Scharf Balanced Correlations

Mutual Funds . USA . 
Fund . Scharf Balanced Opportunity
LOGBX Fund  USD 37.12  0.10  0.27%   
The current 90-days correlation between Scharf Balanced Oppo and Scharf Global Opportunity is 0.95 (i.e., Almost no diversification). The correlation of Scharf Balanced 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.

Scharf Balanced Correlation With Market

Poor diversification

The correlation between Scharf Balanced Opportunity and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scharf Balanced Opportunity 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 Scharf Balanced Opportunity. 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 bureau of labor statistics.

Moving together with Scharf Mutual Fund

  0.99WRLDX Scharf Global OpportunityPairCorr
  1.0LOGOX Scharf Balanced OppoPairCorr
  0.97FBONX American Funds AmericanPairCorr
  0.97FBAFX American Funds AmericanPairCorr
  0.97ABALX American BalancedPairCorr
  0.97BALCX American BalancedPairCorr
  0.97BALFX American BalancedPairCorr
  0.97RLBCX American BalancedPairCorr
  0.97RLBBX American BalancedPairCorr
  0.97CLBAX American BalancedPairCorr
  0.97CLBEX American BalancedPairCorr
  0.97RLBFX American BalancedPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.96FISPX Federated Max CapPairCorr
  0.94FZABX Fidelity Advisor DivPairCorr
  0.74FEXRX First Eagle SmidPairCorr
  0.79PGGEX Putnam Global IncomePairCorr
  0.84TNURX 1290 Unconstrained BondPairCorr
  0.95TWCAX Select Fund APairCorr
  0.96PLIEX Plumb EquityPairCorr
  0.76FILRX Franklin InternationalPairCorr
  0.73AVALX Aegis Value FundPairCorr
  0.9SUFCX Guggenheim StyleplusPairCorr
  0.75HNCAX Hartford InternationalPairCorr
  0.94CEMDX Cullen Emerging MarketsPairCorr
  0.97VWEAX Vanguard High YieldPairCorr
  0.72SDYAX Simt Dynamic AssetPairCorr
  0.74JHQRX Jpmorgan Hedged EquityPairCorr
  0.97RHGTX American Funds 2040PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Scharf Mutual Fund performing well and Scharf Balanced 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 Scharf Balanced'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WRLDX  0.50  0.04 (0.03) 0.20  0.40 
(0.56)
 1.20 
(0.84)
 2.90 
LOGBX  0.39  0.01 (0.14) 0.16  0.34 
(0.42)
 0.84 
(0.75)
 2.45 
LOGOX  0.39  0.01 (0.13) 0.17  0.33 
(0.43)
 0.86 
(0.75)
 2.41 
SSDWX  0.48  0.23  0.13 (2.74) 0.23 
(0.57)
 1.64 
(1.13)
 3.18 
JDFAX  0.25  0.02 (0.34) 2.70  0.19 
(0.29)
 0.55 
(0.43)
 1.21 
GOBCX  0.31  0.00 (0.29) 0.20  0.32 
(0.39)
 0.77 
(0.56)
 2.03 
FFTYX  0.69  0.14  0.14  0.28  0.48 
(0.80)
 1.99 
(1.59)
 5.11 
FCPCX  0.57  0.26  0.17 (5.26) 0.00 
(0.65)
 1.62 
(1.04)
 3.84 
NBMIX  0.84  0.09  0.09  0.22  0.73 
(0.96)
 2.21 
(1.44)
 5.10 
PLUDX  0.06  0.02 (1.06) 3.02  0.00 
(0.15)
 0.10 
(0.10)
 0.51 

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