Conestoga Smid Correlations

Mutual Funds . USA . 
Fund . Conestoga Smid Cap
CCSMX Fund  USD 27.28  0.10  0.37%   
The current 90-days correlation between Conestoga Smid Cap and Conestoga Small Cap is 0.22 (i.e., Modest diversification). The correlation of Conestoga Smid 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.

Conestoga Smid Correlation With Market

Very poor diversification

The correlation between Conestoga Smid Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conestoga Smid Cap 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 Conestoga Smid Cap. 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 population.

Moving together with Conestoga Mutual Fund

  0.96CMCMX Conestoga Micro CapPairCorr
  0.93CMIRX Conestoga Micro CapPairCorr
  0.97CCASX Conestoga Small CapPairCorr
  1.0CCALX Conestoga Small CapPairCorr
  0.88CCMMX Conestoga Mid CapPairCorr
  0.88CCMAX Columbia Large CapPairCorr
  1.0CCSGX Conestoga Smid CapPairCorr
  0.96PAMCX T Rowe PricePairCorr
  0.92RRMGX T Rowe PricePairCorr
  0.96TRQZX T Rowe PricePairCorr
  0.92RPMGX T Rowe PricePairCorr
  0.96PRJIX T Rowe PricePairCorr
  0.98PRNHX T Rowe PricePairCorr
  0.98TRUZX T Rowe PricePairCorr
  0.98PCBIX Midcap Fund InstitutionalPairCorr
  0.95PEMGX Midcap Fund ClassPairCorr
  0.98PMBCX Midcap Fund ClassPairCorr
  0.93LSHUX Horizon Spin OffPairCorr
  0.92KMKCX Kinetics Market OppoPairCorr
  0.92KNPYX Kinetics ParadigmPairCorr
  0.92KMKAX Kinetics Market OppoPairCorr
  0.91LSHCX Horizon Spin OffPairCorr
  0.92WWNPX Kinetics ParadigmPairCorr
  0.92KNPCX Kinetics ParadigmPairCorr
  0.93KNPAX Kinetics ParadigmPairCorr
  0.91ELFNX Elfun Trusts ElfunPairCorr
  0.7ACP Aberdeen Income CreditPairCorr
  0.62AHYDX High Yield FundPairCorr
  0.75AMECX Income FundPairCorr
  0.7RGGEX American Funds GlobalPairCorr
  0.9VFINX Vanguard 500 IndexPairCorr
  0.7HIX Western Asset HighPairCorr
  0.9JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.82T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr

Moving against Conestoga Mutual Fund

  0.83PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.82JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.77KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.69MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.34BA Boeing Buyout TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Conestoga Mutual Fund performing well and Conestoga Smid 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 Conestoga Smid'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY