Liberty All Correlations

USA Fund

USD 7.13 0.05 0.71%

The current 90-days correlation between Liberty All Star and Adams Diversified Equity is 0.64 (i.e., Poor diversification). The correlation of Liberty All 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.

Liberty All Correlation With Market

Weak diversification

The correlation between Liberty All Star and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty All Star 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 Liberty All Star. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Liberty Fund

0.78	SCD	Lmp Capital And	Pair Corr
0.72	ETO	Eaton Vance Tax	Pair Corr
0.82	BTO	John Hancock Financial	Pair Corr
0.65	CSQ	Calamos Strategic Total	Pair Corr
0.67	IENSX	Invesco Energy	Pair Corr
0.68	PCCOX	T Rowe Price	Pair Corr
0.69	ADKSX	Adirondack Small Cap	Pair Corr
0.7	BMGAX	Blackrock Mid Cap	Pair Corr
0.62	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.68	GATEX	Gateway Fund Class	Pair Corr
0.92	JGVVX	Jpmorgan Growth Advantage	Pair Corr
0.72	AMGAX	Alger Midcap Growth	Pair Corr

Related Correlations Analysis

	ADX	BSTZ	AIO	RVT	NRGX	NBXG	DLY	HGLB	DSL
ADX		0.89	0.8	0.89	0.54	0.92	0.69	-0.03	0.65	ADX
BSTZ	0.89		0.87	0.77	0.67	0.79	0.56	-0.22	0.59	BSTZ
AIO	0.8	0.87		0.75	0.74	0.75	0.62	-0.28	0.68	AIO
RVT	0.89	0.77	0.75		0.45	0.87	0.8	0.08	0.75	RVT
NRGX	0.54	0.67	0.74	0.45		0.4	0.24	-0.34	0.53	NRGX
NBXG	0.92	0.79	0.75	0.87	0.4		0.77	0.1	0.72	NBXG
DLY	0.69	0.56	0.62	0.8	0.24	0.77		0.22	0.78	DLY
HGLB	-0.03	-0.22	-0.28	0.08	-0.34	0.1	0.22		0.23	HGLB
DSL	0.65	0.59	0.68	0.75	0.53	0.72	0.78	0.23		DSL
	ADX	BSTZ	AIO	RVT	NRGX	NBXG	DLY	HGLB	DSL

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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

NBXG	+ 0.92	ADX
BSTZ	+ 0.89	ADX
RVT	+ 0.89	ADX
AIO	+ 0.87	BSTZ
NBXG	+ 0.87	RVT
AIO	+ 0.8	ADX

High negative correlations

HGLB	- 0.34	NRGX
HGLB	- 0.28	AIO
HGLB	- 0.22	BSTZ
HGLB	- 0.03	ADX

Risk-Adjusted Indicators

There is a big difference between Liberty Fund performing well and Liberty All 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 Liberty All'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
ADX	0.65	0.06	0.05	0.33	0.80	(0.66)	1.20	(1.17)	4.89
BSTZ	1.04	0.20	0.16	0.52	0.97	(1.13)	2.24	(1.61)	5.98
AIO	1.00	0.10	0.09	0.19	1.06	(1.13)	2.47	(1.91)	5.90
RVT	0.88	0.08	0.06	0.24	0.98	(1.03)	1.87	(1.54)	9.12
NRGX	1.01	0.18	0.11	(4.12)	1.14	(1.08)	2.23	(2.05)	7.31
NBXG	0.81	0.03	0.02	0.11	1.15	(0.78)	1.79	(1.77)	4.70
DLY	0.53	(0.02)	0.00	(0.09)	0.00	0.00	0.85	(1.06)	3.58
HGLB	0.91	(0.01)	(0.02)	(0.02)	1.10	(0.97)	1.58	(1.85)	4.82
DSL	0.49	0.00	(0.03)	0.01	0.55	(0.61)	1.13	(1.04)	3.43

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