Litman Gregory Correlations

MSILX Fund

USD 18.29 0.01 0.05%

The current 90-days correlation between Litman Gregory Masters and Litman Gregory Masters is -0.01 (i.e., Good diversification). The correlation of Litman Gregory 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.

Litman Gregory Correlation With Market

Weak diversification

The correlation between Litman Gregory Masters and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Litman Gregory Masters 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 Litman Gregory Masters. 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 bureau of economic analysis.

Moving together with Litman Mutual Fund

0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.89	VTSNX	Vanguard Total Inter	Pair Corr
0.89	VTPSX	Vanguard Total Inter	Pair Corr
0.89	VTISX	Vanguard Total Inter	Pair Corr
0.92	VTMGX	Vanguard Developed	Pair Corr
0.96	VDVIX	Vanguard Developed	Pair Corr
0.91	VTMNX	Vanguard Developed	Pair Corr
0.96	VDIPX	Vanguard Developed	Pair Corr
0.92	FSPSX	Fidelity International	Pair Corr

Moving against Litman Mutual Fund

0.81	KNPYX	Kinetics Paradigm	Pair Corr
0.81	LSHCX	Horizon Spin Off Downward Rally	Pair Corr
0.81	WWNPX	Kinetics Paradigm	Pair Corr
0.81	KNPCX	Kinetics Paradigm	Pair Corr
0.8	KMKCX	Kinetics Market Oppo	Pair Corr
0.77	LSHUX	Horizon Spin Off Downward Rally	Pair Corr
0.77	KNPAX	Kinetics Paradigm	Pair Corr
0.76	KMKAX	Kinetics Market Oppo	Pair Corr
0.71	LETRX	Voya Russia Fund	Pair Corr
0.64	PFSVX	Imgp Sbh Focused	Pair Corr
0.4	SMPSX	Semiconductor Ultrasector	Pair Corr
0.74	CLM	Cornerstone Strategic	Pair Corr
0.72	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.65	FGRIX	Fidelity Growth Income	Pair Corr
0.61	FIVUX	First Investors Oppo	Pair Corr
0.6	AMGOX	Alger Mid Cap	Pair Corr
0.56	FZROX	Fidelity Zero Total	Pair Corr
0.55	GRFXX	Money Market Obligations	Pair Corr
0.54	VFINX	Vanguard 500 Index	Pair Corr
0.54	VFIAX	Vanguard 500 Index	Pair Corr
0.5	ELFNX	Elfun Trusts Elfun	Pair Corr
0.44	FGB	First Trust Specialty	Pair Corr
0.44	ACP	Aberdeen Income Credit	Pair Corr
0.34	FSUTX	Utilities Portfolio	Pair Corr
0.33	GVCAX	Gabelli Value	Pair Corr

Related Correlations Analysis

	MAHIX	MASFX	MSEFX	MSILX	POIVX	IDMIX
MAHIX		0.43	0.0	-0.49	-0.62	-0.32	MAHIX
MASFX	0.43		0.0	0.26	-0.37	0.42	MASFX
MSEFX	0.0	0.0		0.0	0.0	0.0	MSEFX
MSILX	-0.49	0.26	0.0		0.15	0.76	MSILX
POIVX	-0.62	-0.37	0.0	0.15		0.26	POIVX
IDMIX	-0.32	0.42	0.0	0.76	0.26		IDMIX
	MAHIX	MASFX	MSEFX	MSILX	POIVX	IDMIX

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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

IDMIX	+ 0.76	MSILX
MASFX	+ 0.43	MAHIX
IDMIX	+ 0.42	MASFX
MSILX	+ 0.26	MASFX
IDMIX	+ 0.26	POIVX
POIVX	+ 0.15	MSILX

High negative correlations

POIVX	- 0.62	MAHIX
MSILX	- 0.49	MAHIX
POIVX	- 0.37	MASFX
IDMIX	- 0.32	MAHIX
IDMIX	- 0.0	MSEFX
POIVX	- 0.0	MSEFX

Risk-Adjusted Indicators

There is a big difference between Litman Mutual Fund performing well and Litman Gregory 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 Litman Gregory'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
MAHIX	0.07	0.01	(0.65)	0.71	0.00	(0.11)	0.10	(0.10)	0.50
MASFX	0.18	0.00	(0.29)	0.16	0.26	(0.21)	0.28	(0.37)	2.85
MSEFX	0.49	0.03	(0.14)	(0.78)	0.50	(0.57)	0.96	(0.93)	2.77
MSILX	0.65	(0.05)	(0.13)	0.00	0.87	(0.59)	1.12	(1.38)	3.79
POIVX	0.05	(0.03)	0.00	3.64	0.00	0.00	0.00	(0.17)	1.66
IDMIX	0.13	(0.01)	0.00	(1.07)	0.00	0.00	0.30	(0.20)	0.81

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