Leuthold Global Correlations

GLBIX Fund

USD 9.03 0.22 2.38%

The current 90-days correlation between Leuthold Global and Leuthold Global Fund is 1.0 (i.e., No risk reduction). The correlation of Leuthold Global 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.

Leuthold Global Correlation With Market

Very weak diversification

The correlation between Leuthold Global Fund and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold Global Fund 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 Leuthold Global Fund. 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 gross domestic product.

Moving together with Leuthold Mutual Fund

1.0	GLBLX	Leuthold Global	Pair Corr
0.88	LSLTX	Leuthold Select Indu	Pair Corr
0.91	LCORX	Leuthold E Investment	Pair Corr
0.76	GRZZX	Grizzly Short	Pair Corr
0.61	RIRAX	Capital Income Builder	Pair Corr
0.62	RIREX	Capital Income Builder	Pair Corr
0.66	CIRCX	Capital Income Builder	Pair Corr
0.63	CIREX	Capital Income Builder	Pair Corr
0.66	RIRBX	Capital Income Builder	Pair Corr
0.62	CIRAX	Capital Income Builder	Pair Corr

Moving against Leuthold Mutual Fund

0.79	KMKCX	Kinetics Market Oppo	Pair Corr
0.76	LSHUX	Horizon Spin Off	Pair Corr
0.48	LCRIX	Leuthold E Investment	Pair Corr
0.81	CLM	Cornerstone Strategic	Pair Corr
0.81	TORIX	Tortoise Mlp Pipeline	Pair Corr
0.79	KMKAX	Kinetics Market Oppo	Pair Corr
0.77	KNPAX	Kinetics Paradigm	Pair Corr
0.77	AMGCX	Alger Midcap Growth	Pair Corr
0.76	KNPYX	Kinetics Paradigm	Pair Corr
0.76	WWNPX	Kinetics Paradigm	Pair Corr
0.76	KNPCX	Kinetics Paradigm	Pair Corr
0.73	LSHCX	Horizon Spin Off	Pair Corr
0.73	GCGIX	Goldman Sachs Large	Pair Corr
0.7	USTCX	Science Technology	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.62	SPPIX	Short Precious Metals	Pair Corr
0.6	GTAIX	Power Global Tactical	Pair Corr
0.53	RFNBX	American Funds Funda	Pair Corr
0.51	LETRX	Voya Russia Fund	Pair Corr
0.51	QMHIX	Aqr Managed Futures	Pair Corr
0.45	RNGBX	New Economy Fund	Pair Corr
0.84	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.83	KGLCX	Kinetics Global	Pair Corr

Related Correlations Analysis

	GLBLX	LSLTX	LCORX	LCRIX	GRZZX
GLBLX		0.88	0.91	-0.49	0.76	GLBLX
LSLTX	0.88		0.88	-0.43	0.61	LSLTX
LCORX	0.91	0.88		-0.18	0.48	LCORX
LCRIX	-0.49	-0.43	-0.18		-0.84	LCRIX
GRZZX	0.76	0.61	0.48	-0.84		GRZZX
	GLBLX	LSLTX	LCORX	LCRIX	GRZZX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LCORX	+ 0.91	GLBLX
LSLTX	+ 0.88	GLBLX
LCORX	+ 0.88	LSLTX
GRZZX	+ 0.76	GLBLX
GRZZX	+ 0.61	LSLTX
GRZZX	+ 0.48	LCORX

High negative correlations

GRZZX	- 0.84	LCRIX
LCRIX	- 0.49	GLBLX
LCRIX	- 0.43	LSLTX
LCRIX	- 0.18	LCORX

Risk-Adjusted Indicators

There is a big difference between Leuthold Mutual Fund performing well and Leuthold Global 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 Leuthold Global'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
GLBLX	0.47	(0.16)	0.00	(0.23)	0.00	0.00	0.73	(1.12)	6.77
LSLTX	0.83	(0.17)	0.00	(0.23)	0.00	0.00	1.36	(1.17)	18.67
LCORX	0.44	(0.12)	0.00	(0.07)	0.00	0.00	0.84	(0.83)	6.76
LCRIX	0.37	(0.04)	(0.17)	0.04	0.40	(0.40)	0.83	(0.73)	2.49
GRZZX	0.60	(0.13)	0.00	0.28	0.00	0.00	0.90	(1.07)	3.79

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