Scharf Balanced Correlations

Mutual Funds . USA . 
Fund . Scharf Balanced Opportunity
LOGOX Fund  USD 38.54  0.14  0.36%   
The current 90-days correlation between Scharf Balanced Oppo and Us Government Securities is -0.02 (i.e., Good diversification). The correlation of Scharf Balanced 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.

Scharf Balanced Correlation With Market

Very poor diversification

The correlation between Scharf Balanced Opportunity and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scharf Balanced Opportunity 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 Scharf Balanced Opportunity. 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 persons.

Moving together with Scharf Mutual Fund

  0.94WRLDX Scharf Global OpportunityPairCorr
  1.0LOGBX Scharf Balanced OppoPairCorr
  0.99LOGRX Scharf Fund RetailPairCorr
  0.86FBONX American Funds AmericanPairCorr
  0.86FBAFX American Funds AmericanPairCorr
  0.86ABALX American BalancedPairCorr
  0.86BALCX American BalancedPairCorr
  0.86BALFX American BalancedPairCorr
  0.86RLBCX American BalancedPairCorr
  0.85RLBBX American BalancedPairCorr
  0.86CLBAX American BalancedPairCorr
  0.86CLBEX American BalancedPairCorr
  0.86RLBFX American BalancedPairCorr
  0.93AXVIX Acclivity Small CapPairCorr
  0.96WSMRX William Blair SmallPairCorr
  0.97VEIPX Vanguard Equity IncomePairCorr
  0.85QAISX Q3 All WeatherPairCorr
  0.97GMXIX Nationwide Mid CapPairCorr
  0.95GVCIX Gabelli ValPairCorr
  0.92FSLBX Brokerage And InvestmentPairCorr
  0.9FAGIX Fidelity Capital IncomePairCorr
  0.96HNSGX Harbor Small CapPairCorr
  0.97VIVIX Vanguard Value IndexPairCorr
  0.88JFRNX Janus Forty FundPairCorr
  0.95FZROX Fidelity Zero TotalPairCorr
  0.94NDMSX Nationwide InvestorPairCorr
  0.9JAAJX Jhancock Multi IndexPairCorr
  0.76AMHYX Invesco High YieldPairCorr

Moving against Scharf Mutual Fund

  0.52CIFRX Columbia Porate IncomePairCorr
  0.48LIIAX Columbia Porate IncomePairCorr
  0.46SRINX Columbia Porate IncomePairCorr

Related Correlations Analysis

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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   
JGIFX
+ 1.0
RGVCX
UGSFX
+ 1.0
RGVCX
FHNFX
+ 1.0
JGIFX
BIGLX
+ 1.0
JGIFX
UGSFX
+ 1.0
JGIFX
PGIQX
+ 1.0
JGIFX
  
High negative correlations   
DIPXX
- 0.76
FHNFX
DIPXX
- 0.76
JGIFX
PGIQX
- 0.75
DIPXX
UGSFX
- 0.74
DIPXX
BIGLX
- 0.74
DIPXX
DIPXX
- 0.74
RGVCX

Risk-Adjusted Indicators

There is a big difference between Scharf Mutual Fund performing well and Scharf Balanced 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 Scharf Balanced'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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