Smead Funds Correlations

Mutual Funds . USA . 
Fund . Smead Funds Trust
SVXLX Fund  USD 55.95  0.10  0.18%   
The current 90-days correlation between Smead Funds Trust and California Bond Fund is -0.11 (i.e., Good diversification). The correlation of Smead Funds 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 Funds Correlation With Market

Good diversification

The correlation between Smead Funds Trust and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead Funds Trust 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 Funds Trust. 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 Smead Mutual Fund

  1.0SVXYX Smead International ValuePairCorr
  1.0SVXAX Smead Funds TrustPairCorr
  0.85DOXFX Dodge Cox InternationalPairCorr
  0.76OANIX Oakmark InternationalPairCorr
  0.79DODFX Dodge International StockPairCorr
  0.68OAKIX Oakmark InternationalPairCorr
  0.76OAYIX Oakmark InternationalPairCorr
  0.76OAZIX Oakmark InternationalPairCorr
  0.64FINVX Fidelity Series IntePairCorr
  0.83VTRIX Vanguard InternationalPairCorr
  0.75RRIGX T Rowe PricePairCorr
  0.73VGTSX Vanguard Total InterPairCorr
  0.73VTIAX Vanguard Total InterPairCorr

Moving against Smead Mutual Fund

  0.43VTSAX Vanguard Total StockPairCorr
  0.39VFIAX Vanguard 500 IndexPairCorr
  0.63BTCVX Cboe Vest BitcoinPairCorr
  0.43VTSMX Vanguard Total StockPairCorr
  0.43VSMPX Vanguard Total StockPairCorr
  0.43VSTSX Vanguard Total StockPairCorr
  0.42VITSX Vanguard Total StockPairCorr
  0.42FZROX Fidelity Zero TotalPairCorr
  0.4VFFSX Vanguard 500 IndexPairCorr
  0.39VFINX Vanguard 500 IndexPairCorr
  0.38ELFNX Elfun Trusts ElfunPairCorr
  0.36FIVUX First Investors OppoPairCorr

Related Correlations Analysis

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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   
BIDPX
+ 0.97
MDMTX
PRFHX
+ 0.94
USCBX
BIDPX
+ 0.9
PRFHX
BIDPX
+ 0.88
USCBX
MDMTX
+ 0.87
PRFHX
MDMTX
+ 0.85
USCBX
  
High negative correlations   
AGRXX
- 0.0
BIDPX
AGRXX
- 0.0
MDMTX
AGRXX
- 0.0
PRFHX
AGRXX
- 0.0
MSTBX
AGRXX
- 0.0
USCBX

Risk-Adjusted Indicators

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