Century Small Correlations

Mutual Funds . USA . 
Fund . Century Small Cap
CSMCX Fund  USD 42.49  0.27  0.63%   
The current 90-days correlation between Century Small Cap and First Eagle Gold is 0.01 (i.e., Significant diversification). The correlation of Century Small 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.

Century Small Correlation With Market

Poor diversification

The correlation between Century Small Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Small 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 Century Small 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 main economic indicators.

Moving together with Century Mutual Fund

  0.92IMIDX Congress Mid CapPairCorr
  0.92CMIDX Congress Mid CapPairCorr
  0.96CMLIX Congress Large CapPairCorr
  0.96CAMLX Congress Large CapPairCorr
  1.0CSMVX Century Small CapPairCorr
  0.95VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.9VEXPX Vanguard ExplorerPairCorr
  0.9VEXRX Vanguard ExplorerPairCorr
  0.98JGMIX Janus TritonPairCorr
  0.98JGMRX Janus TritonPairCorr
  0.98JGMAX Janus TritonPairCorr
  0.98JGMCX Janus TritonPairCorr
  0.92JGMNX Janus TritonPairCorr
  0.95ASG Liberty All StarPairCorr
  0.86CII Blackrock EnhancedPairCorr
  0.63IFN India Closed Normal TradingPairCorr
  0.89ETV Eaton Vance TaxPairCorr
  0.85CLM Cornerstone Strategic Potential GrowthPairCorr
  0.9CRF Cornerstone StrategicPairCorr
  0.89USA Liberty All StarPairCorr
  0.76ETY Eaton Vance TaxPairCorr
  0.71NFJ Virtus Dividend InterestPairCorr

Moving against Century Mutual Fund

  0.64WUSDX Wells Fargo UltraPairCorr
  0.59CPRSX Clarion Partners RealPairCorr
  0.35COSRX Columbia OverseasPairCorr
  0.69AMUSX Us Government SecuritiesPairCorr
  0.69IFTAX Vy Templeton ForeignPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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