Leigh Baldwin Correlations
| LEBOX Fund | USD 10.69 0.00 0.00% |
The current 90-days correlation between Leigh Baldwin Total and Crossmark Steward Equity is -0.17 (i.e., Good diversification). The correlation of Leigh Baldwin 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.
Leigh Baldwin Correlation With Market
Significant diversification
The correlation between Leigh Baldwin Total and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leigh Baldwin Total and DJI in the same portfolio, assuming nothing else is changed.
Leigh |
Moving against Leigh Mutual Fund
| 0.32 | UGPIX | Ultrachina Profund | PairCorr |
| 0.31 | UGPSX | Ultrachina Profund | PairCorr |
| 0.61 | ACP | Aberdeen Income Credit | PairCorr |
| 0.48 | FTIAX | Federated Short Term | PairCorr |
| 0.41 | LTMIX | Thornburg Limited Term | PairCorr |
| 0.4 | PMSTX | Virtus Multi Sector | PairCorr |
| 0.4 | PSCAX | Palmer Square Ssi | PairCorr |
| 0.39 | BSIIX | Blackrock Strategic | PairCorr |
| 0.37 | MWUSX | Metropolitan West Ultra | PairCorr |
| 0.33 | RPSIX | Spectrum Income | PairCorr |
| 0.32 | TEMFX | Templeton Foreign | PairCorr |
| 0.61 | PYBLX | Payden Floating Rate | PairCorr |
| 0.58 | CVSIX | Calamos Market Neutral | PairCorr |
| 0.58 | FRPDX | Fidelity Sai Alternative | PairCorr |
| 0.49 | SCFCX | Shenkman Short Duration | PairCorr |
| 0.48 | RSDYX | Victory Incore Low | PairCorr |
| 0.44 | SCFFX | Shenkman Short Duration | PairCorr |
Related Correlations Analysis
| 0.55 | 0.51 | 0.18 | 0.52 | 0.41 | 0.64 | SMNIX | ||
| 0.55 | 0.99 | 0.78 | 0.99 | 0.8 | 0.82 | TRWIX | ||
| 0.51 | 0.99 | 0.81 | 0.99 | 0.82 | 0.82 | PIEQX | ||
| 0.18 | 0.78 | 0.81 | 0.8 | 0.68 | 0.57 | GMADX | ||
| 0.52 | 0.99 | 0.99 | 0.8 | 0.83 | 0.83 | DODFX | ||
| 0.41 | 0.8 | 0.82 | 0.68 | 0.83 | 0.86 | SPRDX | ||
| 0.64 | 0.82 | 0.82 | 0.57 | 0.83 | 0.86 | SCXIX | ||
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Risk-Adjusted Indicators
There is a big difference between Leigh Mutual Fund performing well and Leigh Baldwin 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 Leigh Baldwin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMNIX | 0.45 | 0.00 | 0.24 | (0.14) | 0.44 | 1.00 | 2.62 | |||
| TRWIX | 0.70 | 0.06 | 0.16 | (0.37) | 1.00 | 1.99 | 5.45 | |||
| PIEQX | 0.64 | 0.03 | 0.17 | (0.25) | 0.82 | 1.16 | 4.73 | |||
| GMADX | 0.71 | (0.05) | 0.00 | 0.06 | 0.00 | 1.25 | 11.02 | |||
| DODFX | 0.64 | 0.04 | 0.18 | (0.42) | 0.82 | 1.24 | 4.77 | |||
| SPRDX | 0.68 | (0.05) | 0.00 | 0.22 | 0.00 | 1.35 | 4.91 | |||
| SCXIX | 0.25 | (0.01) | 0.00 | (0.23) | 0.00 | 0.64 | 1.51 |