Lateef Focused Correlations

LIMAX Fund

USD 7.05 0.13 1.81%

The current 90-days correlation between Lateef Focused Growth and Lateef Focused Growth is 0.2 (i.e., Modest diversification). The correlation of Lateef Focused 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.

Lateef Focused Correlation With Market

Modest diversification

The correlation between Lateef Focused Growth and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lateef Focused Growth 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 Lateef Focused Growth. 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 nation.

Moving together with Lateef Mutual Fund

0.91	LIMIX	Lateef Focused Growth	Pair Corr
0.74	FAFGX	American Funds	Pair Corr
0.74	FFAFX	American Funds	Pair Corr
0.82	GFACX	Growth Fund	Pair Corr
0.85	GFAFX	Growth Fund	Pair Corr
0.76	AGTHX	Growth Fund	Pair Corr
0.84	CGFFX	Growth Fund	Pair Corr
0.72	CGFCX	Growth Fund	Pair Corr
0.84	CGFAX	Growth Fund	Pair Corr
0.85	CGFEX	Growth Fund	Pair Corr
0.85	RGAEX	Growth Fund	Pair Corr
0.65	FSMMX	Fs Multi Strategy	Pair Corr
0.72	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.71	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.88	VSMAX	Vanguard Small Cap	Pair Corr
0.85	PBSIX	Polen Small Pany	Pair Corr
0.86	VFFSX	Vanguard 500 Index	Pair Corr
0.63	FCNTX	Fidelity Contrafund	Pair Corr
0.77	FZROX	Fidelity Zero Total	Pair Corr
0.67	PRGTX	T Rowe Price	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSAX	Vanguard Total Stock	Pair Corr
0.66	HACAX	Harbor Capital Appre	Pair Corr

Moving against Lateef Mutual Fund

0.4

FMFFX

Fs Managed Futures

Pair Corr

Related Correlations Analysis

	LIMAX	LIMIX	VFINX	VSMAX	DRGTX	VTSAX	FOCIX	VFFSX	VFIAX	VBIAX
LIMAX		0.91	0.73	0.88	0.48	0.86	0.75	0.86	0.73	0.79	LIMAX
LIMIX	0.91		0.86	0.93	0.62	0.83	0.74	0.83	0.86	0.9	LIMIX
VFINX	0.73	0.86		0.89	0.91	0.92	0.83	0.92	1.0	0.97	VFINX
VSMAX	0.88	0.93	0.89		0.68	0.9	0.9	0.88	0.89	0.93	VSMAX
DRGTX	0.48	0.62	0.91	0.68		0.81	0.71	0.82	0.91	0.83	DRGTX
VTSAX	0.86	0.83	0.92	0.9	0.81		0.9	1.0	0.92	0.91	VTSAX
FOCIX	0.75	0.74	0.83	0.9	0.71	0.9		0.87	0.83	0.82	FOCIX
VFFSX	0.86	0.83	0.92	0.88	0.82	1.0	0.87		0.92	0.91	VFFSX
VFIAX	0.73	0.86	1.0	0.89	0.91	0.92	0.83	0.92		0.97	VFIAX
VBIAX	0.79	0.9	0.97	0.93	0.83	0.91	0.82	0.91	0.97		VBIAX
	LIMAX	LIMIX	VFINX	VSMAX	DRGTX	VTSAX	FOCIX	VFFSX	VFIAX	VBIAX

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Risk-Adjusted Indicators

There is a big difference between Lateef Mutual Fund performing well and Lateef Focused 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 Lateef Focused'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
LIMAX	0.78	0.05	0.03	0.19	1.03	(0.80)	1.62	(1.46)	5.84
LIMIX	0.77	0.04	0.02	0.33	1.00	(0.79)	1.60	(1.43)	5.62
VFINX	0.56	0.06	0.05	1.12	0.74	(0.56)	1.10	(1.10)	5.48
VSMAX	0.75	0.05	0.04	0.36	0.96	(0.82)	1.61	(1.19)	8.23
DRGTX	0.96	0.16	0.09	(11.82)	1.33	(0.96)	2.20	(2.11)	7.49
VTSAX	0.59	0.07	0.06	0.41	0.77	(0.62)	1.12	(1.13)	5.94
FOCIX	0.39	0.07	0.12	0.85	0.32	(0.44)	0.73	(0.72)	4.31
VFFSX	0.56	0.06	0.05	0.41	0.75	(0.57)	1.10	(1.10)	5.48
VFIAX	0.56	0.06	0.05	1.12	0.74	(0.56)	1.10	(1.10)	5.48
VBIAX	0.39	0.01	(0.01)	0.26	0.55	(0.40)	0.74	(0.77)	3.62

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