Small Capitalization Correlations

Mutual Funds USA . 
Fund . Small Capitalization Portfolio
SSCCX Fund  USD 0.35  0.01  2.78%   
The current 90-days correlation between Small Capitalization and First Eagle Gold is 0.08 (i.e., Significant diversification). The correlation of Small 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.

Small Capitalization Correlation With Market

Significant diversification

The correlation between Small Capitalization Portfolio and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Small 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 Small 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 signals in main economic indicators.

Moving together with Small Mutual Fund

  0.63SABAX Salient Alternative BetaPairCorr
  0.63SABIX Aggressive BalancedPairCorr
  0.65SABCX Salient Alternative BetaPairCorr
  0.68SAMAX Moderately AggressivePairCorr
  0.7SAMCX Salient Mlp FundPairCorr
  0.67SAMIX Moderately AggressivePairCorr
  0.94SSCPX Small CapitalizationPairCorr
  0.95SSCYX Small CapitalizationPairCorr
  0.69SBCCX Moderately ConservativePairCorr
  0.72SBHIX Health BiotchnologyPairCorr
  0.66SBMBX Energy Basic MaterialsPairCorr
  0.7SBMCX Moderate BalancedPairCorr
  0.66SBMIX Moderate BalancedPairCorr
  0.9STPAX Technology CommunicationsPairCorr
  0.94STPCX Technology CommunicationsPairCorr
  0.87STPIX Technology CommunicationsPairCorr
  0.62SCAAX Conservative BalancedPairCorr
  0.65SUMCX Conservative BalancedPairCorr
  0.65SEPIX Energy Basic MaterialsPairCorr
  0.67SEPCX Energy Basic MaterialsPairCorr
  0.78SFPCX Financial ServicesPairCorr
  0.79SFPAX Financial ServicesPairCorr
  0.8SFPIX Financial ServicesPairCorr
  0.74SHPAX Health BiotchnologyPairCorr
  0.79SHPCX Health BiotchnologyPairCorr
  0.93SLCGX Large CapitalizationPairCorr
  0.94SLCVX Large Cap ValuePairCorr
  0.95SLGCX Large CapitalizationPairCorr
  0.94SLGYX Large CapitalizationPairCorr
  0.95SLVCX Large Cap ValuePairCorr
  0.94SLVYX Large Cap ValuePairCorr
  0.7SMBCX Municipal Bond PortfolioPairCorr
  0.64SMBAX Municipal Bond PortfolioPairCorr
  0.66SMACX Moderately ConservativePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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