Large Cap Correlations

Mutual Funds . USA . 
Fund . Large Cap Value
SLVCX Fund  USD 16.24  0.10  0.61%   
The current 90-days correlation between Large Cap Value and Massmutual Premier Diversified is 0.23 (i.e., Modest diversification). The correlation of Large Cap 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.

Large Cap Correlation With Market

Poor diversification

The correlation between Large Cap Value and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Value 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 Large Cap Value. 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 Large Mutual Fund

  0.96SABAX Salient Alternative BetaPairCorr
  0.96SABIX Aggressive BalancedPairCorr
  0.96SABCX Salient Alternative BetaPairCorr
  0.96SAMAX Moderately AggressivePairCorr
  0.95SAMCX Salient Mlp FundPairCorr
  0.96SAMIX Moderately AggressivePairCorr
  0.74SSCCX Small CapitalizationPairCorr
  0.75SSCPX Small CapitalizationPairCorr
  0.75SSCYX Small CapitalizationPairCorr
  0.86SBCCX Moderately ConservativePairCorr
  0.95SBMCX Moderate BalancedPairCorr
  0.96SBMIX Moderate BalancedPairCorr
  0.89STPAX Technology CommunicationsPairCorr
  0.89STPCX Technology CommunicationsPairCorr
  0.83STPIX Technology CommunicationsPairCorr
  0.95SCAAX Conservative BalancedPairCorr
  0.85SUMCX Conservative BalancedPairCorr
  0.91SFPCX Financial ServicesPairCorr
  0.93SFPAX Financial ServicesPairCorr
  0.85SFPIX Financial ServicesPairCorr
  0.89SLCGX Large CapitalizationPairCorr
  1.0SLCVX Large Cap ValuePairCorr
  0.83SLGCX Large CapitalizationPairCorr
  0.89SLGYX Large CapitalizationPairCorr
  1.0SLVYX Large Cap ValuePairCorr
  0.96SMACX Moderately ConservativePairCorr

Moving against Large Mutual Fund

  0.35SIBPX Investment Quality BondPairCorr
  0.35SQBAX Investment Quality BondPairCorr
  0.35SQBCX Investment Quality BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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