Small Capitalization Correlations

Mutual Funds . USA . 
Fund . Small Capitalization Portfolio
SSCYX Fund  USD 7.25  0.01  0.14%   
The current 90-days correlation between Small Capitalization and Dreyfus Technology Growth is 0.05 (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 0.06 (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 various price indices.

Moving together with Small Mutual Fund

  0.98VSMAX Vanguard Small CapPairCorr
  0.98VSCIX Vanguard Small CapPairCorr
  0.98VSCPX Vanguard Small CapPairCorr
  0.98NAESX Vanguard Small CapPairCorr
  0.99FSSNX Fidelity Small CapPairCorr
  0.99DFSTX Us Small CapPairCorr
  0.84PASVX T Rowe PricePairCorr
  0.99PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.94VINIX Vanguard InstitutionalPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.74BAC Bank of America Aggressive PushPairCorr
  0.71WMT Walmart Aggressive PushPairCorr
  0.71DIS Walt Disney Sell-off TrendPairCorr
  0.72AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.72CSCO Cisco Systems Sell-off TrendPairCorr

Moving against Small Mutual Fund

  0.67JNJ Johnson Johnson Sell-off TrendPairCorr
  0.64PFE Pfizer Inc Aggressive PushPairCorr
  0.6MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.38BA Boeing Fiscal Year End 29th of January 2025 PairCorr

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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