Leuthold Global Correlations

Mutual Funds . USA . 
Fund . Leuthold Global Fund
GLBLX Fund  USD 8.92  0.03  0.34%   
The current 90-days correlation between Leuthold Global and T Rowe Price 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 0.66 (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

  1.0GLBIX Leuthold GlobalPairCorr
  0.86LSLTX Leuthold Select InduPairCorr
  0.94LCORX Leuthold E InvestmentPairCorr
  0.94LCRIX Leuthold E InvestmentPairCorr
  0.82RIRAX Capital Income BuilderPairCorr
  0.9RIREX Capital Income BuilderPairCorr
  0.82RIRCX Capital Income BuilderPairCorr
  0.9RIRFX Capital Income BuilderPairCorr
  0.82CIRCX Capital Income BuilderPairCorr
  0.9CIREX Capital Income BuilderPairCorr
  0.9RIRBX Capital Income BuilderPairCorr
  0.9CAIFX Capital Income BuilderPairCorr
  0.9CIRFX Capital Income BuilderPairCorr
  0.9CIRAX Capital Income BuilderPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.73VFFSX Vanguard 500 IndexPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.81VTISX Vanguard Total InterPairCorr
  0.87VTSNX Vanguard Total InterPairCorr
  0.87VTPSX Vanguard Total InterPairCorr
  0.76VINIX Vanguard InstitutionalPairCorr
  0.79VTSAX Vanguard Total StockPairCorr
  0.73BNDIX Total Return BondPairCorr
  0.79DBELX Doubleline EmergingPairCorr
  0.8TTSMX Tennessee Tax FreePairCorr
  0.88ICERX Mainstay Epoch InterPairCorr
  0.76JIESX Jpmorgan InternationalPairCorr
  0.73FBMPX Multimedia PortfolioPairCorr
  0.74ECDAX Ashmore Emerging MarketsPairCorr
  0.8TECIX T Rowe PricePairCorr
  0.8MKHCX Mainstay High YieldPairCorr

Moving against Leuthold Mutual Fund

  0.74GRZZX Grizzly ShortPairCorr

Related Correlations Analysis

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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.

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