Lsv Global Correlations

Mutual Funds . USA . 
Fund . Lsv Global Managed
LVAFX Fund  USD 11.26  0.02  0.18%   
The current 90-days correlation between Lsv Global Managed and Lsv Global Value is 0.85 (i.e., Very poor diversification). The correlation of Lsv 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.

Lsv Global Correlation With Market

Very good diversification

The correlation between Lsv Global Managed and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsv Global Managed 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 Global Managed. 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 census.

Moving together with Lsv Mutual Fund

  0.73LSVFX Lsv Global ManagedPairCorr
  0.76LSVGX Lsv Global ValuePairCorr
  0.96LSVEX Lsv Value EquityPairCorr
  0.72LSVMX Lsv Managed VolatilityPairCorr
  0.91LSVQX Lsv Small CapPairCorr
  0.75LSVVX Lsv Servative ValuePairCorr
  0.76LSVZX Lsv Emerging MarketsPairCorr
  0.96LVAEX Lsv Value EquityPairCorr
  0.98LVAGX Lsv Global ValuePairCorr
  0.71LVAMX Lsv Managed VolatilityPairCorr
  0.69LVAQX Lsv Small CapPairCorr
  0.75LVAVX Lsv Servative ValuePairCorr
  0.76LVAZX Lsv Emerging MarketsPairCorr
  0.73TEDRX Franklin Mutual GlobalPairCorr
  0.73FMDRX Franklin Mutual GlobalPairCorr
  0.99DOXWX Dodge Cox GlobalPairCorr
  0.75DODWX Dodge Global StockPairCorr
  0.94TRZRX T Rowe PricePairCorr
  0.73TEDIX Franklin Mutual GlobalPairCorr
  0.99MDISX Franklin Mutual GlobalPairCorr
  0.73TEDSX Franklin Mutual GlobalPairCorr
  0.72PRAFX T Rowe PricePairCorr
  0.99BEGRX Franklin Mutual BeaconPairCorr
  0.79SPGSX State Street PremierPairCorr
  0.77KF Korea ClosedPairCorr
  0.97PHTMX Principal Lifetime HybridPairCorr
  0.89MTFFX Mainstay Mackay StrategicPairCorr
  0.76CGARX Calvert Responsible IndexPairCorr
  0.96CFOAX Calvert Floating RatePairCorr
  0.76MLMIX Global E PortfolioPairCorr
  0.67MMUFX Mfs UtilitiesPairCorr
  0.77CVLEX Cullen ValuePairCorr
  0.8ICAFX Investment Of AmericaPairCorr
  0.64CAAFX Short Term BondPairCorr
  0.97SMIDX Smi Dynamic AllocationPairCorr

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 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 Lsv 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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