Lsv Value Correlations

LSVEX Fund

USD 26.11 0.14 0.53%

The current 90-days correlation between Lsv Value Equity and Tiaa Cref Large Cap Value is 0.04 (i.e., Significant diversification). The correlation of Lsv Value 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.

Lsv Value Correlation With Market

Significant diversification

The correlation between Lsv Value Equity and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsv Value Equity 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 Lsv Value Equity. 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 income.

Moving together with Lsv Mutual Fund

0.87	VVIAX	Vanguard Value Index	Pair Corr
0.76	DOXGX	Dodge Cox Stock	Pair Corr
0.79	AFMFX	American Mutual	Pair Corr
0.79	FFMMX	American Funds American	Pair Corr
0.79	FFFMX	American Funds American	Pair Corr
0.79	AMRMX	American Mutual	Pair Corr
0.79	AMFFX	American Mutual	Pair Corr
0.79	AMFCX	American Mutual	Pair Corr
0.76	DODGX	Dodge Stock Fund	Pair Corr
0.87	VIVAX	Vanguard Value Index	Pair Corr
0.74	BAC	Bank of America	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.88	JPM	JPMorgan Chase	Pair Corr
0.69	WMT	Walmart	Pair Corr

Moving against Lsv Mutual Fund

0.8	UIPIX	Ultrashort Mid Cap	Pair Corr
0.78	USPSX	Profunds Ultrashort	Pair Corr
0.77	USPIX	Profunds Ultrashort	Pair Corr
0.42	MRK	Merck Company	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	TRCPX	FMIQX	VAAGX	TALCX	PCLVX	PCPAX	CBLSX
TRCPX		0.85	0.78	0.84	0.73	0.73	0.87	TRCPX
FMIQX	0.85		0.94	0.95	0.75	0.75	0.94	FMIQX
VAAGX	0.78	0.94		0.97	0.59	0.59	0.88	VAAGX
TALCX	0.84	0.95	0.97		0.73	0.73	0.94	TALCX
PCLVX	0.73	0.75	0.59	0.73		1.0	0.88	PCLVX
PCPAX	0.73	0.75	0.59	0.73	1.0		0.89	PCPAX
CBLSX	0.87	0.94	0.88	0.94	0.88	0.89		CBLSX
	TRCPX	FMIQX	VAAGX	TALCX	PCLVX	PCPAX	CBLSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Lsv Mutual Fund performing well and Lsv Value 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 Lsv Value'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
TRCPX	0.66	0.03	0.00	(0.02)	0.00	0.00	1.21	(1.53)	3.55
FMIQX	0.67	(0.02)	0.00	1.18	0.00	0.00	1.17	(1.24)	3.07
VAAGX	0.65	(0.03)	0.00	2.47	0.00	0.00	1.15	(1.18)	3.33
TALCX	0.60	0.00	0.08	0.04	0.76	(0.64)	1.36	(1.14)	3.68
PCLVX	0.57	0.07	0.19	(17.68)	0.59	(0.66)	1.24	(1.16)	3.17
PCPAX	0.57	0.07	0.19	41.64	0.58	(0.67)	1.23	(1.11)	3.20
CBLSX	0.60	0.01	0.10	1.43	0.71	(0.63)	1.17	(1.14)	3.20

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