Liberty All Correlations

ASG Fund

USD 5.20 0.06 1.14%

The current 90-days correlation between Liberty All Star and Highland Opportunities And is 0.6 (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

Very poor diversification

The correlation between Liberty All Star and DJI is 0.89 (i.e., Very 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 Trending Equities 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

0.73	WRHIX	Ivy High Income	Pair Corr
0.75	WHIAX	Ivy High Income	Pair Corr
0.75	IHIFX	Ivy High Income	Pair Corr
0.75	IVHIX	Ivy High Income	Pair Corr
0.77	MIDGX	Mfs International New	Pair Corr
0.85	MKVDX	Mfs International Large	Pair Corr
0.81	NIOCX	Neuberger Berman Intl	Pair Corr
0.85	QMGAX	Oppenheimer Global	Pair Corr
0.77	ACEVX	International Value	Pair Corr
0.87	WFEMX	Wcm Focused Emerging	Pair Corr
0.86	ODVYX	Oppenheimer Developing	Pair Corr
0.87	TIBCX	Thornburg Investment	Pair Corr
0.79	INTIX	Voya International Index	Pair Corr
0.77	WILCX	Wasatch Large Cap	Pair Corr
0.84	PZIIX	Pzena International Small	Pair Corr
0.98	NAINX	Virtus Tactical Allo	Pair Corr
0.75	SCFOX	Pgim Securitized Credit	Pair Corr
0.84	MSDQX	Morgan Stanley Susta	Pair Corr
0.79	NWAHX	Nationwide Allianzgi	Pair Corr
0.82	THGCX	Thornburg International	Pair Corr
0.87	BEXIX	Baron Emerging Markets	Pair Corr
0.67	VCRAX	Voya Cbre Global	Pair Corr
0.83	CISAX	Copeland International	Pair Corr
0.8	HFEAX	Henderson European Focus	Pair Corr
0.76	ARVIX	Astonriver Road Inde	Pair Corr
0.7	FEMRX	Templeton Emerging	Pair Corr
0.88	FAERX	Fidelity Advisor Overseas	Pair Corr
0.85	AINIX	Ariel International	Pair Corr

Related Correlations Analysis

	HFRO	GAB	TPVG	RQI	PEO	TY	RVT	CET	BST	BMEZ
HFRO		0.33	0.77	0.87	0.6	0.76	0.68	0.71	0.63	0.85	HFRO
GAB	0.33		0.3	0.56	0.31	0.74	0.85	0.83	0.88	0.45	GAB
TPVG	0.77	0.3		0.79	0.81	0.81	0.69	0.7	0.55	0.87	TPVG
RQI	0.87	0.56	0.79		0.7	0.89	0.84	0.84	0.73	0.9	RQI
PEO	0.6	0.31	0.81	0.7		0.71	0.61	0.58	0.38	0.78	PEO
TY	0.76	0.74	0.81	0.89	0.71		0.96	0.97	0.89	0.88	TY
RVT	0.68	0.85	0.69	0.84	0.61	0.96		0.98	0.94	0.77	RVT
CET	0.71	0.83	0.7	0.84	0.58	0.97	0.98		0.96	0.8	CET
BST	0.63	0.88	0.55	0.73	0.38	0.89	0.94	0.96		0.66	BST
BMEZ	0.85	0.45	0.87	0.9	0.78	0.88	0.77	0.8	0.66		BMEZ
	HFRO	GAB	TPVG	RQI	PEO	TY	RVT	CET	BST	BMEZ

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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
HFRO	1.32	(0.11)	0.00	(0.16)	0.00	0.00	2.05	(3.75)	14.16
GAB	1.08	0.14	0.08	0.13	1.57	(1.14)	1.93	(2.55)	10.43
TPVG	1.93	(0.05)	0.00	(0.09)	0.00	0.00	4.02	(3.70)	13.17
RQI	1.23	(0.01)	0.00	(0.05)	0.00	0.00	2.21	(2.80)	8.00
PEO	1.35	(0.06)	0.00	(0.09)	0.00	0.00	2.28	(3.58)	14.71
TY	1.00	0.00	0.00	(0.04)	0.00	0.00	1.81	(2.46)	11.15
RVT	1.27	0.03	0.00	(0.01)	0.00	0.00	1.82	(3.15)	13.52
CET	0.91	0.02	0.02	(0.01)	1.34	(1.04)	1.86	(1.51)	8.16
BST	1.44	0.07	0.03	0.03	2.27	(1.36)	2.75	(3.22)	13.76
BMEZ	1.24	(0.03)	0.00	(0.07)	0.00	0.00	2.83	(2.92)	8.49

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Liberty All Correlations

Liberty All Correlation With Market

Very poor diversification

Moving together with Liberty Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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