Leuthold E Correlations

LCORX Fund

USD 21.95 0.23 1.04%

The current 90-days correlation between Leuthold E Investment and Hussman Strategic Growth is -0.04 (i.e., Good diversification). The correlation of Leuthold E 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 E Correlation With Market

Poor diversification

The correlation between Leuthold E Investment and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold E Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leuthold E Investment. 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 metropolitan statistical area.

Moving together with Leuthold Mutual Fund

0.91	GLBIX	Leuthold Global	Pair Corr
0.91	GLBLX	Leuthold Global	Pair Corr
0.88	LSLTX	Leuthold Select Indu	Pair Corr

Moving against Leuthold Mutual Fund

0.52	TFBRX	American Beacon Twen	Pair Corr
0.49	GAB	Gabelli Equity Trust	Pair Corr
0.48	VIGIX	Vanguard Growth Index	Pair Corr
0.43	FDTRX	Franklin Dynatech	Pair Corr
0.43	ADX	Adams Diversified Equity	Pair Corr
0.39	FSLEX	Environment And Alte	Pair Corr
0.32	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.32	DOXGX	Dodge Cox Stock	Pair Corr
0.53	PFLLX	Putnam Floating Rate	Pair Corr
0.49	CRF	Cornerstone Strategic	Pair Corr

Related Correlations Analysis

	HSGFX	FPACX	MERFX	LSLTX	ARBFX
HSGFX		-0.54	0.12	0.18	-0.04	HSGFX
FPACX	-0.54		0.27	-0.35	0.51	FPACX
MERFX	0.12	0.27		0.36	0.73	MERFX
LSLTX	0.18	-0.35	0.36		0.22	LSLTX
ARBFX	-0.04	0.51	0.73	0.22		ARBFX
	HSGFX	FPACX	MERFX	LSLTX	ARBFX

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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

ARBFX	+ 0.73	MERFX
ARBFX	+ 0.51	FPACX
LSLTX	+ 0.36	MERFX
MERFX	+ 0.27	FPACX
ARBFX	+ 0.22	LSLTX
LSLTX	+ 0.18	HSGFX

High negative correlations

FPACX	- 0.54	HSGFX
LSLTX	- 0.35	FPACX
ARBFX	- 0.04	HSGFX

Risk-Adjusted Indicators

There is a big difference between Leuthold Mutual Fund performing well and Leuthold E 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 E'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
HSGFX	0.47	(0.05)	0.00	(0.45)	0.00	0.00	0.72	(0.90)	5.51
FPACX	0.35	0.10	(0.01)	(35.17)	0.19	(0.39)	0.69	(0.56)	2.32
MERFX	0.12	(0.01)	(0.55)	0.01	0.12	(0.14)	0.23	(0.29)	0.85
LSLTX	0.83	(0.17)	0.00	(0.23)	0.00	0.00	1.36	(1.17)	18.67
ARBFX	0.15	(0.01)	(0.38)	0.03	0.16	(0.18)	0.23	(0.31)	1.38

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