Large Cap Correlations

TLGUX Fund

USD 26.77 0.00 0.00%

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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Large Cap Equity. 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 employment.

Related Correlations Analysis

	QLMYIX	TFHAX	PGANX	OHSHX	RHYAX	SGYAX	MZHIX
QLMYIX		0.91	0.96	0.94	0.97	0.94	0.98	QLMYIX
TFHAX	0.91		0.86	0.85	0.89	0.89	0.89	TFHAX
PGANX	0.96	0.86		0.94	0.94	0.96	0.96	PGANX
OHSHX	0.94	0.85	0.94		0.98	0.96	0.98	OHSHX
RHYAX	0.97	0.89	0.94	0.98		0.95	0.99	RHYAX
SGYAX	0.94	0.89	0.96	0.96	0.95		0.97	SGYAX
MZHIX	0.98	0.89	0.96	0.98	0.99	0.97		MZHIX
	QLMYIX	TFHAX	PGANX	OHSHX	RHYAX	SGYAX	MZHIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QLMYIX	0.13	0.02	0.31	0.15	0.00	(0.21)	0.33	(0.33)	0.99
TFHAX	0.11	0.00	0.26	(0.23)	0.14	(0.15)	0.21	(0.21)	0.82
PGANX	0.10	0.01	0.33	0.19	0.00	(0.18)	0.23	(0.23)	0.91
OHSHX	0.13	0.01	0.26	0.03	0.13	(0.17)	0.23	(0.23)	1.02
RHYAX	0.12	0.01	0.28	0.03	0.11	(0.18)	0.31	(0.31)	1.14
SGYAX	0.16	0.02	0.30	0.09	0.10	(0.26)	0.56	(0.28)	1.57
MZHIX	0.13	0.01	0.32	0.07	0.09	(0.17)	0.25	(0.25)	0.89

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Large Cap Correlations

Related Correlations Analysis

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