Laudus International Correlations

SWMIX Fund

USD 20.96 0.25 1.18%

The current 90-days correlation between Laudus International and Prudential Emerging Markets is 0.68 (i.e., Poor diversification). The correlation of Laudus 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.

Laudus International Correlation With Market

Poor diversification

The correlation between Laudus International Marketmas and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Laudus International Marketmas 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 Laudus International Marketmasters. 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 gross domestic product.

Moving together with Laudus Mutual Fund

0.83	SWAGX	Schwab Aggregate Bond	Pair Corr
0.73	SWASX	Schwab Global Real	Pair Corr
0.71	SWDSX	Schwab Dividend Equity	Pair Corr
0.98	SWISX	Schwab International	Pair Corr
0.89	SWHFX	Schwab Health Care	Pair Corr
0.92	SWKRX	Schwab Monthly Income	Pair Corr
0.94	SWJRX	Schwab Monthly Income	Pair Corr
0.9	SWLRX	Schwab Monthly Income	Pair Corr
0.88	SWRSX	Schwab Treasury Inflation	Pair Corr
0.81	SWSBX	Schwab Short Term	Pair Corr

Moving against Laudus Mutual Fund

0.47	LGILX	Laudus Large Cap	Pair Corr
0.35	SWANX	Schwab E Equity Potential Growth	Pair Corr
0.45	SWLGX	Schwab Large Cap	Pair Corr
0.41	SWLSX	Schwab Large Cap	Pair Corr
0.49	SWSSX	Schwab Small Cap	Pair Corr
0.49	SWSCX	Schwab Small Cap	Pair Corr

Related Correlations Analysis

	EMDQX	JOEAX	SEDIX	FHKFX	BELSX	BXECX	VIESX	SFGIX
EMDQX		0.86	0.94	0.88	0.88	0.96	0.88	0.89	EMDQX
JOEAX	0.86		0.84	0.98	0.84	0.81	0.95	0.97	JOEAX
SEDIX	0.94	0.84		0.85	0.93	0.96	0.83	0.88	SEDIX
FHKFX	0.88	0.98	0.85		0.84	0.83	0.96	0.97	FHKFX
BELSX	0.88	0.84	0.93	0.84		0.89	0.8	0.9	BELSX
BXECX	0.96	0.81	0.96	0.83	0.89		0.8	0.85	BXECX
VIESX	0.88	0.95	0.83	0.96	0.8	0.8		0.94	VIESX
SFGIX	0.89	0.97	0.88	0.97	0.9	0.85	0.94		SFGIX
	EMDQX	JOEAX	SEDIX	FHKFX	BELSX	BXECX	VIESX	SFGIX

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
EMDQX	0.28	0.04	0.24	0.48	0.14	(0.43)	0.68	(0.45)	1.75
JOEAX	0.83	0.11	0.12	0.16	0.96	(0.85)	1.65	(1.72)	6.33
SEDIX	0.08	0.02	0.44	0.29	0.00	(0.16)	0.21	(0.21)	0.53
FHKFX	0.84	0.09	0.10	0.11	1.05	(0.88)	1.94	(1.85)	5.94
BELSX	0.43	0.06	0.20	0.47	0.45	(0.48)	0.92	(0.88)	2.59
BXECX	0.18	0.05	0.44	(0.88)	0.00	(0.32)	0.55	(0.27)	1.21
VIESX	0.53	0.05	0.11	0.09	0.66	(0.59)	1.31	(1.03)	3.67
SFGIX	0.52	0.07	0.12	0.11	0.76	(0.52)	1.09	(1.55)	4.18

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