Small-cap Growth Correlations

SGPIX Fund

USD 104.62 2.47 2.31%

The current 90-days correlation between Small Cap Growth and Small Cap Value Profund is 0.91 (i.e., Almost no diversification). The correlation of Small-cap Growth 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-cap Growth Correlation With Market

Poor diversification

The correlation between Small Cap Growth Profund and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small Cap Growth Profund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Small Cap Growth Profund. 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 gross domestic product.

Moving together with Small-cap Mutual Fund

0.77	TEPIX	Technology Ultrasector	Pair Corr
0.61	GVPIX	Us Government Plus Steady Growth	Pair Corr
0.67	REPIX	Real Estate Ultrasector Steady Growth	Pair Corr
0.86	BIPIX	Biotechnology Ultrasector	Pair Corr
0.95	UAPIX	Ultrasmall Cap Profund	Pair Corr
0.99	SLPIX	Small Cap Profund	Pair Corr
0.95	VSMAX	Vanguard Small Cap	Pair Corr
0.95	VSCIX	Vanguard Small Cap	Pair Corr
0.95	VSCPX	Vanguard Small Cap	Pair Corr
0.95	NAESX	Vanguard Small Cap	Pair Corr
0.98	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.93	PASVX	T Rowe Price	Pair Corr
0.93	PRVIX	T Rowe Price	Pair Corr
0.93	TRZVX	T Rowe Price	Pair Corr
0.93	PRSVX	T Rowe Price	Pair Corr

Moving against Small-cap Mutual Fund

0.64	SRPIX	Short Real Estate	Pair Corr
0.47	SNPIX	Short Oil Gas Steady Growth	Pair Corr
0.73	PYLMX	Payden Limited Maturity	Pair Corr
0.62	GAAKX	Gmo Alternative Allo	Pair Corr
0.6	GAAGX	Gmo Alternative Allo	Pair Corr
0.51	JGIAX	Jpmorgan Income	Pair Corr
0.48	MFIRX	Ms Global Fixed	Pair Corr
0.44	RFXCX	Rational Special Sit	Pair Corr
0.41	BDKAX	Braddock Multi Strategy	Pair Corr

Related Correlations Analysis

	SVPIX	MGPIX	MLPIX	SLPIX	MDPIX
SVPIX		0.94	0.86	0.98	0.91	SVPIX
MGPIX	0.94		0.93	0.94	0.98	MGPIX
MLPIX	0.86	0.93		0.88	0.98	MLPIX
SLPIX	0.98	0.94	0.88		0.92	SLPIX
MDPIX	0.91	0.98	0.98	0.92		MDPIX
	SVPIX	MGPIX	MLPIX	SLPIX	MDPIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Small-cap Mutual Fund performing well and Small-cap Growth 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 Growth'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
SVPIX	0.81	(0.14)	(0.23)	1.38	(2.05)	6.09
MGPIX	0.76	(0.15)	1.14	1.42	(1.92)	5.46
MLPIX	0.65	(0.08)	0.64	1.23	(1.48)	5.51
SLPIX	0.86	(0.16)	(0.24)	1.46	(2.23)	5.85
MDPIX	0.68	(0.11)	0.77	1.29	(1.27)	5.51

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