Leuthold Global Correlations

GLBIX Fund

USD 9.22 0.03 0.33%

The current 90-days correlation between Leuthold Global and Tax Managed International Equity is 0.02 (i.e., Significant diversification). 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

Significant diversification

The correlation between Leuthold Global Fund and DJI is 0.02 (i.e., Significant 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Leuthold Global 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 gross domestic product.

Moving together with Leuthold Mutual Fund

0.9	GLBLX	Leuthold Global	Pair Corr
0.88	LSLTX	Leuthold Select Indu	Pair Corr
0.9	RIRAX	Capital Income Builder	Pair Corr
0.83	RIREX	Capital Income Builder	Pair Corr
0.9	RIRCX	Capital Income Builder	Pair Corr
0.9	RIRFX	Capital Income Builder	Pair Corr
0.9	CIRCX	Capital Income Builder	Pair Corr
0.83	CIREX	Capital Income Builder	Pair Corr
0.9	RIRBX	Capital Income Builder	Pair Corr
0.83	CAIFX	Capital Income Builder	Pair Corr
0.83	CIRFX	Capital Income Builder	Pair Corr
0.83	CIRAX	Capital Income Builder	Pair Corr
0.69	FSMMX	Fs Multi Strategy	Pair Corr
0.76	BTMPX	Ishares Msci Eafe	Pair Corr
0.76	BTMKX	Blackrock International	Pair Corr
0.83	MDIIX	Blackrock Intern Index	Pair Corr
0.63	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.62	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.63	BMOAX	Blackrock Bond Index	Pair Corr
0.86	MNOZX	Manning Napier Overseas	Pair Corr
0.82	JIGIX	John Hancock Interna	Pair Corr
0.82	ARRFX	Amg River Road	Pair Corr
0.63	RIBIX	Rbc Impact Bond	Pair Corr
0.67	JCPLX	Johnson Core Plus	Pair Corr
0.63	PUCCX	Prudential Unconstrained	Pair Corr
0.96	DBICX	Deutsche Global Macro	Pair Corr
0.67	FAGHX	Faghx	Pair Corr
0.74	PZINX	Pzena International Value	Pair Corr
0.78	PEAPX	International Emerging	Pair Corr
0.65	PMZPX	Pimco Mortgage Oppor	Pair Corr
0.64	JSNAX	Jhancock Short Duration	Pair Corr

Related Correlations Analysis

	RTIUX	WMCANX	FBJYGX	IAADX	FVKVWX
RTIUX		0.28	0.59	0.89	0.06	RTIUX
WMCANX	0.28		0.07	0.23	0.61	WMCANX
FBJYGX	0.59	0.07		0.56	0.1	FBJYGX
IAADX	0.89	0.23	0.56		-0.09	IAADX
FVKVWX	0.06	0.61	0.1	-0.09		FVKVWX
	RTIUX	WMCANX	FBJYGX	IAADX	FVKVWX

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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

IAADX	+ 0.89	RTIUX
FVKVWX	+ 0.61	WMCANX
FBJYGX	+ 0.59	RTIUX
IAADX	+ 0.56	FBJYGX
WMCANX	+ 0.28	RTIUX
IAADX	+ 0.23	WMCANX

High negative correlations

FVKVWX

- 0.09

IAADX

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
RTIUX	0.60	0.09	0.09	0.17	0.73	(0.65)	1.47	(1.45)	5.02
WMCANX	0.60	0.02	0.02	0.03	0.75	(0.65)	1.37	(1.29)	3.48
FBJYGX	0.72	0.14	0.13	(0.63)	0.79	(0.75)	1.84	(1.37)	5.64
IAADX	0.22	(0.01)	0.00	0.20	0.00	0.00	0.44	(0.33)	2.51
FVKVWX	0.73	0.09	0.08	0.16	1.03	(0.74)	1.50	(1.67)	4.47

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