Qs Us Correlations

LMSIX Fund

USD 16.40 0.35 2.09%

The current 90-days correlation between Qs Small Capitalization and Templeton Growth Fund is 0.08 (i.e., Significant diversification). The correlation of Qs Us 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.

Qs Us Correlation With Market

Very poor diversification

The correlation between Qs Small Capitalization and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Small Capitalization 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 Qs Small Capitalization. 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 LMSIX Mutual Fund

0.92	PEYAX	Putnam Equity Income	Pair Corr
0.88	TEBIX	Franklin Mutual Beacon	Pair Corr
0.84	TEDMX	Templeton Developing	Pair Corr
0.9	TEDIX	Franklin Mutual Global	Pair Corr
0.9	TEDSX	Franklin Mutual Global	Pair Corr
0.88	TEDRX	Franklin Mutual Global	Pair Corr
0.89	TEFRX	Templeton Foreign	Pair Corr
0.9	TEFTX	Templeton Foreign	Pair Corr
0.74	TEGBX	Templeton Global Bond	Pair Corr
0.92	TEGRX	Templeton Growth	Pair Corr
0.88	TEMFX	Templeton Foreign	Pair Corr
0.89	TEMGX	Templeton Global Smaller	Pair Corr
0.69	TEMMX	Templeton Emerging	Pair Corr
0.83	TEMWX	Templeton World	Pair Corr
0.93	TEMTX	Franklin Mutual Shares	Pair Corr
0.68	FQCTX	Franklin Necticut Tax	Pair Corr
0.92	SAIFX	Clearbridge Large Cap	Pair Corr
0.71	TEMZX	Templeton Emerging	Pair Corr
0.79	FQCHX	Franklin Templeton Smacs	Pair Corr
0.8	FQEMX	Franklin Templeton Smacs Steady Growth	Pair Corr
0.85	TEQIX	Franklin Mutual Quest	Pair Corr
0.92	TEPLX	Templeton Growth	Pair Corr
0.89	TWDAX	Templeton World	Pair Corr
0.95	TESIX	Franklin Mutual Shares	Pair Corr
0.91	TEURX	Franklin Mutual European	Pair Corr
0.82	TEWTX	Templeton World	Pair Corr
0.74	FQNCX	Franklin North Carolina	Pair Corr
0.82	WAADX	Western Asset Smash	Pair Corr
0.86	WAARX	Western Asset Total	Pair Corr
0.95	FQTEX	Franklin Strategic Series	Pair Corr
0.7	FQTHX	Franklin Templeton Smacs	Pair Corr
0.88	FQTIX	Franklin Strategic Series	Pair Corr

Related Correlations Analysis

	PEYAX	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX
PEYAX		0.99	0.93	0.99	0.99	0.97	0.96	0.97	0.88	0.85	PEYAX
TEBIX	0.99		0.96	0.99	0.99	0.98	0.96	0.98	0.93	0.79	TEBIX
TEDMX	0.93	0.96		0.94	0.93	0.94	0.97	0.98	0.94	0.73	TEDMX
TEDIX	0.99	0.99	0.94		1.0	0.98	0.95	0.97	0.89	0.83	TEDIX
TEDSX	0.99	0.99	0.93	1.0		0.98	0.95	0.97	0.89	0.83	TEDSX
TEDRX	0.97	0.98	0.94	0.98	0.98		0.97	0.96	0.91	0.82	TEDRX
TEFRX	0.96	0.96	0.97	0.95	0.95	0.97		0.99	0.93	0.82	TEFRX
TEFTX	0.97	0.98	0.98	0.97	0.97	0.96	0.99		0.93	0.81	TEFTX
TEGBX	0.88	0.93	0.94	0.89	0.89	0.91	0.93	0.93		0.65	TEGBX
TEGRX	0.85	0.79	0.73	0.83	0.83	0.82	0.82	0.81	0.65		TEGRX
	PEYAX	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX

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Risk-Adjusted Indicators

There is a big difference between LMSIX Mutual Fund performing well and Qs Us 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 Qs Us' 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
PEYAX	0.53	0.17	0.12	(2.26)	0.41	(0.59)	1.38	(1.09)	3.29
TEBIX	0.46	0.18	0.20	(2.53)	0.00	(0.57)	1.20	(0.80)	2.90
TEDMX	0.73	0.37	0.36	(5.23)	0.11	(0.85)	1.99	(1.17)	3.95
TEDIX	0.47	0.19	0.18	(3.87)	0.19	(0.53)	1.20	(0.66)	3.62
TEDSX	0.46	0.19	0.17	(4.11)	0.19	(0.52)	1.21	(0.64)	3.60
TEDRX	0.44	0.11	0.13	0.26	0.24	(0.49)	1.15	(0.63)	3.02
TEFRX	0.55	0.16	0.16	0.30	0.39	(0.64)	1.58	(0.99)	4.00
TEFTX	0.58	0.24	0.18	(1.39)	0.37	(0.67)	1.53	(0.96)	3.98
TEGBX	0.29	0.06	(0.02)	0.47	0.07	(0.40)	0.68	(0.42)	2.16
TEGRX	0.78	0.31	0.34	0.70	0.04	(0.98)	1.28	(0.94)	16.99

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Qs Us Correlations

Qs Us Correlation With Market

Very poor diversification

Moving together with LMSIX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

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