Small Company Correlations

DTSGX Fund

USD 16.41 0.22 1.36%

The current 90-days correlation between Small Pany Growth and Small Pany Value is 0.74 (i.e., Poor diversification). 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

Very weak diversification

The correlation between Small Pany Growth and DJI is 0.54 (i.e., Very weak 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 Investing Opportunities 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

1.0	WSMGX	Small Pany Growth	Pair Corr
0.66	WSMVX	Small Pany Value	Pair Corr
0.77	WFIVX	Wilshire 5000 Index	Pair Corr
0.72	WINDX	Wilshire 5000 Index	Pair Corr
0.71	WLCGX	Large Pany Growth	Pair Corr
0.75	WLCVX	Large Pany Value	Pair Corr
0.69	DTLGX	Wilshire Large	Pair Corr
0.85	DTSVX	Small Pany Value	Pair Corr
0.99	VSGAX	Vanguard Small Cap	Pair Corr
0.99	VSGIX	Vanguard Small Cap	Pair Corr
0.99	VISGX	Vanguard Small Cap Potential Growth	Pair Corr
0.83	VEXRX	Vanguard Explorer	Pair Corr
0.84	JGMIX	Janus Triton	Pair Corr
0.84	JGMRX	Janus Triton	Pair Corr
0.82	JGMCX	Janus Triton	Pair Corr
0.86	JGMNX	Janus Triton	Pair Corr
0.77	JHBCX	Jhancock Blue Chip	Pair Corr

Moving against Small Mutual Fund

0.44

CSAIX

Credit Suisse Managed

Pair Corr

Related Correlations Analysis

	DTSVX	DTLVX	DTLGX	WSMGX	WFIVX
DTSVX		0.75	0.83	0.85	0.59	DTSVX
DTLVX	0.75		0.9	0.56	0.53	DTLVX
DTLGX	0.83	0.9		0.69	0.5	DTLGX
WSMGX	0.85	0.56	0.69		0.77	WSMGX
WFIVX	0.59	0.53	0.5	0.77		WFIVX
	DTSVX	DTLVX	DTLGX	WSMGX	WFIVX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DTSVX	0.90	(0.28)	(0.36)	1.46	(2.09)	8.38
DTLVX	0.62	(0.15)	(0.38)	0.95	(1.44)	6.91
DTLGX	1.20	(0.23)	(0.31)	1.77	(2.83)	13.92
WSMGX	0.92	(0.18)	(0.23)	1.38	(1.74)	5.91
WFIVX	0.66	(0.03)	(0.07)	1.07	(1.52)	3.94

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