Leuthold Global Correlations

Mutual Funds . USA . 
Fund . Leuthold Global Fund
GLBIX Fund  USD 9.63  0.03  0.31%   
The current 90-days correlation between Leuthold Global and Gmo Equity Allocation is -0.11 (i.e., Good diversification). The correlation of Leuthold Global 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.

Leuthold Global Correlation With Market

Good diversification

The correlation between Leuthold Global Fund and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold Global Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Leuthold Global Fund. 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 Leuthold Mutual Fund

  0.98GLBLX Leuthold GlobalPairCorr
  0.7LCORX Leuthold E InvestmentPairCorr
  0.96RIRAX Capital Income BuilderPairCorr
  0.96RIREX Capital Income BuilderPairCorr
  0.96RIRCX Capital Income BuilderPairCorr
  0.96RIRFX Capital Income BuilderPairCorr
  0.96CIRCX Capital Income BuilderPairCorr
  0.96CIREX Capital Income BuilderPairCorr
  0.96RIRBX Capital Income BuilderPairCorr
  0.96CAIFX Capital Income BuilderPairCorr
  0.96CIRFX Capital Income BuilderPairCorr
  0.96CIRAX Capital Income BuilderPairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.64FIRQX Fidelity Income ReplPairCorr
  0.69REBYX Us Small CapPairCorr
  0.91PKSCX Virtus Kar SmallPairCorr
  0.96FTPPX American Funds ConsePairCorr
  0.95TAIWX Tiaa Cref InternationalPairCorr
  0.96FBANJX FbanjxPairCorr
  0.9EDF Stone Harbor EmergingPairCorr
  0.96SBIYX Clearbridge InternationalPairCorr
  0.71JHJIX John Hancock EsgPairCorr
  0.95ABHIX High Yield FundPairCorr
  0.97VIESX Virtus Emerging MarketsPairCorr
  0.93ODMCX Jpmorgan Intrepid MidPairCorr
  0.69ERBIX Eaton Vance RichardPairCorr
  0.65CCMAX Columbia Large CapPairCorr
  0.96VTMGX Vanguard DevelopedPairCorr
  0.97ECAMX Eaton Vance MultiPairCorr
  0.96LMPLX Clearbridge Large CapPairCorr
  0.95AEF Abrdn Emerging MarketsPairCorr
  0.96RSGRX Victory Rs GrowthPairCorr
  0.91NWGPX Nationwide Highmark SmallPairCorr
  0.88STABX Pioneer Short TermPairCorr
  0.65TEPSX Technology UltrasectorPairCorr

Moving against Leuthold Mutual Fund

  0.67GRZZX Grizzly ShortPairCorr
  0.88RSMMX Victory Rs SmallPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Leuthold Mutual Fund performing well and Leuthold Global 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 Leuthold Global'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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