Broad Cap Correlations

VBCVX Fund

USD 14.36 0.08 0.55%

The current 90-days correlation between Broad Cap Value and Nexpoint Real Estate is 0.06 (i.e., Significant diversification). The correlation of Broad 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.

Broad Cap Correlation With Market

Poor diversification

The correlation between Broad Cap Value and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broad Cap Value 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 Broad Cap Value. 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 real.

Moving together with Broad Mutual Fund

0.68	VMIDX	Mid Cap Index	Pair Corr
0.81	VMSGX	Mid Cap Strategic	Pair Corr
0.65	VAPPX	Valic Company I	Pair Corr
0.75	VSRDX	Valic Company I	Pair Corr
0.79	VSTIX	Stock Index Fund	Pair Corr
0.81	VSSVX	Small Cap Special	Pair Corr
0.85	VCAAX	Asset Allocation	Pair Corr
0.8	VCBCX	Blue Chip Growth	Pair Corr
0.91	VCGAX	Growth Income	Pair Corr
0.91	VCIGX	Valic Company I	Pair Corr
0.84	VCNIX	Nasdaq 100 Index	Pair Corr
0.84	VCSTX	Science Technology	Pair Corr
0.79	VCSLX	Small Cap Index	Pair Corr
0.7	VCULX	Growth Fund Growth	Pair Corr
0.95	VDAFX	Dynamic Allocation	Pair Corr
0.72	VVMCX	Valic Company I	Pair Corr
0.84	VVSGX	Valic Company I	Pair Corr
0.85	VVSCX	Valic Company I	Pair Corr
0.7	VGLSX	Global Strategy	Pair Corr
0.95	VLAGX	Valic Company I	Pair Corr
0.85	VLCGX	Large Capital Growth	Pair Corr
0.81	VLSMX	Valic Company I	Pair Corr
0.77	VVIAX	Vanguard Value Index	Pair Corr
0.63	AFMFX	American Mutual	Pair Corr
0.72	FFMMX	American Funds American	Pair Corr

Moving against Broad Mutual Fund

0.46

COSRX

Columbia Overseas

Pair Corr

Related Correlations Analysis

	NRSCX	MRESX	PAREX	FORFX	RRSCX
NRSCX		0.35	0.37	0.44	0.19	NRSCX
MRESX	0.35		0.94	0.49	0.96	MRESX
PAREX	0.37	0.94		0.4	0.9	PAREX
FORFX	0.44	0.49	0.4		0.44	FORFX
RRSCX	0.19	0.96	0.9	0.44		RRSCX
	NRSCX	MRESX	PAREX	FORFX	RRSCX

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Risk-Adjusted Indicators

There is a big difference between Broad Mutual Fund performing well and Broad 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 Broad 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
NRSCX	0.18	0.00	0.25	0.10	0.23	(0.19)	0.31	(0.37)	1.00
MRESX	0.89	0.01	0.00	(0.06)	0.00	0.00	1.67	(1.75)	4.48
PAREX	1.00	(0.07)	0.00	(0.17)	0.00	0.00	1.65	(2.30)	6.34
FORFX	0.05	0.03	0.00	4.14	0.00	0.00	0.11	0.00	0.32
RRSCX	0.74	0.00	0.00	(0.07)	0.00	0.00	1.56	(1.56)	4.16

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