Liberty All Correlations

USA Fund

USD 6.64 0.05 0.75%

The current 90-days correlation between Liberty All Star and Adams Diversified Equity is 0.77 (i.e., Poor diversification). The correlation of Liberty All 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.

Liberty All Correlation With Market

Poor diversification

The correlation between Liberty All Star and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Liberty All Star 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 Liberty All Star. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Liberty Fund

0.67	TWN	Taiwan Closed	Pair Corr
0.95	CSQ	Calamos Strategic Total	Pair Corr
0.68	STFGX	State Farm Growth	Pair Corr

Moving against Liberty Fund

0.46	BRAMX	Bats Series M	Pair Corr
0.44	FSUGX	American Funds Government	Pair Corr
0.41	TRIGX	T Rowe Price	Pair Corr
0.31	GQJPX	Gqg Partners Interna	Pair Corr
0.48	WLATTX	Wlattx	Pair Corr
0.47	HIO	Western Asset High	Pair Corr
0.44	ACCSX	Access Capital Munity	Pair Corr
0.41	PRAPX	Pimco Total Return	Pair Corr
0.4	HIMZX	Virtus Low Duration	Pair Corr
0.35	SMCHX	Alpssmith Total Return	Pair Corr
0.34	REMVX	Rbc Emerging Markets	Pair Corr
0.31	MIPIX	Matthews Asia Dividend	Pair Corr

Related Correlations Analysis

	ADX	BSTZ	AIO	RVT	NRGX	NBXG	DLY	HGLB	DSL
ADX		0.92	0.88	0.9	0.0	0.94	-0.06	-0.11	0.0	ADX
BSTZ	0.92		0.82	0.9	0.0	0.81	-0.29	-0.36	-0.27	BSTZ
AIO	0.88	0.82		0.86	0.0	0.8	-0.1	-0.24	-0.05	AIO
RVT	0.9	0.9	0.86		0.0	0.78	-0.31	-0.33	-0.26	RVT
NRGX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NRGX
NBXG	0.94	0.81	0.8	0.78	0.0		0.22	0.18	0.28	NBXG
DLY	-0.06	-0.29	-0.1	-0.31	0.0	0.22		0.89	0.93	DLY
HGLB	-0.11	-0.36	-0.24	-0.33	0.0	0.18	0.89		0.91	HGLB
DSL	0.0	-0.27	-0.05	-0.26	0.0	0.28	0.93	0.91		DSL
	ADX	BSTZ	AIO	RVT	NRGX	NBXG	DLY	HGLB	DSL

Click cells to compare fundamentals

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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

NBXG	+ 0.94	ADX
DSL	+ 0.93	DLY
BSTZ	+ 0.92	ADX
DSL	+ 0.91	HGLB
RVT	+ 0.9	ADX
RVT	+ 0.9	BSTZ

High negative correlations

HGLB	- 0.36	BSTZ
HGLB	- 0.33	RVT
DLY	- 0.31	RVT
DLY	- 0.29	BSTZ
DSL	- 0.27	BSTZ
DSL	- 0.26	RVT

Risk-Adjusted Indicators

There is a big difference between Liberty Fund performing well and Liberty All 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 Liberty All'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
ADX	0.77	(0.03)	0.00	(0.11)	0.00	0.00	1.19	(2.03)	4.81
BSTZ	1.35	(0.09)	0.00	(0.16)	0.00	0.00	2.36	(2.96)	9.20
AIO	1.28	(0.19)	0.00	0.46	0.00	0.00	2.46	(2.71)	10.06
RVT	0.90	(0.14)	0.00	1.71	0.00	0.00	1.43	(1.97)	5.97
NRGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBXG	1.04	0.01	0.00	(0.06)	0.00	0.00	2.06	(2.47)	7.25
DLY	0.37	0.03	0.12	0.08	0.61	(0.32)	0.65	(1.02)	2.36
HGLB	0.89	0.17	0.21	0.50	0.84	(1.04)	2.04	(1.54)	5.76
DSL	0.34	0.01	0.15	0.01	0.42	(0.40)	0.82	(0.65)	2.21

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