Leuthold Global Correlations

GLBLX Fund

USD 9.00 0.04 0.45%

The current 90-days correlation between Leuthold Global and Cref Money Market is -0.08 (i.e., Good 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

Poor diversification

The correlation between Leuthold Global Fund and DJI is 0.72 (i.e., Poor 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 bureau of economic analysis.

Moving together with Leuthold Mutual Fund

0.86	GLBIX	Leuthold Global	Pair Corr
0.84	LSLTX	Leuthold Select Indu	Pair Corr
0.86	RIRAX	Capital Income Builder	Pair Corr
0.86	RIREX	Capital Income Builder	Pair Corr
0.8	RIRCX	Capital Income Builder	Pair Corr
0.8	RIRFX	Capital Income Builder	Pair Corr
0.86	CIRCX	Capital Income Builder	Pair Corr
0.8	CIREX	Capital Income Builder	Pair Corr
0.8	RIRBX	Capital Income Builder	Pair Corr
0.79	CAIFX	Capital Income Builder	Pair Corr
0.86	CIRFX	Capital Income Builder	Pair Corr
0.8	CIRAX	Capital Income Builder	Pair Corr
0.71	FSMMX	Fs Multi Strategy	Pair Corr
0.71	BTMPX	Ishares Msci Eafe	Pair Corr
0.78	BTMKX	Blackrock International	Pair Corr
0.71	MDIIX	Blackrock Intern Index	Pair Corr
0.82	MNOZX	Manning Napier Overseas	Pair Corr
0.79	JIGIX	John Hancock Interna	Pair Corr
0.65	ARMGX	Western Asset Adjustable	Pair Corr
0.78	ARRFX	Amg River Road	Pair Corr
0.63	JCPLX	Johnson Core Plus	Pair Corr
0.91	DBICX	Deutsche Global Macro	Pair Corr
0.78	FAGHX	Faghx	Pair Corr
0.65	PZINX	Pzena International Value	Pair Corr
0.75	PEAPX	International Emerging	Pair Corr
0.62	JSNAX	Jhancock Short Duration	Pair Corr

Related Correlations Analysis

	QCMMIX	SBFAX	MODXX	DVFYX	IVMXX	GCFSX	JHMXX
QCMMIX		0.12	0.0	0.4	0.0	0.75	0.0	QCMMIX
SBFAX	0.12		0.0	0.94	0.0	0.62	0.0	SBFAX
MODXX	0.0	0.0		0.0	0.0	0.0	0.0	MODXX
DVFYX	0.4	0.94	0.0		0.0	0.78	0.0	DVFYX
IVMXX	0.0	0.0	0.0	0.0		0.0	0.0	IVMXX
GCFSX	0.75	0.62	0.0	0.78	0.0		0.0	GCFSX
JHMXX	0.0	0.0	0.0	0.0	0.0	0.0		JHMXX
	QCMMIX	SBFAX	MODXX	DVFYX	IVMXX	GCFSX	JHMXX

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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

DVFYX	+ 0.94	SBFAX
GCFSX	+ 0.78	DVFYX
GCFSX	+ 0.75	QCMMIX
GCFSX	+ 0.62	SBFAX
DVFYX	+ 0.4	QCMMIX
SBFAX	+ 0.12	QCMMIX

High negative correlations

JHMXX	- 0.0	GCFSX
JHMXX	- 0.0	IVMXX
GCFSX	- 0.0	IVMXX
JHMXX	- 0.0	DVFYX
IVMXX	- 0.0	DVFYX
JHMXX	- 0.0	MODXX

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
QCMMIX	0.02	0.01	0.00	(3.86)	0.00	0.00	0.03	0.00	0.03
SBFAX	0.79	0.01	0.00	(0.02)	0.00	0.00	1.69	(1.92)	5.22
MODXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.75	0.04	0.07	(0.41)	1.04	(0.76)	1.80	(2.41)	4.68
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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