Scharf Fund Correlations
| LOGRX Fund | USD 51.37 0.00 0.00% |
The current 90-days correlation between Scharf Fund Retail and Lord Abbett Diversified is 0.31 (i.e., Weak diversification). The correlation of Scharf Fund 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 Fund Correlation With Market
Weak diversification
The correlation between Scharf Fund Retail and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scharf Fund Retail and DJI in the same portfolio, assuming nothing else is changed.
Scharf |
Moving against Scharf Mutual Fund
| 0.32 | ACTVX | Zero Pon 2025 | PairCorr |
| 0.36 | EKIZX | Wells Fargo Adjustable | PairCorr |
| 0.34 | MUAIX | Ultra Short Income | PairCorr |
Related Correlations Analysis
| 0.49 | 0.7 | 0.42 | 0.46 | 0.53 | LIGFX | ||
| 0.49 | 0.95 | 0.85 | 0.94 | 1.0 | CDBCX | ||
| 0.7 | 0.95 | 0.84 | 0.91 | 0.96 | DIFIX | ||
| 0.42 | 0.85 | 0.84 | 0.95 | 0.88 | QDARX | ||
| 0.46 | 0.94 | 0.91 | 0.95 | 0.96 | DLTZX | ||
| 0.53 | 1.0 | 0.96 | 0.88 | 0.96 | ACBPX | ||
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Risk-Adjusted Indicators
There is a big difference between Scharf Mutual Fund performing well and Scharf Fund 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 Fund'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LIGFX | 0.32 | 0.01 | 0.00 | (0.03) | 0.00 | 0.55 | 1.75 | |||
| CDBCX | 0.23 | 0.01 | 0.24 | 0.27 | 0.22 | 0.56 | 1.34 | |||
| DIFIX | 0.28 | 0.02 | 0.16 | 0.01 | 0.35 | 0.58 | 1.51 | |||
| QDARX | 0.08 | 0.04 | 0.89 | 1.36 | 0.00 | 0.25 | 0.49 | |||
| DLTZX | 0.08 | 0.01 | 0.46 | 0.67 | 0.00 | 0.26 | 0.64 | |||
| ACBPX | 0.24 | 0.02 | 0.27 | 0.34 | 0.20 | 0.56 | 1.23 |