Lebenthal Lisanti Correlations

ASCGX Fund

USD 21.50 0.05 0.23%

The current 90-days correlation between Lebenthal Lisanti Small and Lord Abbett Growth is 0.84 (i.e., Very poor diversification). The correlation of Lebenthal Lisanti 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.

Lebenthal Lisanti Correlation With Market

Significant diversification

The correlation between Lebenthal Lisanti Small and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lebenthal Lisanti Small 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 Lebenthal Lisanti Small. 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 Lebenthal Mutual Fund

0.94	VSGAX	Vanguard Small Cap	Pair Corr
0.94	VSGIX	Vanguard Small Cap	Pair Corr
0.94	VISGX	Vanguard Small Cap	Pair Corr
0.93	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.93	JGMIX	Janus Triton	Pair Corr
0.93	JGMRX	Janus Triton	Pair Corr
0.93	JGMAX	Janus Triton	Pair Corr
0.93	JGMCX	Janus Triton	Pair Corr
0.93	JGMNX	Janus Triton	Pair Corr
0.86	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.8	SMPSX	Semiconductor Ultrasector	Pair Corr
0.65	LETRX	Voya Russia Fund	Pair Corr
0.88	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.86	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.87	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.97	FBALX	Fidelity Balanced	Pair Corr
0.79	GAB	Gabelli Equity Trust	Pair Corr
0.89	LLPFX	Longleaf Partners	Pair Corr
0.96	LTFOX	Lord Abbett Affiliated	Pair Corr
0.65	RIV	Rivernorth Opportunities	Pair Corr
0.96	SCRYX	Small Cap Core	Pair Corr
0.82	FEMDX	Franklin Emerging Market	Pair Corr
0.87	RQECX	Resq Dynamic Allocation	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.9	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.72	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.81	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Lebenthal Mutual Fund

0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.58	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.53	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	LGLAX	PREOX	QRSVX	ERLVX
LGLAX		0.61	0.9	0.93	LGLAX
PREOX	0.61		0.58	0.52	PREOX
QRSVX	0.9	0.58		0.95	QRSVX
ERLVX	0.93	0.52	0.95		ERLVX
	LGLAX	PREOX	QRSVX	ERLVX

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Risk-Adjusted Indicators

There is a big difference between Lebenthal Mutual Fund performing well and Lebenthal Lisanti 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 Lebenthal Lisanti'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
LGLAX	0.93	0.24	0.09	5.69	1.12	(0.94)	2.65	(1.69)	5.60
PREOX	0.89	(0.02)	0.00	0.27	0.00	0.00	1.66	(3.06)	5.69
QRSVX	0.77	(0.02)	0.00	0.08	0.73	(0.90)	1.89	(1.28)	6.35
ERLVX	0.53	0.00	(0.02)	0.10	0.47	(0.62)	1.08	(1.01)	3.91

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