Leuthold Global Correlations

Mutual Funds . USA . 
Fund . Leuthold Global Fund
GLBIX Fund  USD 8.95  0.03  0.34%   
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

Weak diversification

The correlation between Leuthold Global Fund 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 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

  1.0GLBLX Leuthold GlobalPairCorr
  0.99LSLTX Leuthold Select InduPairCorr
  0.97LCORX Leuthold E InvestmentPairCorr
  0.97LCRIX Leuthold E InvestmentPairCorr
  0.81RIRAX Capital Income BuilderPairCorr
  0.8RIREX Capital Income BuilderPairCorr
  0.8RIRCX Capital Income BuilderPairCorr
  0.8RIRFX Capital Income BuilderPairCorr
  0.81CIRCX Capital Income BuilderPairCorr
  0.8CIREX Capital Income BuilderPairCorr
  0.81RIRBX Capital Income BuilderPairCorr
  0.77CAIFX Capital Income BuilderPairCorr
  0.8CIRFX Capital Income BuilderPairCorr
  0.8CIRAX Capital Income BuilderPairCorr
  0.63SMPSX Semiconductor UltrasectorPairCorr

Moving against Leuthold Mutual Fund

  0.91DFEQX Dfa Short TermPairCorr
  0.87BUFHX Buffalo High YieldPairCorr
  0.86GPICX Guidepath ConservativePairCorr
  0.84MSSMX Small Pany GrowthPairCorr
  0.83CPOAX Morgan Stanley MultiPairCorr
  0.81RYIFX Guggenheim ManagedPairCorr
  0.78LETRX Voya Russia FundPairCorr
  0.75JCE Nuveen Core EquityPairCorr
  0.7CSQIX Credit Suisse MultiaPairCorr
  0.65ABRUX Americafirst MonthlyPairCorr
  0.62ENGRX Vest Large Cap Downward RallyPairCorr
  0.44KMKNX Kinetics Market Oppo Steady GrowthPairCorr
  0.34PCGYX Putnam Vertible SecuPairCorr
  0.87BFGUX Baron Focused GrowthPairCorr
  0.87BDMKX Blackrock Global LonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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