Large Cap Correlations

Mutual Funds USA . 
Fund . Large Cap Equity
IICAX Fund  USD 12.33  0.04  0.32%   
The current 90-days correlation between Large Cap Equity and Walden Equity Fund is 0.85 (i.e., Very poor diversification). 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.

Large Cap Correlation With Market

Very poor diversification

The correlation between Large Cap Equity and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Cap Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis 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 nation.

Moving together with Large Mutual Fund

  1.0IICHX Large Cap EquityPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.92VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.92VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.96VIIIX Vanguard InstitutionalPairCorr
  0.71WRHIX Ivy High IncomePairCorr
  0.71WHIAX Ivy High IncomePairCorr
  0.72IHIFX Ivy High IncomePairCorr
  0.76IVHIX Ivy High IncomePairCorr
  0.95HACAX Harbor Capital ApprePairCorr
  0.94QCGRPX College RetirementPairCorr
  0.89XCAPX Acap StrategicPairCorr
  0.89AMFFX American MutualPairCorr
  0.9ASMOX Aqr Small CapPairCorr
  0.93FBGRX Fidelity Blue ChipPairCorr
  0.96PRCOX T Rowe PricePairCorr
  0.96URNQX Nasdaq 100 IndexPairCorr
  0.92FCNTX Fidelity ContrafundPairCorr
  0.93FAFGX American FundsPairCorr
  0.96DSPIX Dreyfus InstitutionalPairCorr
  0.92UINQX Usaa Nasdaq 100PairCorr
  0.8PFN Pimco Income StrategyPairCorr
  0.91FZROX Fidelity Zero TotalPairCorr
  0.95VTCLX Vanguard Tax ManagedPairCorr
  0.96FLSZX Franklin Lifesmart 2055PairCorr
  0.94MDCEX Matisse DiscountedPairCorr
  0.91FBALX Fidelity BalancedPairCorr

Moving against Large Mutual Fund

  0.49LIIAX Columbia Porate IncomePairCorr
  0.47SRINX Columbia Porate IncomePairCorr
  0.36CIFRX Columbia Porate IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY