Leuthold Select Correlations

LSLTX Fund

USD 34.80 0.00 0.00%

The current 90-days correlation between Leuthold Select Indu and Lifestyle Ii Moderate is 0.21 (i.e., Modest 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

Good diversification

The correlation between Leuthold Select Industries and DJI is -0.03 (i.e., Good 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

0.88	GLBIX	Leuthold Global	Pair Corr
0.88	GLBLX	Leuthold Global	Pair Corr
0.7	GPBFX	Gmo E Plus	Pair Corr
0.81	WARCX	Wells Fargo Advantage	Pair Corr
0.73	PZINX	Pzena International Value	Pair Corr
0.74	JSNAX	Jhancock Short Duration	Pair Corr
0.84	EGRAX	Eaton Vance Global	Pair Corr
0.61	QNZNX	Aqr Sustainable Long	Pair Corr
0.7	PEAPX	International Emerging	Pair Corr
0.87	ARRFX	Amg River Road	Pair Corr
0.69	JOEAX	Johcm Emerging Markets	Pair Corr
0.92	DBICX	Deutsche Global Macro	Pair Corr
0.79	EKHCX	Wells Fargo High	Pair Corr
0.8	JIGIX	John Hancock Interna	Pair Corr
0.69	RIBIX	Rbc Impact Bond	Pair Corr
0.66	FHNFX	Fidelity Series Gove	Pair Corr
0.8	GOIGX	John Hancock Interna	Pair Corr
0.69	PMZPX	Pimco Mortgage Oppor	Pair Corr
0.69	JOEIX	Johcm Emerging Markets	Pair Corr

Moving against Leuthold Mutual Fund

0.83	PQTAX	Pimco Trends Managed	Pair Corr
0.83	PQTNX	Pimco Trends Managed	Pair Corr
0.83	PQTIX	Aa Pimco Tr	Pair Corr
0.46	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	JLMOX	FHRVX	BTRIX	TPILX	ARTOX	TBLDX	TBLWX	SMSDX
JLMOX		0.88	0.58	0.99	0.83	0.89	0.84	0.83	JLMOX
FHRVX	0.88		0.82	0.83	0.86	0.88	0.8	0.98	FHRVX
BTRIX	0.58	0.82		0.48	0.5	0.47	0.33	0.89	BTRIX
TPILX	0.99	0.83	0.48		0.84	0.9	0.87	0.77	TPILX
ARTOX	0.83	0.86	0.5	0.84		0.96	0.95	0.76	ARTOX
TBLDX	0.89	0.88	0.47	0.9	0.96		0.99	0.79	TBLDX
TBLWX	0.84	0.8	0.33	0.87	0.95	0.99		0.69	TBLWX
SMSDX	0.83	0.98	0.89	0.77	0.76	0.79	0.69		SMSDX
	JLMOX	FHRVX	BTRIX	TPILX	ARTOX	TBLDX	TBLWX	SMSDX

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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
JLMOX	0.31	0.01	0.04	0.04	0.32	(0.36)	0.64	(0.54)	1.75
FHRVX	0.29	0.01	0.03	(0.08)	0.37	(0.29)	0.56	(0.61)	1.71
BTRIX	0.20	0.00	0.03	(0.08)	0.19	(0.26)	0.44	(0.44)	1.22
TPILX	0.30	0.00	0.02	0.01	0.35	(0.31)	0.61	(0.61)	1.77
ARTOX	0.33	(0.02)	0.00	0.18	0.00	0.00	0.63	(0.88)	2.01
TBLDX	0.38	0.00	0.00	0.03	0.54	(0.36)	0.70	(0.80)	2.12
TBLWX	0.48	(0.01)	(0.01)	0.06	0.70	(0.45)	0.97	(0.96)	2.81
SMSDX	0.22	0.02	0.06	(0.22)	0.26	(0.26)	0.43	(0.51)	1.30

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