Leuthold Global Correlations
| GLBIX Fund | USD 9.19 0.01 0.11% |
The current 90-days correlation between Leuthold Global and Leuthold Global Fund is 1.0 (i.e., No risk reduction). The correlation of Leuthold Global 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 Global Correlation With Market
Very weak diversification
The correlation between Leuthold Global Fund and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold Global Fund and DJI in the same portfolio, assuming nothing else is changed.
Leuthold |
Moving together with Leuthold Mutual Fund
| 1.0 | GLBLX | Leuthold Global | PairCorr |
| 0.91 | LSLTX | Leuthold Select Indu | PairCorr |
| 0.98 | LCORX | Leuthold E Investment | PairCorr |
| 0.98 | LCRIX | Leuthold E Investment | PairCorr |
| 0.76 | RIRAX | Capital Income Builder | PairCorr |
| 0.76 | RIREX | Capital Income Builder | PairCorr |
| 0.76 | RIRCX | Capital Income Builder | PairCorr |
| 0.76 | RIRFX | Capital Income Builder | PairCorr |
| 0.76 | CIRCX | Capital Income Builder | PairCorr |
| 0.76 | CIREX | Capital Income Builder | PairCorr |
| 0.76 | RIRBX | Capital Income Builder | PairCorr |
| 0.76 | CAIFX | Capital Income Builder | PairCorr |
| 0.76 | CIRFX | Capital Income Builder | PairCorr |
| 0.76 | CIRAX | Capital Income Builder | PairCorr |
| 0.63 | BINSX | The International Equity | PairCorr |
| 0.63 | LEPKX | Blackrock Lifepath Esg | PairCorr |
| 0.65 | ODMAX | Oppenheimer Developing | PairCorr |
| 0.67 | DRILX | Dimensional 2060 Target | PairCorr |
Moving against Leuthold Mutual Fund
Related Correlations Analysis
| 1.0 | 0.91 | 0.98 | 0.98 | -0.6 | GLBIX | ||
| 1.0 | 0.92 | 0.98 | 0.98 | -0.58 | GLBLX | ||
| 0.91 | 0.92 | 0.88 | 0.88 | -0.42 | LSLTX | ||
| 0.98 | 0.98 | 0.88 | 1.0 | -0.69 | LCORX | ||
| 0.98 | 0.98 | 0.88 | 1.0 | -0.69 | LCRIX | ||
| -0.6 | -0.58 | -0.42 | -0.69 | -0.69 | GRZZX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Leuthold Mutual Fund performing well and Leuthold Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLBIX | 0.44 | (0.09) | 0.00 | (0.19) | 0.00 | 0.67 | 5.93 | |||
| GLBLX | 0.44 | (0.10) | 0.00 | (0.19) | 0.00 | 0.68 | 6.03 | |||
| LSLTX | 0.75 | (0.27) | 0.00 | (0.34) | 0.00 | 1.09 | 15.59 | |||
| LCORX | 0.43 | (0.09) | 0.00 | (0.17) | 0.00 | 0.77 | 5.04 | |||
| LCRIX | 0.43 | (0.09) | 0.00 | (0.17) | 0.00 | 0.76 | 5.10 | |||
| GRZZX | 0.59 | (0.01) | 0.00 | 0.02 | 0.00 | 1.12 | 4.46 |