Lsv Value Correlations

Mutual Funds . USA . 
Fund . Lsv Value Equity
LVAEX Fund  USD 30.21  0.13  0.43%   
The current 90-days correlation between Lsv Value Equity and Vanguard Value Index is 0.94 (i.e., Almost no diversification). The correlation of Lsv Value 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.

Lsv Value Correlation With Market

Almost no diversification

The correlation between Lsv Value Equity and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsv Value Equity 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 Lsv Value Equity. 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 income.

Moving together with Lsv Mutual Fund

  0.81LSVGX Lsv Global ValuePairCorr
  1.0LSVEX Lsv Value EquityPairCorr
  0.94LSVQX Lsv Small CapPairCorr
  0.84LVAFX Lsv Global ManagedPairCorr
  0.81LVAGX Lsv Global ValuePairCorr
  0.97LVAMX Lsv Managed VolatilityPairCorr
  0.94LVAQX Lsv Small CapPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.98DOXGX Dodge Cox StockPairCorr
  0.89AFMFX American MutualPairCorr
  0.89FFMMX American Funds AmericanPairCorr
  0.89FFFMX American Funds AmericanPairCorr
  0.89AMRMX American MutualPairCorr
  0.89AMFFX American MutualPairCorr
  0.88AMFCX American MutualPairCorr
  0.98DODGX Dodge Stock FundPairCorr
  0.97VIVAX Vanguard Value IndexPairCorr
  0.9DXQLX Direxion Monthly NasdaqPairCorr
  0.9RYVLX Nasdaq 100 2xPairCorr
  0.9RYVYX Nasdaq 100 2xPairCorr
  0.9UOPIX Ultra Nasdaq 100PairCorr
  0.9RYCCX Nasdaq 100 2xPairCorr
  0.9UOPSX Ultranasdaq 100 ProfundPairCorr
  0.94INPIX Internet UltrasectorPairCorr
  0.94INPSX Internet UltrasectorPairCorr
  0.97WWLAX Westwood Largecap ValuePairCorr
  0.88GAPIX Goldman Sachs EquityPairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.95TLCYX Touchstone Large CapPairCorr
  0.95VWELX Vanguard WellingtonPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.93SAGAX Ridgeworth InnovativePairCorr
  1.0AMGIX Income GrowthPairCorr
  0.88GAB Gabelli Equity TrustPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lsv Mutual Fund performing well and Lsv Value 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 Lsv Value'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VVIAX  0.51  0.00 (0.05) 0.11  0.38 
(0.62)
 1.05 
(0.83)
 3.45 
DOXGX  0.52 (0.01)(0.05) 0.10  0.44 
(0.59)
 0.94 
(0.93)
 4.22 
AFMFX  0.46 (0.02)(0.11) 0.09  0.43 
(0.52)
 0.90 
(0.86)
 2.68 
FFMMX  0.46 (0.02)(0.11) 0.09  0.43 
(0.52)
 0.90 
(0.86)
 2.66 
FFFMX  0.45 (0.02)(0.11) 0.09  0.42 
(0.52)
 0.90 
(0.86)
 2.68 
AMRMX  0.46 (0.02)(0.12) 0.08  0.43 
(0.52)
 0.91 
(0.86)
 2.66 
AMFFX  0.46 (0.02)(0.12) 0.08  0.43 
(0.52)
 0.90 
(0.86)
 2.68 
AMFCX  0.46 (0.02)(0.12) 0.08  0.43 
(0.52)
 0.90 
(0.88)
 2.68 
DODGX  0.52 (0.01)(0.05) 0.10  0.44 
(0.59)
 0.94 
(0.94)
 4.22 
VIVAX  0.51  0.00 (0.05) 0.11  0.39 
(0.62)
 1.05 
(0.83)
 3.45 

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