Lsv Us Correlations

LSVMX Fund

USD 10.57 0.02 0.19%

The current 90-days correlation between Lsv Managed Volatility and Fbjygx is 0.13 (i.e., Average diversification). The correlation of Lsv Us 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 Us Correlation With Market

Average diversification

The correlation between Lsv Managed Volatility and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsv Managed Volatility 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 Managed Volatility. 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 population.

Moving together with Lsv Mutual Fund

0.95	LSVFX	Lsv Global Managed	Pair Corr
0.64	LSVEX	Lsv Value Equity	Pair Corr
0.87	LSVVX	Lsv Servative Value	Pair Corr
0.64	LVAEX	Lsv Value Equity	Pair Corr
0.95	LVAFX	Lsv Global Managed	Pair Corr
1.0	LVAMX	Lsv Managed Volatility	Pair Corr
0.87	LVAVX	Lsv Servative Value	Pair Corr

Related Correlations Analysis

	FBJYGX	FURYAX	WMCANX	CPUCX	RTIUX	FTUFOX	ABVCX
FBJYGX		-0.27	0.11	0.7	0.73	0.76	-0.08	FBJYGX
FURYAX	-0.27		0.87	-0.16	-0.09	-0.31	0.91	FURYAX
WMCANX	0.11	0.87		0.17	0.22	0.03	0.89	WMCANX
CPUCX	0.7	-0.16	0.17		0.87	0.85	0.17	CPUCX
RTIUX	0.73	-0.09	0.22	0.87		0.65	0.24	RTIUX
FTUFOX	0.76	-0.31	0.03	0.85	0.65		-0.09	FTUFOX
ABVCX	-0.08	0.91	0.89	0.17	0.24	-0.09		ABVCX
	FBJYGX	FURYAX	WMCANX	CPUCX	RTIUX	FTUFOX	ABVCX

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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

ABVCX	+ 0.91	FURYAX
ABVCX	+ 0.89	WMCANX
WMCANX	+ 0.87	FURYAX
RTIUX	+ 0.87	CPUCX
FTUFOX	+ 0.85	CPUCX
FTUFOX	+ 0.76	FBJYGX

High negative correlations

FTUFOX	- 0.31	FURYAX
FURYAX	- 0.27	FBJYGX
CPUCX	- 0.16	FURYAX
ABVCX	- 0.09	FTUFOX
RTIUX	- 0.09	FURYAX
ABVCX	- 0.08	FBJYGX

Risk-Adjusted Indicators

There is a big difference between Lsv Mutual Fund performing well and Lsv Us 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 Us' 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
FBJYGX	0.71	0.13	0.18	(0.73)	0.79	(0.73)	1.84	(1.37)	5.64
FURYAX	0.70	0.02	0.04	0.00	0.82	(0.78)	1.21	(1.39)	2.96
WMCANX	0.61	0.04	0.06	0.03	0.75	(0.67)	1.37	(1.29)	3.48
CPUCX	0.26	0.00	0.12	0.01	0.26	(0.31)	0.44	(0.54)	1.45
RTIUX	0.61	0.07	0.12	(0.48)	0.76	(0.66)	1.47	(1.45)	5.02
FTUFOX	0.10	0.00	0.30	0.10	0.04	(0.10)	0.20	(0.19)	0.60
ABVCX	0.68	0.01	0.00	(0.02)	0.00	0.00	1.38	(1.63)	3.68

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