Small Cap Correlations

Small Cap Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Small Cap Value Series. 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.

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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    ELMCX + 1.0 ELMFX LFVAX + 1.0 LFSFX LFROX + 1.0 LFRAX LFRIX + 1.0 LFRFX LFRFX + 0.99 LFRAX LFRIX + 0.99 LFRAX

High negative correlations    LFRRX - 0.78 ELMCX LFRFX - 0.78 ELMCX LFRAX - 0.78 ELMCX LFROX - 0.77 ELMCX LFRIX - 0.76 ELMCX LFRRX - 0.76 ELMFX

Risk-Adjusted Indicators

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