Large Capital Correlations

Mutual Funds . USA . 
Fund . Large Capital Growth
VLCGX Fund  USD 15.99  0.03  0.19%   
The current 90-days correlation between Large Capital Growth and Oppenheimer Gold Special is 0.21 (i.e., Modest diversification). The correlation of Large Capital 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.

Large Capital Correlation With Market

Weak diversification

The correlation between Large Capital Growth and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Capital Growth 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 Large Capital Growth. 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 price.

Moving together with Large Mutual Fund

  0.98VMIDX Mid Cap IndexPairCorr
  0.85VMSGX Mid Cap StrategicPairCorr
  0.94VAPPX Valic Company IPairCorr
  0.99VSRDX Valic Company IPairCorr
  0.93VSTIX Stock Index FundPairCorr
  0.96VSSVX Small Cap SpecialPairCorr
  0.85VBCVX Broad Cap ValuePairCorr
  0.98VCAAX Asset AllocationPairCorr
  0.98VCBCX Blue Chip GrowthPairCorr
  0.96VCGAX Growth IncomePairCorr
  0.72VCIGX Valic Company IPairCorr
  0.99VCNIX Nasdaq 100 IndexPairCorr
  0.88VCSTX Science TechnologyPairCorr
  0.92VCSLX Small Cap IndexPairCorr
  0.95VCULX Growth Fund GrowthPairCorr
  0.85VDAFX Dynamic AllocationPairCorr
  0.97VVMCX Valic Company IPairCorr
  0.84VVSGX Valic Company IPairCorr
  0.95VVSCX Valic Company IPairCorr
  0.72VLAGX Valic Company IPairCorr
  0.79FAFGX American FundsPairCorr
  0.79FFAFX American FundsPairCorr
  0.77GFACX Growth FundPairCorr
  0.79GFAFX Growth FundPairCorr

Moving against Large Mutual Fund

  0.62VCGSX Government SecuritiesPairCorr
  0.59VCBDX Valic Company IPairCorr
  0.55VCTPX Inflation ProtectedPairCorr
  0.49VCIFX International GovernmentPairCorr
  0.48VCIEX International EquitiesPairCorr
  0.46VCGEX Emerging EconomiesPairCorr
  0.46VCSOX Global Social AwarenessPairCorr
  0.47VIOPX Valic Company IPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Capital 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 Capital'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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