Mid Capitalization Correlations

SPMCX Fund

USD 10.41 0.07 0.68%

The current 90-days correlation between Mid Capitalization and Mid Cap Value is 0.79 (i.e., Poor diversification). The correlation of Mid Capitalization 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.

Mid Capitalization Correlation With Market

Significant diversification

The correlation between Mid Capitalization Portfolio and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mid Capitalization Portfolio 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 Mid Capitalization Portfolio. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mid Mutual Fund

0.99	VIMAX	Vanguard Mid Cap	Pair Corr
0.99	VIMSX	Vanguard Mid Cap	Pair Corr
0.99	VMCPX	Vanguard Mid Cap	Pair Corr
0.99	VMCIX	Vanguard Mid Cap	Pair Corr
0.99	VEXAX	Vanguard Extended Market	Pair Corr
0.99	VEMPX	Vanguard Extended Market	Pair Corr
0.99	VIEIX	Vanguard Extended Market	Pair Corr
0.99	VSEMX	Vanguard Extended Market	Pair Corr
0.99	VEXMX	Vanguard Extended Market	Pair Corr
0.99	FSMAX	Fidelity Extended Market	Pair Corr
0.72	SMPSX	Semiconductor Ultrasector	Pair Corr
0.73	SMPIX	Semiconductor Ultrasector	Pair Corr
0.95	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.86	RSNYX	Victory Global Natural	Pair Corr
0.95	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.86	RSNRX	Victory Global Natural	Pair Corr
0.95	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.95	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.86	RGNCX	Victory Global Natural	Pair Corr
0.95	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.8	BAC	Bank of America Aggressive Push	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.66	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.84	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.8	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.63	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Mid Mutual Fund

0.75	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.45	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	AMDVX	VMIDX	XMDYX	VMSGX	TEGIX	TEGYX	AMVYX	AMVRX	AMVGX
AMDVX		0.93	0.93	0.91	0.9	0.9	1.0	1.0	1.0	AMDVX
VMIDX	0.93		1.0	0.99	0.98	0.98	0.93	0.92	0.93	VMIDX
XMDYX	0.93	1.0		0.98	0.97	0.97	0.93	0.92	0.93	XMDYX
VMSGX	0.91	0.99	0.98		0.99	0.99	0.91	0.9	0.91	VMSGX
TEGIX	0.9	0.98	0.97	0.99		1.0	0.9	0.89	0.89	TEGIX
TEGYX	0.9	0.98	0.97	0.99	1.0		0.9	0.89	0.89	TEGYX
AMVYX	1.0	0.93	0.93	0.91	0.9	0.9		1.0	1.0	AMVYX
AMVRX	1.0	0.92	0.92	0.9	0.89	0.89	1.0		1.0	AMVRX
AMVGX	1.0	0.93	0.93	0.91	0.89	0.89	1.0	1.0		AMVGX
	AMDVX	VMIDX	XMDYX	VMSGX	TEGIX	TEGYX	AMVYX	AMVRX	AMVGX

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Risk-Adjusted Indicators

There is a big difference between Mid Mutual Fund performing well and Mid Capitalization 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 Mid Capitalization'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
AMDVX	0.52	0.07	(0.10)	(7.33)	0.42	(0.63)	0.89	(0.82)	3.22
VMIDX	0.68	0.16	0.06	1.64	0.41	(0.76)	1.67	(1.07)	5.20
XMDYX	0.68	0.15	0.05	1.70	0.42	(0.78)	1.66	(1.06)	5.18
VMSGX	0.67	0.20	0.12	1.95	0.44	(0.79)	1.60	(1.05)	4.39
TEGIX	0.75	0.27	0.19	2.10	0.37	(0.91)	1.99	(1.14)	4.78
TEGYX	0.75	0.26	0.19	2.10	0.37	(0.91)	2.00	(1.13)	4.77
AMVYX	0.52	0.07	(0.10)	(6.52)	0.42	(0.63)	0.89	(0.88)	3.22
AMVRX	0.52	0.07	(0.10)	(5.42)	0.42	(0.65)	0.89	(0.83)	3.25
AMVGX	0.52	0.07	(0.10)	(5.55)	0.43	(0.65)	0.89	(0.88)	3.22

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