Mid Cap Correlations

Mutual Funds . USA . 
Fund . Mid Cap Value
AMVYX Fund  USD 15.89  0.02  0.13%   
The current 90-days correlation between Mid Cap Value and Amg River Road is 0.79 (i.e., Poor diversification). The correlation of Mid 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.

Mid Cap Correlation With Market

Poor diversification

The correlation between Mid Cap Value and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Cap Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mid 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 manufacturing.

Moving together with Mid Mutual Fund

  0.61AMGIX Income GrowthPairCorr
  0.79TWEAX Equity IncomePairCorr
  0.79TWEIX Equity IncomePairCorr
  0.77TWIEX International GrowthPairCorr
  0.75TWSAX Strategic AllocationPairCorr
  0.81TWSMX Strategic AllocationPairCorr
  0.72NPHIX High Income FundPairCorr
  0.67ANTMX Nt International SmallPairCorr
  0.79AOCIX One Choice PortfolioPairCorr
  0.86AONIX One Choice PortfolioPairCorr
  0.83AOOIX One Choice 2045PairCorr
  0.65AORVX One Choice PortfolioPairCorr
  0.82AORMX One Choice PortfolioPairCorr
  0.63BULIX Utilities Fund InvestorPairCorr
  0.9ARCRX One Choice 2030PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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