Lateef Focused Correlations

Mutual Funds . USA . 
Fund . Lateef Focused Growth
LIMAX Fund  USD 6.61  0.04  0.61%   
The current 90-days correlation between Lateef Focused Growth and Investec Emerging Markets is 0.11 (i.e., Average diversification). The correlation of Lateef Focused 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.

Lateef Focused Correlation With Market

Very poor diversification

The correlation between Lateef Focused Growth and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lateef Focused Growth 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 Lateef Focused Growth. 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 nation.

Moving together with Lateef Mutual Fund

  0.8AGTHX Growth FundPairCorr
  0.83GFACX Growth FundPairCorr
  0.83GFAFX Growth FundPairCorr
  0.83FAFGX American FundsPairCorr
  0.83FFAFX American FundsPairCorr
  0.83CGFFX Growth FundPairCorr
  0.83CGFCX Growth FundPairCorr
  0.82CGFAX Growth FundPairCorr
  0.83CGFEX Growth FundPairCorr
  0.86EKWDX Wells Fargo AdvantagePairCorr
  0.75PMPIX Precious Metals UltrPairCorr
  0.75PMPSX Precious Metals UltrPairCorr
  0.83SRTJX Sierra Tactical RiskPairCorr
  0.88VESAX Vela Small CapPairCorr
  0.82YAFIX Amg Yacktman FocusedPairCorr
  0.79MGXIX Mainstay Growth AlloPairCorr
  0.74PCBAX Blackrock TacticalPairCorr
  0.86GHVIX Gmo High YieldPairCorr
  0.9TRSCX Tiaa Cref SocialPairCorr
  0.65SACVX Spirit Of AmericaPairCorr
  0.9TRZDX T Rowe PricePairCorr
  0.83TRRLX T Rowe PricePairCorr
  0.85PCEQX Pioneer Equity IncomePairCorr
  0.87AMGIX Income GrowthPairCorr
  0.83ABLSX American Beacon BalancedPairCorr
  0.88SESVX Simt Small CapPairCorr
  0.74FTCCX Franklin ConservativePairCorr
  0.74ESGIX Dana Epiphany EsgPairCorr
  0.78JIIOX Lifestyle Ii AggressivePairCorr
  0.78REKTX American Funds 2055PairCorr
  0.79LOGOX Scharf Balanced OppoPairCorr
  0.84VEIPX Vanguard Equity IncomePairCorr
  0.92GVIRX Goldman Sachs EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Lateef Mutual Fund performing well and Lateef Focused 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 Lateef Focused'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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