Conestoga Small Correlations

CCASX Fund

USD 82.59 0.16 0.19%

The current 90-days correlation between Conestoga Small Cap and Conestoga Micro Cap is 0.17 (i.e., Average diversification). The correlation of Conestoga Small 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.

Conestoga Small Correlation With Market

Modest diversification

The correlation between Conestoga Small Cap and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conestoga Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Conestoga Small Cap. 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 Conestoga Mutual Fund

0.93	CMCMX	Conestoga Micro Cap	Pair Corr
0.93	CMIRX	Conestoga Micro Cap	Pair Corr
0.97	CCALX	Conestoga Small Cap	Pair Corr
0.84	CCMMX	Conestoga Mid Cap	Pair Corr
0.84	CCMAX	Columbia Large Cap	Pair Corr
0.97	CCSMX	Conestoga Smid Cap	Pair Corr
0.97	CCSGX	Conestoga Smid Cap	Pair Corr
0.97	VSGAX	Vanguard Small Cap	Pair Corr
0.97	VSGIX	Vanguard Small Cap	Pair Corr
0.97	VISGX	Vanguard Small Cap	Pair Corr
0.96	VEXPX	Vanguard Explorer	Pair Corr
0.96	VEXRX	Vanguard Explorer	Pair Corr
0.7	JGMIX	Janus Triton	Pair Corr
0.67	JGMRX	Janus Triton	Pair Corr
0.7	JGMAX	Janus Triton	Pair Corr
0.63	JGMCX	Janus Triton	Pair Corr
0.74	JGMNX	Janus Triton	Pair Corr
0.89	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.89	RYVLX	Nasdaq 100 2x	Pair Corr
0.9	RYVYX	Nasdaq 100 2x	Pair Corr
0.88	UOPIX	Ultra Nasdaq 100	Pair Corr
0.89	RYCCX	Nasdaq 100 2x	Pair Corr
0.89	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.93	INPIX	Internet Ultrasector	Pair Corr
0.93	INPSX	Internet Ultrasector	Pair Corr
0.62	AHYDX	High Yield Fund	Pair Corr
0.61	ACP	Aberdeen Income Credit	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.74	RGGEX	American Funds Global	Pair Corr
0.72	AMECX	Income Fund	Pair Corr
0.7	HIX	Western Asset High	Pair Corr
0.91	ELFNX	Elfun Trusts Elfun	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Conestoga Mutual Fund

0.7

MRK

Merck Company Fiscal Year End 6th of February 2025

Pair Corr

Related Correlations Analysis

	CMCMX	CMIRX	CCASX	CCALX	CCMMX	CCMAX	CCSMX	CCSGX
CMCMX		1.0	0.93	0.96	0.83	0.83	0.96	0.96	CMCMX
CMIRX	1.0		0.93	0.96	0.83	0.83	0.96	0.96	CMIRX
CCASX	0.93	0.93		0.97	0.84	0.84	0.97	0.97	CCASX
CCALX	0.96	0.96	0.97		0.86	0.86	1.0	1.0	CCALX
CCMMX	0.83	0.83	0.84	0.86		1.0	0.88	0.87	CCMMX
CCMAX	0.83	0.83	0.84	0.86	1.0		0.88	0.88	CCMAX
CCSMX	0.96	0.96	0.97	1.0	0.88	0.88		1.0	CCSMX
CCSGX	0.96	0.96	0.97	1.0	0.87	0.88	1.0		CCSGX
	CMCMX	CMIRX	CCASX	CCALX	CCMMX	CCMAX	CCSMX	CCSGX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Conestoga Mutual Fund performing well and Conestoga Small 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 Conestoga Small'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
CMCMX	1.06	0.09	0.11	0.17	0.96	(1.19)	2.43	(2.06)	7.56
CMIRX	1.07	0.09	0.10	0.17	1.01	(1.26)	2.41	(2.18)	7.59
CCASX	0.84	0.17	0.10	0.62	0.72	(0.92)	2.07	(1.31)	7.23
CCALX	0.84	0.07	0.11	0.17	0.73	(0.91)	2.08	(1.32)	7.23
CCMMX	0.59	(0.05)	(0.09)	0.05	0.74	(0.61)	1.42	(1.36)	4.04
CCMAX	0.59	(0.05)	(0.09)	0.05	0.74	(0.61)	1.42	(1.35)	3.90
CCSMX	0.72	0.04	0.06	0.15	0.68	(0.78)	1.79	(1.25)	5.35
CCSGX	0.72	0.04	0.06	0.15	0.67	(0.76)	1.78	(1.26)	5.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC