Lsv Emerging Correlations

Mutual Funds . USA . 
Fund . Lsv Emerging Markets
LVAZX Fund  USD 14.20  0.07  0.50%   
The current 90-days correlation between Lsv Emerging Markets and Lsv Global Managed is 0.49 (i.e., Very weak diversification). The correlation of Lsv Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Lsv Emerging Markets and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lsv Emerging Markets 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 Emerging Markets. 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 nation.

Moving together with Lsv Mutual Fund

  0.97LSVFX Lsv Global ManagedPairCorr
  0.98LSVGX Lsv Global ValuePairCorr
  0.96LSVEX Lsv Value EquityPairCorr
  0.93LSVMX Lsv Managed VolatilityPairCorr
  0.93LSVQX Lsv Small CapPairCorr
  0.96LSVVX Lsv Servative ValuePairCorr
  1.0LSVZX Lsv Emerging MarketsPairCorr
  0.96LVAEX Lsv Value EquityPairCorr
  0.97LVAFX Lsv Global ManagedPairCorr
  0.98LVAGX Lsv Global ValuePairCorr
  0.93LVAMX Lsv Managed VolatilityPairCorr
  0.93LVAQX Lsv Small CapPairCorr
  0.96LVAVX Lsv Servative ValuePairCorr
  0.99VEMAX Vanguard Emerging MarketsPairCorr
  0.99VEIEX Vanguard Emerging MarketsPairCorr
  0.99VEMIX Vanguard Emerging MarketsPairCorr
  0.99VEMRX Vanguard Emerging MarketsPairCorr
  0.99FWWNX American Funds NewPairCorr
  0.99FNFWX American Funds NewPairCorr
  0.99NEWFX New World FundPairCorr
  0.99NWFFX New World FundPairCorr
  0.99NEWCX New World FundPairCorr
  0.98ODVYX Oppenheimer DevelopingPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.63CCCZX Center St BrookfieldPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.97CISGX Touchstone Sands CapitalPairCorr
  0.98MPEGX Mid Cap GrowthPairCorr
  0.98FNIDX Fidelity Intl SustaiPairCorr
  0.65GCCRX Goldman Sachs ModityPairCorr
  0.93MFLLX Small Pany GrowthPairCorr
  0.96HIAOX Hartford InternationalPairCorr
  0.99POAGX Primecap Odyssey AggPairCorr
  0.98KCVSX Knights Of UmbusPairCorr
  0.82NRCFX Aew Real EstatePairCorr
  0.98JOEIX Johcm Emerging MarketsPairCorr
  0.98FCNTX Fidelity ContrafundPairCorr

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 Emerging 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 Emerging'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
LSVFX  0.42  0.06 (0.03) 0.27  0.32 
(0.47)
 0.88 
(0.82)
 2.63 
LSVGX  0.54  0.13  0.11  0.32  0.37 
(0.62)
 1.57 
(1.12)
 3.97 
LSVEX  0.70  0.07  0.06  0.20  0.66 
(0.79)
 1.72 
(1.15)
 5.29 
LSVMX  0.53  0.02 (0.04) 0.16  0.53 
(0.58)
 1.22 
(1.00)
 3.29 
LSVQX  0.88  0.09  0.08  0.22  0.83 
(1.00)
 2.32 
(1.62)
 6.02 
LSVVX  0.62  0.03  0.00  0.17  0.60 
(0.69)
 1.56 
(1.09)
 4.34 
LSVZX  0.46  0.23  0.18  0.78  0.00 
(0.58)
 1.51 
(0.99)
 3.65 
LVAEX  0.70  0.06  0.06  0.20  0.66 
(0.79)
 1.73 
(1.16)
 5.32 
LVAFX  0.42  0.06 (0.03) 0.27  0.34 
(0.48)
 0.91 
(0.86)
 2.61 
LVAGX  0.54  0.12  0.11  0.31  0.41 
(0.62)
 1.54 
(1.14)
 3.95 

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