Lsv Conservative Correlations

LVAVX Fund

USD 16.34 0.02 0.12%

The current 90-days correlation between Lsv Servative Value and California Bond Fund is -0.33 (i.e., Very good diversification). The correlation of Lsv Conservative 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 Conservative Correlation With Market

Almost no diversification

The correlation between Lsv Servative Value and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsv Servative Value 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 Servative Value. 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 real.

Moving together with Lsv Mutual Fund

0.77	LSVFX	Lsv Global Managed	Pair Corr
0.78	LSVGX	Lsv Global Value	Pair Corr
0.95	LSVEX	Lsv Value Equity	Pair Corr
0.93	LSVMX	Lsv Managed Volatility	Pair Corr
0.93	LSVQX	Lsv Small Cap	Pair Corr
1.0	LSVVX	Lsv Servative Value	Pair Corr
1.0	LVAEX	Lsv Value Equity	Pair Corr
0.77	LVAFX	Lsv Global Managed	Pair Corr
0.77	LVAGX	Lsv Global Value	Pair Corr
0.97	LVAMX	Lsv Managed Volatility	Pair Corr
0.88	LVAQX	Lsv Small Cap	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.93	DOXGX	Dodge Cox Stock	Pair Corr
0.88	AFMFX	American Mutual	Pair Corr
0.82	FFMMX	American Funds American	Pair Corr
0.82	FFFMX	American Funds American	Pair Corr
0.87	AMRMX	American Mutual	Pair Corr
0.82	AMFFX	American Mutual	Pair Corr
0.81	AMFCX	American Mutual	Pair Corr
0.98	DODGX	Dodge Stock Fund	Pair Corr
0.97	VIVAX	Vanguard Value Index	Pair Corr
0.92	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.92	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.92	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	LETRX	Voya Russia Fund	Pair Corr
0.89	KINAX	Kinetics Internet	Pair Corr
0.92	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.92	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.9	KINCX	Kinetics Internet	Pair Corr
0.95	HSTIX	Stock Index Fund	Pair Corr
0.97	VEXRX	Vanguard Explorer	Pair Corr
0.96	USA	Liberty All Star	Pair Corr
0.73	STBJX	Sierra Tactical Bond	Pair Corr
0.89	PEO	Adams Natural Resources	Pair Corr

Related Correlations Analysis

	USCBX	RUSIX	MFIRX	RHYKX	VWALX	PBXIX	PRVBX
USCBX		-0.07	0.62	0.07	0.81	0.02	0.17	USCBX
RUSIX	-0.07		0.2	0.94	-0.08	0.84	0.55	RUSIX
MFIRX	0.62	0.2		0.38	0.72	0.25	0.76	MFIRX
RHYKX	0.07	0.94	0.38		0.06	0.9	0.65	RHYKX
VWALX	0.81	-0.08	0.72	0.06		-0.07	0.32	VWALX
PBXIX	0.02	0.84	0.25	0.9	-0.07		0.5	PBXIX
PRVBX	0.17	0.55	0.76	0.65	0.32	0.5		PRVBX
	USCBX	RUSIX	MFIRX	RHYKX	VWALX	PBXIX	PRVBX

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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

RHYKX	+ 0.94	RUSIX
PBXIX	+ 0.9	RHYKX
PBXIX	+ 0.84	RUSIX
VWALX	+ 0.81	USCBX
PRVBX	+ 0.76	MFIRX
VWALX	+ 0.72	MFIRX

High negative correlations

VWALX	- 0.08	RUSIX
PBXIX	- 0.07	VWALX
RUSIX	- 0.07	USCBX

Risk-Adjusted Indicators

There is a big difference between Lsv Mutual Fund performing well and Lsv Conservative 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 Conservative'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
USCBX	0.16	0.02	(0.24)	(0.09)	0.22	(0.23)	0.39	(0.29)	1.74
RUSIX	0.04	0.01	0.00	(1.09)	0.00	0.00	0.10	0.00	0.50
MFIRX	0.09	0.00	(0.47)	0.21	0.00	(0.23)	0.19	(0.19)	0.76
RHYKX	0.15	0.04	(0.34)	(2.69)	0.00	(0.29)	0.37	(0.19)	1.30
VWALX	0.16	0.00	(0.26)	0.08	0.25	(0.22)	0.37	(0.37)	1.68
PBXIX	0.31	0.09	(0.05)	1.17	0.00	(0.41)	0.87	(0.55)	1.94
PRVBX	0.09	0.00	(0.87)	0.49	0.00	(0.10)	0.20	(0.20)	0.53

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