Lebenthal Lisanti Correlations

Mutual Funds . USA . 
Fund . Lebenthal Lisanti Small
ASCGX Fund  USD 20.25  0.28  1.40%   
The current 90-days correlation between Lebenthal Lisanti Small and Goldman Sachs Financial is 0.12 (i.e., Average diversification). The correlation of Lebenthal Lisanti 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.

Lebenthal Lisanti Correlation With Market

Almost no diversification

The correlation between Lebenthal Lisanti Small and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lebenthal Lisanti Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lebenthal Lisanti Small. 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 price.

Moving together with Lebenthal Mutual Fund

  0.81VSGAX Vanguard Small CapPairCorr
  0.81VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.8VEXPX Vanguard ExplorerPairCorr
  0.8VEXRX Vanguard ExplorerPairCorr
  0.79JGMIX Janus TritonPairCorr
  0.79JGMRX Janus TritonPairCorr
  0.79JGMAX Janus TritonPairCorr
  0.79JGMCX Janus TritonPairCorr
  0.79JGMNX Janus TritonPairCorr
  0.81FTYPX Fidelity Freedom IndexPairCorr
  0.82FFBTX Fidelity Freedom BlendPairCorr
  0.74GCAVX Gmo Small CapPairCorr
  0.78GQLOX Gmo Quality FundPairCorr
  0.98GHVIX Gmo High YieldPairCorr
  0.99GMCQX Gmo Equity AllocationPairCorr
  0.74RYBIX Basic MaterialsPairCorr
  0.82FSAMX Strategic AdvisersPairCorr
  0.78MLPTX Oppenheimer Steelpath MlpPairCorr
  0.8LBAFX Legg Mason BwPairCorr
  0.89RRSVX Rbc Small CapPairCorr
  0.82LRRRX Floating RatePairCorr
  0.78IEYYX Ivy Energy FundPairCorr
  0.78GOBCX Legg Mason BwPairCorr
  0.82FHKAX Fidelity China RegionPairCorr
  0.82FOSFX Fidelity OverseasPairCorr
  0.81MPBAX Global StrategistPairCorr
  0.7PRWBX T Rowe PricePairCorr
  0.76HWLIX Hotchkis Wiley LargePairCorr
  0.82OAZEX Oakmark InternationalPairCorr
  0.73AISTX Limited DurationPairCorr
  0.8VFINX Vanguard 500 IndexPairCorr
  0.77RGYXX Hsbc FundsPairCorr
  0.98RRPPX American Funds RetirementPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.77WRHIX Ivy High IncomePairCorr

Moving against Lebenthal Mutual Fund

  0.33GABFX Gmo Asset AllocationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lebenthal Mutual Fund performing well and Lebenthal Lisanti 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 Lebenthal Lisanti'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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