Leuthold Select Correlations

LSLTX Fund

USD 35.33 0.12 0.34%

The current 90-days correlation between Leuthold Select Indu and Stone Ridge Diversified is 0.15 (i.e., Average diversification). The correlation of Leuthold Select 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 Select Correlation With Market

Average diversification

The correlation between Leuthold Select Industries and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold Select Industries 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 Select Industries. 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 estimate.

Moving together with Leuthold Mutual Fund

0.88	GLBIX	Leuthold Global	Pair Corr
0.88	GLBLX	Leuthold Global	Pair Corr
0.88	LCORX	Leuthold E Investment	Pair Corr
0.61	GRZZX	Grizzly Short	Pair Corr
0.65	NHS	Neuberger Berman High	Pair Corr

Moving against Leuthold Mutual Fund

0.54	VTSAX	Vanguard Total Stock	Pair Corr
0.54	VTSMX	Vanguard Total Stock	Pair Corr
0.54	VSMPX	Vanguard Total Stock	Pair Corr
0.54	VSTSX	Vanguard Total Stock	Pair Corr
0.52	VITSX	Vanguard Total Stock	Pair Corr
0.51	VFFSX	Vanguard 500 Index	Pair Corr
0.51	VINIX	Vanguard Institutional	Pair Corr
0.51	VIIIX	Vanguard Institutional	Pair Corr
0.49	VFIAX	Vanguard 500 Index	Pair Corr
0.49	VFINX	Vanguard 500 Index	Pair Corr
0.43	LCRIX	Leuthold E Investment	Pair Corr
0.59	FSMDX	Fidelity Mid Cap	Pair Corr
0.57	PFLLX	Putnam Floating Rate	Pair Corr
0.56	VIGIX	Vanguard Growth Index	Pair Corr
0.51	FDTRX	Franklin Dynatech	Pair Corr
0.51	AMEIX	Equity Growth	Pair Corr
0.46	PSDTX	Putnam Short Duration	Pair Corr
0.43	JILGX	Multimanager Lifestyle	Pair Corr
0.42	AREFX	One Choice 2055	Pair Corr
0.4	DOXGX	Dodge Cox Stock	Pair Corr
0.39	TRFHX	T Rowe Price	Pair Corr
0.37	HYMAX	Lord Abbett High	Pair Corr
0.67	CMGIX	Blackrock Mid Cap	Pair Corr
0.61	TFBRX	American Beacon Twen	Pair Corr
0.58	CRF	Cornerstone Strategic	Pair Corr
0.55	ADX	Adams Diversified Equity	Pair Corr
0.5	FSLEX	Environment And Alte	Pair Corr
0.48	JEPIX	Jpmorgan Equity Premium	Pair Corr

Related Correlations Analysis

	SRDAX	WCAFX	TFCAX	CFAIX	LIGFX	GUDAX	PQCNX
SRDAX		-0.05	0.88	0.08	0.66	0.0	-0.53	SRDAX
WCAFX	-0.05		-0.06	0.98	0.53	0.0	0.68	WCAFX
TFCAX	0.88	-0.06		0.04	0.69	0.0	-0.58	TFCAX
CFAIX	0.08	0.98	0.04		0.62	0.0	0.62	CFAIX
LIGFX	0.66	0.53	0.69	0.62		0.0	-0.18	LIGFX
GUDAX	0.0	0.0	0.0	0.0	0.0		0.0	GUDAX
PQCNX	-0.53	0.68	-0.58	0.62	-0.18	0.0		PQCNX
	SRDAX	WCAFX	TFCAX	CFAIX	LIGFX	GUDAX	PQCNX

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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

CFAIX	+ 0.98	WCAFX
TFCAX	+ 0.88	SRDAX
LIGFX	+ 0.69	TFCAX
PQCNX	+ 0.68	WCAFX
LIGFX	+ 0.66	SRDAX
LIGFX	+ 0.62	CFAIX

High negative correlations

PQCNX	- 0.58	TFCAX
PQCNX	- 0.53	SRDAX
PQCNX	- 0.18	LIGFX
TFCAX	- 0.06	WCAFX
WCAFX	- 0.05	SRDAX
PQCNX	- 0.0	GUDAX

Risk-Adjusted Indicators

There is a big difference between Leuthold Mutual Fund performing well and Leuthold Select 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 Select'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
SRDAX	0.19	0.04	(0.17)	4.64	0.13	(0.25)	0.44	(0.35)	1.36
WCAFX	0.23	(0.02)	(0.31)	0.00	0.27	(0.26)	0.46	(0.45)	1.36
TFCAX	0.03	0.00	0.00	(0.68)	0.00	0.00	0.10	0.00	0.40
CFAIX	0.24	(0.02)	(0.34)	0.00	0.26	(0.26)	0.44	(0.49)	1.26
LIGFX	0.25	(0.01)	(0.26)	0.07	0.20	(0.29)	0.55	(0.43)	1.23
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PQCNX	0.23	(0.05)	0.00	(0.53)	0.00	0.00	0.35	(0.69)	1.40

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