Leuthold Global Correlations

GLBLX Fund

USD 9.01 0.06 0.67%

The current 90-days correlation between Leuthold Global and Blackrock Science Technology is 0.19 (i.e., Average diversification). 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 bureau of economic analysis.

Moving together with Leuthold Mutual Fund

0.88	GLBIX	Leuthold Global	Pair Corr
0.84	LSLTX	Leuthold Select Indu	Pair Corr
0.93	LCORX	Leuthold E Investment	Pair Corr
0.94	LCRIX	Leuthold E Investment	Pair Corr
0.74	RIRAX	Capital Income Builder	Pair Corr
0.73	RIREX	Capital Income Builder	Pair Corr
0.73	RIRCX	Capital Income Builder	Pair Corr
0.73	RIRFX	Capital Income Builder	Pair Corr
0.74	CIRCX	Capital Income Builder	Pair Corr
0.73	CIREX	Capital Income Builder	Pair Corr
0.74	RIRBX	Capital Income Builder	Pair Corr
0.73	CAIFX	Capital Income Builder	Pair Corr
0.73	CIRFX	Capital Income Builder	Pair Corr
0.73	CIRAX	Capital Income Builder	Pair Corr
0.7	BIPIX	Biotechnology Ultrasector	Pair Corr

Moving against Leuthold Mutual Fund

0.49	HGOYX	Hartford Growth	Pair Corr
0.47	RSDIX	Rbc Short Duration	Pair Corr
0.39	INPIX	Internet Ultrasector	Pair Corr
0.39	INPSX	Internet Ultrasector	Pair Corr
0.31	ANGLX	Angel Oak Multi	Pair Corr
0.31	OSIIX	Oppenheimer Global Strtgc	Pair Corr
0.58	CRHSX	Catholic Rspnsbl Invst	Pair Corr
0.54	TINAX	Acm Tactical Income	Pair Corr

Related Correlations Analysis

	BSTSX	RAGTX	BGSIX	ITYYX	DTEYX	PGKCX	WFSTX
BSTSX		0.53	1.0	0.73	0.87	0.87	0.6	BSTSX
RAGTX	0.53		0.58	0.13	0.63	0.7	-0.17	RAGTX
BGSIX	1.0	0.58		0.7	0.87	0.89	0.55	BGSIX
ITYYX	0.73	0.13	0.7		0.69	0.67	0.89	ITYYX
DTEYX	0.87	0.63	0.87	0.69		0.82	0.57	DTEYX
PGKCX	0.87	0.7	0.89	0.67	0.82		0.44	PGKCX
WFSTX	0.6	-0.17	0.55	0.89	0.57	0.44		WFSTX
	BSTSX	RAGTX	BGSIX	ITYYX	DTEYX	PGKCX	WFSTX

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

BGSIX	+ 1.0	BSTSX
PGKCX	+ 0.89	BGSIX
WFSTX	+ 0.89	ITYYX
DTEYX	+ 0.87	BSTSX
PGKCX	+ 0.87	BSTSX
DTEYX	+ 0.87	BGSIX

High negative correlations

WFSTX

- 0.17

RAGTX

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
BSTSX	1.26	(0.01)	(0.03)	0.06	2.06	(1.22)	2.40	(3.58)	9.07
RAGTX	1.17	0.10	0.03	0.38	1.61	(1.19)	2.51	(2.47)	7.83
BGSIX	1.25	(0.01)	(0.03)	0.07	2.03	(1.22)	2.40	(3.58)	9.08
ITYYX	1.39	(0.07)	(0.03)	0.00	2.67	(1.22)	2.50	(2.91)	12.95
DTEYX	1.05	0.03	(0.01)	0.17	1.32	(1.13)	1.98	(2.49)	6.39
PGKCX	1.25	(0.01)	(0.03)	0.07	2.00	(1.16)	2.27	(2.67)	9.62
WFSTX	0.94	(0.08)	0.00	(0.06)	0.00	0.00	1.46	(2.14)	10.00

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