Leuthold Select Correlations

LSLTX Fund

USD 34.80 0.00 0.00%

The current 90-days correlation between Leuthold Select Indu and 1919 Financial Services is 0.59 (i.e., Very weak diversification). The correlation of Leuthold Select 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 Select Correlation With Market

Very weak diversification

The correlation between Leuthold Select Industries and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold Select Industries 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 Select Industries. 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 estimate.

Moving together with LEUTHOLD Mutual Fund

0.86	GLBIX	Leuthold Global	Pair Corr
0.86	GLBLX	Leuthold Global	Pair Corr
0.89	LCORX	Leuthold E Investment	Pair Corr
0.89	LCRIX	Leuthold E Investment	Pair Corr
0.65	VTSAX	Vanguard Total Stock	Pair Corr
0.65	VTSMX	Vanguard Total Stock	Pair Corr
0.63	VITSX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.63	VSTSX	Vanguard Total Stock	Pair Corr
0.63	VFFSX	Vanguard 500 Index	Pair Corr
0.73	VINIX	Vanguard Institutional	Pair Corr
0.73	VIIIX	Vanguard Institutional	Pair Corr
0.61	CRF	Cornerstone Strategic	Pair Corr
0.86	USA	Liberty All Star	Pair Corr
0.67	NFJ	Virtus Dividend Interest	Pair Corr
0.62	FCFBX	Fidelity Advisor Freedom	Pair Corr
0.76	OWMBX	Old Westbury Municipal	Pair Corr
0.8	BCPIX	Brandes E Plus	Pair Corr
0.79	LCRYX	Lord Abbett E	Pair Corr
0.62	ELBCX	Ashmore Emerging Markets	Pair Corr

Moving against LEUTHOLD Mutual Fund

0.78

GRZZX

Grizzly Short

Pair Corr

Related Correlations Analysis

	SBFAX	FIKBX	RMBLX	GCFSX	IAAEX	ICFAX	DVFYX	MCBXX
SBFAX		0.82	0.86	0.35	0.8	0.77	0.67	0.0	SBFAX
FIKBX	0.82		0.91	0.65	0.75	0.59	0.85	0.0	FIKBX
RMBLX	0.86	0.91		0.43	0.87	0.65	0.7	0.0	RMBLX
GCFSX	0.35	0.65	0.43		0.15	0.12	0.89	0.0	GCFSX
IAAEX	0.8	0.75	0.87	0.15		0.65	0.48	0.0	IAAEX
ICFAX	0.77	0.59	0.65	0.12	0.65		0.37	0.0	ICFAX
DVFYX	0.67	0.85	0.7	0.89	0.48	0.37		0.0	DVFYX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MCBXX
	SBFAX	FIKBX	RMBLX	GCFSX	IAAEX	ICFAX	DVFYX	MCBXX

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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

RMBLX	+ 0.91	FIKBX
DVFYX	+ 0.89	GCFSX
IAAEX	+ 0.87	RMBLX
RMBLX	+ 0.86	SBFAX
DVFYX	+ 0.85	FIKBX
FIKBX	+ 0.82	SBFAX

High negative correlations

MCBXX	- 0.0	DVFYX
MCBXX	- 0.0	ICFAX
MCBXX	- 0.0	IAAEX
MCBXX	- 0.0	GCFSX
MCBXX	- 0.0	RMBLX
MCBXX	- 0.0	FIKBX

Risk-Adjusted Indicators

There is a big difference between LEUTHOLD Mutual Fund performing well and Leuthold Select 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 Select'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
SBFAX	0.79	(0.16)	0.00	(0.20)	0.00	0.00	1.29	(1.47)	10.43
FIKBX	0.70	(0.06)	0.00	(0.07)	0.00	0.00	1.22	(1.66)	4.79
RMBLX	1.01	(0.10)	0.00	(0.10)	0.00	0.00	1.64	(2.07)	6.47
GCFSX	0.59	0.05	0.05	(0.82)	0.80	(0.63)	1.08	(1.30)	3.58
IAAEX	0.67	(0.11)	0.00	(0.37)	0.00	0.00	1.20	(1.08)	9.17
ICFAX	0.90	(0.20)	0.00	(0.26)	0.00	0.00	1.41	(2.10)	15.93
DVFYX	0.75	(0.05)	0.00	4.15	0.00	0.00	1.42	(2.39)	4.43
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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