Small-cap Value Correlations

SVPSX Fund

USD 92.80 0.03 0.03%

The current 90-days correlation between Small Cap Value and Ms Global Fixed is -0.03 (i.e., Good diversification). The correlation of Small-cap Value 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 Value Correlation With Market

Significant diversification

The correlation between Small Cap Value Profund 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 Cap Value 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 Value 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 state.

Moving together with Small-cap Mutual Fund

0.67	TEPIX	Technology Ultrasector	Pair Corr
0.72	TEPSX	Technology Ultrasector	Pair Corr
0.82	LGPIX	Large Cap Growth	Pair Corr
0.78	LGPSX	Profunds Large Cap	Pair Corr
0.78	OTPIX	Nasdaq 100 Profund	Pair Corr
0.82	OTPSX	Nasdaq 100 Profund	Pair Corr
0.96	MLPSX	Mid Cap Value	Pair Corr
0.96	MLPIX	Mid Cap Value	Pair Corr
0.75	ENPSX	Oil Gas Ultrasector Potential Growth	Pair Corr
0.75	ENPIX	Oil Gas Ultrasector Potential Growth	Pair Corr
0.85	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.64	PHPSX	Pharmaceuticals Ultrasector	Pair Corr
0.85	INPIX	Internet Ultrasector	Pair Corr
0.85	INPSX	Internet Ultrasector	Pair Corr
0.82	ULPIX	Ultrabull Profund	Pair Corr
0.82	ULPSX	Ultrabull Profund	Pair Corr
0.86	WCPSX	Mobile Telecommunicatio	Pair Corr
0.85	CYPSX	Consumer Services	Pair Corr
0.85	CYPIX	Consumer Services	Pair Corr
0.93	SVPIX	Small Cap Value	Pair Corr
0.65	RRPSX	Rising Rates Opportunity	Pair Corr
0.9	UMPSX	Ultramid Cap Profund Steady Growth	Pair Corr
0.9	UMPIX	Ultramid Cap Profund Steady Growth	Pair Corr
0.65	RRPIX	Rising Rates Opportunity	Pair Corr
0.78	UOPIX	Ultra Nasdaq 100	Pair Corr
0.78	UOPSX	Ultranasdaq 100 Profund	Pair Corr

Moving against Small-cap Mutual Fund

0.89	UIPIX	Ultrashort Mid Cap	Pair Corr
0.89	UIPSX	Ultrashort Mid Cap	Pair Corr
0.85	BRPIX	Bear Profund Bear	Pair Corr
0.81	BRPSX	Bear Profund Bear	Pair Corr
0.65	GVPIX	Us Government Plus	Pair Corr
0.65	GVPSX	Us Government Plus	Pair Corr
0.64	UNPIX	Ultrainternational	Pair Corr
0.92	SHPIX	Short Small Cap	Pair Corr
0.92	SHPSX	Short Small Cap	Pair Corr
0.73	FDPIX	Falling Dollar Profund	Pair Corr
0.64	UNPSX	Ultrainternational	Pair Corr

Related Correlations Analysis

	MFIRX	DSDYX	CGEOX	GSCYX	DFVEX
MFIRX		0.54	0.26	0.07	0.1	MFIRX
DSDYX	0.54		-0.38	-0.52	-0.59	DSDYX
CGEOX	0.26	-0.38		0.8	0.86	CGEOX
GSCYX	0.07	-0.52	0.8		0.98	GSCYX
DFVEX	0.1	-0.59	0.86	0.98		DFVEX
	MFIRX	DSDYX	CGEOX	GSCYX	DFVEX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DFVEX	+ 0.98	GSCYX
DFVEX	+ 0.86	CGEOX
GSCYX	+ 0.8	CGEOX
DSDYX	+ 0.54	MFIRX
CGEOX	+ 0.26	MFIRX
DFVEX	+ 0.1	MFIRX

High negative correlations

DFVEX	- 0.59	DSDYX
GSCYX	- 0.52	DSDYX
CGEOX	- 0.38	DSDYX

Risk-Adjusted Indicators

There is a big difference between Small-cap Mutual Fund performing well and Small-cap Value 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 Value'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
MFIRX	0.09	0.00	(0.51)	0.13	0.00	(0.24)	0.19	(0.19)	0.76
DSDYX	0.16	(0.01)	(0.67)	0.97	0.18	(0.18)	0.34	(0.24)	0.92
CGEOX	0.65	(0.06)	(0.08)	0.05	0.88	(0.70)	1.45	(1.59)	4.11
GSCYX	0.86	(0.03)	0.02	0.10	0.83	(1.06)	2.14	(1.37)	7.13
DFVEX	0.64	(0.02)	0.00	0.11	0.64	(0.74)	1.41	(1.06)	5.26

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