Leuthold Core Correlations

LCRIX Fund

USD 21.34 0.16 0.76%

The current 90-days correlation between Leuthold E Investment and Leuthold E Investment is 1.0 (i.e., No risk reduction). The correlation of Leuthold Core 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 Core Correlation With Market

Poor diversification

The correlation between Leuthold E Investment and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold E Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leuthold E Investment. 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

1.0	LCORX	Leuthold E Investment	Pair Corr
0.84	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VINIX	Vanguard Institutional	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr

Moving against Leuthold Mutual Fund

0.88	GRZZX	Grizzly Short	Pair Corr
0.84	UIPIX	Ultrashort Mid Cap	Pair Corr
0.33	AMUSX	Us Government Securities	Pair Corr

Related Correlations Analysis

	LCORX	LSLTX	HWSCX	CMAAX	HWAIX
LCORX		0.33	0.86	0.83	0.61	LCORX
LSLTX	0.33		0.05	0.55	0.77	LSLTX
HWSCX	0.86	0.05		0.69	0.33	HWSCX
CMAAX	0.83	0.55	0.69		0.79	CMAAX
HWAIX	0.61	0.77	0.33	0.79		HWAIX
	LCORX	LSLTX	HWSCX	CMAAX	HWAIX

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Risk-Adjusted Indicators

There is a big difference between Leuthold Mutual Fund performing well and Leuthold Core 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 Core'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
LCORX	0.47	(0.03)	0.00	(0.08)	0.00	0.00	0.89	(1.21)	2.84
LSLTX	0.25	(0.01)	0.02	0.74	0.52	(0.69)	0.96	(0.88)	3.00
HWSCX	0.91	(0.17)	0.00	5.85	0.00	0.00	1.62	(2.11)	4.55
CMAAX	0.50	(0.02)	0.00	(0.07)	0.00	0.00	0.91	(1.17)	2.78
HWAIX	0.75	0.05	0.06	0.03	0.98	(0.76)	1.45	(1.64)	4.49

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