Smead Value Correlations

Mutual Funds . USA . 
Fund . Smead Value Fund
SVFKX Fund  USD 77.06  0.44  0.57%   
The current 90-days correlation between Smead Value Fund and Smead Value Fund is 1.0 (i.e., No risk reduction). The correlation of Smead 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.

Smead Value Correlation With Market

Poor diversification

The correlation between Smead Value Fund and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead Value Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smead Value Fund. 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 industry.

Moving together with Smead Mutual Fund

  1.0SVFAX Smead Value FundPairCorr
  1.0SVFCX Smead Value FundPairCorr
  1.0SVFDX Smead Value FundPairCorr
  1.0SVFFX Smead Value FundPairCorr
  1.0SVFYX Smead Value FundPairCorr
  1.0SMVLX Smead Value FundPairCorr
  0.9ASG Liberty All StarPairCorr
  0.88CII Blackrock EnhancedPairCorr
  0.86ETV Eaton Vance TaxPairCorr
  0.84CLM Cornerstone Strategic Potential GrowthPairCorr
  0.85CRF Cornerstone StrategicPairCorr
  0.92USA Liberty All StarPairCorr
  0.75ETY Eaton Vance TaxPairCorr
  0.81NFJ Virtus Dividend InterestPairCorr

Moving against Smead Mutual Fund

  0.63FSUGX American Funds GovernmentPairCorr
  0.61TRIGX T Rowe PricePairCorr
  0.61HIMZX Virtus Low DurationPairCorr
  0.51REMVX Rbc Emerging MarketsPairCorr
  0.43MFIRX Ms Global FixedPairCorr
  0.41LIFAX Lord Abbett InflationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Smead Mutual Fund performing well and Smead 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 Smead 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.

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