Value Line Correlations

VLEIX Fund

USD 66.06 0.08 0.12%

The current 90-days correlation between Value Line Small and Value Line Income is 0.72 (i.e., Poor diversification). The correlation of Value Line 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.

Value Line Correlation With Market

Very weak diversification

The correlation between Value Line Small and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Line Small 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 Value Line Small. 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.

For more information on how to buy Value Mutual Fund please use our How to Invest in Value Line guide.

Moving together with Value Mutual Fund

0.92	VALIX	Value Line Income	Pair Corr
0.61	VALLX	Value Line Larger	Pair Corr
0.91	VALSX	Value Line Premier	Pair Corr
0.91	VLAAX	Value Line Asset	Pair Corr
0.92	VLAIX	Value Line Asset	Pair Corr
1.0	VLEOX	Value Line Small	Pair Corr
0.92	VLIIX	Value Line Income	Pair Corr
0.62	VLIFX	Value Line Mid	Pair Corr
0.9	VLMIX	Value Line Mid	Pair Corr
0.81	VSGAX	Vanguard Small Cap	Pair Corr
0.81	VSGIX	Vanguard Small Cap	Pair Corr
0.81	VISGX	Vanguard Small Cap	Pair Corr
0.86	VEXPX	Vanguard Explorer	Pair Corr
0.86	VEXRX	Vanguard Explorer	Pair Corr
0.86	JGMIX	Janus Triton	Pair Corr
0.86	JGMRX	Janus Triton	Pair Corr
0.86	JGMAX	Janus Triton	Pair Corr
0.85	JGMCX	Janus Triton	Pair Corr
0.87	JGMNX	Janus Triton	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.75	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VTIAX	Vanguard Total Inter	Pair Corr
0.8	VFINX	Vanguard 500 Index	Pair Corr
0.74	VFFSX	Vanguard 500 Index	Pair Corr
0.87	DHLSX	Diamond Hill Long	Pair Corr
0.85	IMBAX	Voya Limited Maturity	Pair Corr
0.83	GFSYX	Strategic Alternatives	Pair Corr
0.81	AXMNX	Acclivity Mid Cap	Pair Corr
0.85	TWN	Taiwan Closed	Pair Corr
0.91	VRMGX	Virtus Kar Mid	Pair Corr
0.89	CRIAX	Crm Smallmid Cap	Pair Corr
0.72	WMKGX	Wesmark Growth	Pair Corr
0.93	KDHIX	Deutsche Croci Equity	Pair Corr

Related Correlations Analysis

	VALIX	VALLX	VALSX	VILSX	VLAAX	VLAIX	VLEIX	VLEOX	VLIIX	VLIFX
VALIX		0.86	0.91	0.14	0.91	0.91	0.92	0.92	1.0	0.55	VALIX
VALLX	0.86		0.68	0.34	0.64	0.64	0.61	0.61	0.85	0.47	VALLX
VALSX	0.91	0.68		0.25	0.99	0.99	0.91	0.91	0.91	0.61	VALSX
VILSX	0.14	0.34	0.25		0.14	0.13	0.05	0.05	0.14	0.7	VILSX
VLAAX	0.91	0.64	0.99	0.14		1.0	0.91	0.92	0.91	0.53	VLAAX
VLAIX	0.91	0.64	0.99	0.13	1.0		0.92	0.92	0.91	0.53	VLAIX
VLEIX	0.92	0.61	0.91	0.05	0.91	0.92		1.0	0.92	0.62	VLEIX
VLEOX	0.92	0.61	0.91	0.05	0.92	0.92	1.0		0.92	0.62	VLEOX
VLIIX	1.0	0.85	0.91	0.14	0.91	0.91	0.92	0.92		0.55	VLIIX
VLIFX	0.55	0.47	0.61	0.7	0.53	0.53	0.62	0.62	0.55		VLIFX
	VALIX	VALLX	VALSX	VILSX	VLAAX	VLAIX	VLEIX	VLEOX	VLIIX	VLIFX

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Line 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 Value Line'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
VALIX	0.64	0.04	0.01	0.15	0.73	(0.70)	1.62	(1.45)	4.83
VALLX	1.02	(0.05)	(0.04)	0.03	1.37	(1.09)	2.68	(2.64)	6.29
VALSX	0.63	0.07	0.02	0.26	0.57	(0.71)	1.12	(1.10)	10.10
VILSX	0.51	(0.09)	0.00	(0.06)	0.00	0.00	1.10	(1.11)	3.00
VLAAX	0.57	0.11	0.07	0.76	0.26	(0.71)	0.75	(0.78)	12.52
VLAIX	0.57	0.11	0.07	0.75	0.26	(0.72)	0.77	(0.77)	12.53
VLEIX	0.84	0.15	0.16	0.26	0.60	(0.99)	1.91	(1.19)	6.38
VLEOX	0.84	0.16	0.17	0.27	0.59	(1.00)	1.89	(1.20)	6.61
VLIIX	0.65	0.04	0.01	0.16	0.72	(0.76)	1.62	(1.45)	4.76
VLIFX	0.57	(0.04)	(0.09)	0.04	0.65	(0.63)	1.11	(1.14)	3.31

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Value Line Correlations

Value Line Correlation With Market

Very weak diversification

Moving together with Value Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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