Small-midcap Dividend Correlations
PMDIX Fund | USD 18.17 0.03 0.16% |
The current 90-days correlation between Small Midcap Dividend and The Hartford Municipal is 0.2 (i.e., Modest diversification). The correlation of Small-midcap Dividend 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-midcap Dividend Correlation With Market
Very poor diversification
The correlation between Small Midcap Dividend Income and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Midcap Dividend Income and DJI in the same portfolio, assuming nothing else is changed.
Small-midcap |
Moving together with Small-midcap Mutual Fund
0.69 | SABPX | Strategic Asset Mana | PairCorr |
0.81 | SACAX | Strategic Asset Mana | PairCorr |
0.78 | SAGPX | Strategic Asset Mana | PairCorr |
0.74 | PFLJX | Principal Lifetime 2050 | PairCorr |
0.9 | PFPPX | Midcap Growth | PairCorr |
0.94 | PGBEX | Blue Chip Fund | PairCorr |
0.94 | PGBGX | Blue Chip Fund | PairCorr |
0.94 | PGBHX | Blue Chip Fund | PairCorr |
0.89 | PGRTX | Smallcap Growth | PairCorr |
0.9 | PGWIX | Midcap Growth | PairCorr |
0.71 | SCBPX | Strategic Asset Mana | PairCorr |
0.78 | SCGPX | Strategic Asset Mana | PairCorr |
0.75 | PHJEX | Principal Lifetime Hybrid | PairCorr |
0.82 | PHJGX | Principal Lifetime Hybrid | PairCorr |
0.81 | PHJBX | Principal Lifetime Hybrid | PairCorr |
0.81 | PHJDX | Principal Lifetime Hybrid | PairCorr |
0.62 | PHJNX | Principal Lifetime Hybrid | PairCorr |
Moving against Small-midcap Mutual Fund
0.38 | PGBAX | Global Diversified Income | PairCorr |
0.36 | PFIEX | International Equity | PairCorr |
0.36 | PFISX | International Small Pany | PairCorr |
0.32 | PGBLX | Global Diversified Income | PairCorr |
0.31 | PFUMX | Finisterre Unconstrained | PairCorr |
0.76 | PYHIX | High Yield Fund | PairCorr |
0.48 | STCCX | Short Term Income | PairCorr |
0.47 | PGSLX | Principal Global Sus | PairCorr |
0.31 | PGDIX | Global Diversified Income | PairCorr |
Related Correlations Analysis
0.97 | 0.98 | 0.76 | 0.98 | HHMYX | ||
0.97 | 0.98 | 0.7 | 0.95 | SNCAX | ||
0.98 | 0.98 | 0.78 | 0.98 | BMBSX | ||
0.76 | 0.7 | 0.78 | 0.85 | FCSCX | ||
0.98 | 0.95 | 0.98 | 0.85 | LTXFX | ||
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Risk-Adjusted Indicators
There is a big difference between Small-midcap Mutual Fund performing well and Small-midcap Dividend 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-midcap Dividend'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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
HHMYX | 0.14 | (0.01) | 0.00 | (0.61) | 0.00 | 0.36 | 0.84 | |||
SNCAX | 0.13 | (0.01) | 0.00 | (0.54) | 0.00 | 0.29 | 0.73 | |||
BMBSX | 0.11 | (0.01) | 0.00 | (0.53) | 0.00 | 0.18 | 0.71 | |||
FCSCX | 0.06 | 0.01 | 0.10 | 0.90 | 0.00 | 0.13 | 0.66 | |||
LTXFX | 0.10 | (0.01) | (0.02) | (0.54) | 0.13 | 0.26 | 0.65 |