total Inter	Pair Corr
0.84	VINIX	Vanguard Institutional	Pair Corr
0.73	VWENX	Vanguard Wellington	Pair Corr
0.66	APHGX	Artisan Global Value	Pair Corr

Related Correlations Analysis

	DTSGX	WSMVX	DTSVX	RHJSX	LCAOX	GABBX	IMAY	ARCX	HICSX	HTECX
DTSGX		0.64	0.64	-0.28	0.58	0.22	0.74	-0.07	0.91	0.59	DTSGX
WSMVX	0.64		1.0	-0.62	0.77	0.14	0.89	-0.45	0.59	0.9	WSMVX
DTSVX	0.64	1.0		-0.61	0.78	0.12	0.9	-0.44	0.59	0.9	DTSVX
RHJSX	-0.28	-0.62	-0.61		-0.43	-0.15	-0.49	0.77	-0.11	-0.56	RHJSX
LCAOX	0.58	0.77	0.78	-0.43		-0.23	0.86	-0.35	0.64	0.71	LCAOX
GABBX	0.22	0.14	0.12	-0.15	-0.23		-0.01	-0.09	0.05	0.14	GABBX
IMAY	0.74	0.89	0.9	-0.49	0.86	-0.01		-0.41	0.74	0.84	IMAY
ARCX	-0.07	-0.45	-0.44	0.77	-0.35	-0.09	-0.41		0.02	-0.36	ARCX
HICSX	0.91	0.59	0.59	-0.11	0.64	0.05	0.74	0.02		0.59	HICSX
HTECX	0.59	0.9	0.9	-0.56	0.71	0.14	0.84	-0.36	0.59		HTECX
	DTSGX	WSMVX	DTSVX	RHJSX	LCAOX	GABBX	IMAY	ARCX	HICSX	HTECX

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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

DTSVX	+ 1.0	WSMVX
HICSX	+ 0.91	DTSGX
HTECX	+ 0.9	WSMVX
IMAY	+ 0.9	DTSVX
HTECX	+ 0.9	DTSVX
IMAY	+ 0.89	WSMVX

High negative correlations

RHJSX	- 0.62	WSMVX
RHJSX	- 0.61	DTSVX
HTECX	- 0.56	RHJSX
IMAY	- 0.49	RHJSX
ARCX	- 0.45	WSMVX
ARCX	- 0.44	DTSVX

Risk-Adjusted Indicators

There is a big difference between Small Mutual Fund performing well and Small Company 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 Company'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
DTSGX	1.09	(0.02)	0.01	0.07	1.30	(1.07)	2.17	(1.87)	6.09
WSMVX	1.06	0.14	0.18	0.17	0.81	(1.32)	2.03	(1.82)	13.49
DTSVX	1.06	0.15	0.19	0.18	0.77	(1.42)	2.06	(1.81)	13.47
RHJSX	2.19	(1.00)	0.00	(0.45)	0.00	0.00	1.79	(2.06)	66.38
LCAOX	0.71	0.19	0.23	0.34	0.21	(0.98)	1.06	(1.13)	15.50
GABBX	0.81	(0.15)	0.00	(0.05)	0.00	0.00	1.40	(1.38)	13.46
IMAY	0.29	0.01	(0.10)	0.11	0.32	(0.30)	0.62	(0.62)	1.47
ARCX	7.26	(1.38)	0.00	(0.71)	0.00	0.00	13.56	(16.48)	31.47
HICSX	0.80	(0.01)	(0.01)	0.08	0.97	(0.86)	1.80	(1.66)	4.61
HTECX	1.40	0.37	0.21	2.92	1.01	(1.70)	1.85	(2.12)	28.96

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