Leuthold Core Correlations

LCORX Fund

USD 22.53 0.02 0.09%

The current 90-days correlation between Leuthold E Investment and Hussman Strategic Growth is -0.36 (i.e., Very good diversification). The correlation of Leuthold Core 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 Core Correlation With Market

Poor diversification

The correlation between Leuthold E Investment and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leuthold E Investment and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leuthold E Investment. 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 metropolitan statistical area.

Moving together with Leuthold Mutual Fund

0.96	GLBIX	Leuthold Global	Pair Corr
0.98	GLBLX	Leuthold Global	Pair Corr
1.0	LCRIX	Leuthold E Investment	Pair Corr
0.98	PAALX	All Asset Fund	Pair Corr
0.98	PATRX	Pimco All Asset	Pair Corr
0.98	PAAIX	All Asset Fund	Pair Corr
0.98	PALPX	Pimco All Asset	Pair Corr
0.95	PASAX	All Asset Fund	Pair Corr
0.98	PASCX	All Asset Fund	Pair Corr
0.98	PAANX	Pimco All Asset	Pair Corr
0.96	PAUPX	Pimco All Asset	Pair Corr
0.96	PAUIX	Pimco All Asset	Pair Corr
0.76	GAAKX	Gmo Alternative Allo	Pair Corr
0.74	GAAGX	Gmo Alternative Allo	Pair Corr
0.72	GPBFX	Gmo E Plus	Pair Corr
0.9	PFRMX	Pimco Inflation Response	Pair Corr
0.78	PTRQX	Prudential Total Return	Pair Corr
0.89	RYIFX	Guggenheim Managed	Pair Corr
0.97	FMSRX	Frontier Mfg Global	Pair Corr
0.99	OBEGX	Oberweis Emerging Growth	Pair Corr
0.97	EPEIX	Ep Emerging Markets	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.98	FIEZX	Fidelity Total Inter	Pair Corr
0.96	GMCFX	Gmo International Equity	Pair Corr
0.97	GDIRX	Goldman Sachs Short	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.99	ACSRX	Invesco Comstock	Pair Corr
0.98	MKDCX	Blackrock Emerging	Pair Corr
0.68	GLPSX	Goldman Sachs Mlp	Pair Corr
0.65	FBIOX	Biotechnology Portfolio	Pair Corr
0.96	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.97	AAIPX	American Beacon Inte	Pair Corr

Moving against Leuthold Mutual Fund

0.96	GRZZX	Grizzly Short	Pair Corr
0.41	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	HSGFX	FPACX	MERFX	LSLTX	ARBFX
HSGFX		-0.96	-0.9	-0.35	-0.96	HSGFX
FPACX	-0.96		0.96	0.41	0.96	FPACX
MERFX	-0.9	0.96		0.4	0.97	MERFX
LSLTX	-0.35	0.41	0.4		0.39	LSLTX
ARBFX	-0.96	0.96	0.97	0.39		ARBFX
	HSGFX	FPACX	MERFX	LSLTX	ARBFX

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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

ARBFX	+ 0.97	MERFX
MERFX	+ 0.96	FPACX
ARBFX	+ 0.96	FPACX
LSLTX	+ 0.41	FPACX
LSLTX	+ 0.4	MERFX
ARBFX	+ 0.39	LSLTX

High negative correlations

ARBFX	- 0.96	HSGFX
FPACX	- 0.96	HSGFX
MERFX	- 0.9	HSGFX
LSLTX	- 0.35	HSGFX

Risk-Adjusted Indicators

There is a big difference between Leuthold Mutual Fund performing well and Leuthold Core 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 Core'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HSGFX	0.51	(0.09)	0.00	0.33	0.00	1.04	(1.21)	3.45
FPACX	0.39	0.11	0.08	0.36	(0.49)	1.18	(0.75)	2.78
MERFX	0.06	0.03	(1.05)	7.96	(0.09)	0.22	(0.11)	0.45
LSLTX	0.11	0.06	0.00	(0.47)	0.00	0.41	0.00	1.68
ARBFX	0.10	0.03	(0.83)	0.51	(0.16)	0.30	(0.15)	0.61

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