Lsv Value Correlations

Mutual Funds . USA . 
Fund . Lsv Value Equity
LVAEX Fund  USD 27.89  0.13  0.47%   
The current 90-days correlation between Lsv Value Equity and Vanguard Value Index is 0.98 (i.e., Almost no diversification). The correlation of Lsv Value 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.

Lsv Value Correlation With Market

Almost no diversification

The correlation between Lsv Value Equity and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsv Value Equity 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 Lsv Value Equity. 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 income.

Moving together with Lsv Mutual Fund

  0.9LSVFX Lsv Global ManagedPairCorr
  0.93LSVGX Lsv Global ValuePairCorr
  1.0LSVEX Lsv Value EquityPairCorr
  0.98LSVMX Lsv Managed VolatilityPairCorr
  0.99LSVQX Lsv Small CapPairCorr
  0.99LSVVX Lsv Servative ValuePairCorr
  0.91LSVZX Lsv Emerging MarketsPairCorr
  0.9LVAFX Lsv Global ManagedPairCorr
  0.98LVAGX Lsv Global ValuePairCorr
  0.98LVAMX Lsv Managed VolatilityPairCorr
  0.99LVAQX Lsv Small CapPairCorr
  0.99LVAVX Lsv Servative ValuePairCorr
  0.91LVAZX Lsv Emerging MarketsPairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.91AMRMX American MutualPairCorr
  0.91AMFFX American MutualPairCorr
  0.91AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.95DXQLX Direxion Monthly NasdaqPairCorr
  0.92RYVLX Nasdaq 100 2xPairCorr
  0.96RYVYX Nasdaq 100 2xPairCorr
  0.96UOPIX Ultra Nasdaq 100PairCorr
  0.96RYCCX Nasdaq 100 2xPairCorr
  0.96UOPSX Ultranasdaq 100 ProfundPairCorr
  0.94INPIX Internet UltrasectorPairCorr
  0.92INPSX Internet UltrasectorPairCorr
  0.72BIPIX Biotechnology UltrasectorPairCorr
  0.96USCRX Cornerstone ModeratelyPairCorr
  0.92AMONX Aqr Large CapPairCorr
  0.91JEVAX Emerging MarketsPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VSTIX Stock Index FundPairCorr
  0.93PBLIX Pnc Balanced AllocationPairCorr
  0.82FTUAX TelecommunicationsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lsv Mutual Fund performing well and Lsv Value 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 Lsv Value'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
VVIAX  0.90 (0.02)(0.02) 0.08  1.49 
(0.88)
 1.56 
(1.87)
 9.18 
DOXGX  0.91 (0.02)(0.02) 0.08  1.62 
(0.87)
 1.64 
(1.65)
 10.68 
AFMFX  0.81  0.02  0.00  0.13  1.44 
(0.82)
 1.54 
(1.78)
 9.18 
FFMMX  0.80  0.02  0.00  0.13  1.44 
(0.82)
 1.52 
(1.76)
 9.19 
FFFMX  0.81  0.02  0.00  0.13  1.44 
(0.82)
 1.56 
(1.79)
 9.15 
AMRMX  0.83  0.09 (0.01)(1.71) 1.41 
(0.85)
 1.55 
(1.79)
 9.17 
AMFFX  0.82  0.09 (0.01)(1.97) 1.43 
(0.83)
 1.53 
(1.77)
 9.12 
AMFCX  0.82  0.09 (0.01)(1.84) 1.44 
(0.83)
 1.53 
(1.79)
 9.15 
DODGX  0.91 (0.02)(0.02) 0.08  1.62 
(0.87)
 1.64 
(1.65)
 10.68 
VIVAX  0.90 (0.02)(0.02) 0.08  1.52 
(0.85)
 1.56 
(1.87)
 9.19 

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