Smead Value Correlations

SMVLX Fund

USD 82.34 0.74 0.91%

The current 90-days correlation between Smead Value Fund and Matthew 25 Fund is 0.5 (i.e., Very weak diversification). The correlation of Smead 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.

Smead Value Correlation With Market

Weak diversification

The correlation between Smead Value Fund and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead Value Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smead Value Fund. 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 bureau of economic analysis.

Moving together with Smead Mutual Fund

0.83	VVIAX	Vanguard Value Index	Pair Corr
0.87	DOXGX	Dodge Cox Stock	Pair Corr
0.9	AFMFX	American Mutual	Pair Corr
0.9	FFMMX	American Funds American	Pair Corr
0.9	FFFMX	American Funds American	Pair Corr
0.9	AMRMX	American Mutual	Pair Corr
0.84	AMFFX	American Mutual	Pair Corr
0.84	AMFCX	American Mutual	Pair Corr
0.85	DODGX	Dodge Stock Fund	Pair Corr
0.9	VIVAX	Vanguard Value Index	Pair Corr
0.65	ALCEX	Avantis Large Cap	Pair Corr
0.72	GSWPX	Goldman Sachs Smallmid	Pair Corr
0.73	ARTNX	Artisan Select Equity	Pair Corr

Moving against Smead Mutual Fund

0.62	PQTAX	Pimco Trends Managed	Pair Corr
0.36	GPMFX	Guidepath Managed Futures	Pair Corr
0.62	PQTIX	Aa Pimco Tr	Pair Corr
0.61	PQTNX	Pimco Trends Managed	Pair Corr
0.42	LFRIX	Floating Rate	Pair Corr
0.42	SSAGX	Virtus Seix Government	Pair Corr
0.34	HGORX	Hartford Growth	Pair Corr

Related Correlations Analysis

	MXXVX	BREFX	BUFOX	ETGLX	HDPSX
MXXVX		0.86	0.79	0.59	0.79	MXXVX
BREFX	0.86		0.77	0.56	0.85	BREFX
BUFOX	0.79	0.77		0.87	0.61	BUFOX
ETGLX	0.59	0.56	0.87		0.31	ETGLX
HDPSX	0.79	0.85	0.61	0.31		HDPSX
	MXXVX	BREFX	BUFOX	ETGLX	HDPSX

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Risk-Adjusted Indicators

There is a big difference between Smead Mutual Fund performing well and Smead 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 Smead 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MXXVX	1.13	(0.01)	(0.03)	0.05	1.64	(1.20)	2.33	(2.57)	11.81
BREFX	0.88	(0.06)	0.00	(0.02)	0.00	0.00	1.59	(1.81)	7.13
BUFOX	0.81	0.03	(0.03)	0.23	1.06	(0.91)	1.58	(1.68)	8.45
ETGLX	0.95	0.07	0.01	0.41	1.18	(1.05)	1.84	(2.07)	6.39
HDPSX	1.02	(0.15)	0.00	(0.16)	0.00	0.00	1.76	(1.33)	17.27

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