Smead International Correlations

Mutual Funds . USA . 
Fund . Smead International Value
SVXCX Fund  USD 55.13  0.23  0.42%   
The current 90-days correlation between Smead International Value and Goldman Sachs Mlp is -0.1 (i.e., Good diversification). The correlation of Smead International 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 International Correlation With Market

Good diversification

The correlation between Smead International Value and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead International Value 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 International 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 main economic indicators.

Moving together with Smead Mutual Fund

  1.0SVXFX Smead Funds TrustPairCorr
  1.0SVXAX Smead Funds TrustPairCorr
  1.0SVXLX Smead Funds TrustPairCorr
  0.89DOXFX Dodge Cox InternationalPairCorr
  0.86OANIX Oakmark InternationalPairCorr
  0.89DODFX Dodge International StockPairCorr
  0.87OAKIX Oakmark InternationalPairCorr
  0.86OAYIX Oakmark InternationalPairCorr
  0.86OAZIX Oakmark InternationalPairCorr
  0.87FINVX Fidelity Series IntePairCorr
  0.82VTRIX Vanguard InternationalPairCorr
  0.86RRIGX T Rowe PricePairCorr
  0.89VGTSX Vanguard Total InterPairCorr
  0.89VTIAX Vanguard Total InterPairCorr
  0.81PIIMX International EmergingPairCorr
  0.78MLPTX Oppenheimer Steelpath MlpPairCorr
  0.69THCAX Thornburg Core PlusPairCorr
  0.83AGVCX Invesco GovernmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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