Smead Value Correlations

Mutual Funds . USA . 
Fund . Smead Value Fund
SVFKX Fund  USD 76.86  0.24  0.31%   
The current 90-days correlation between Smead Value Fund and Matthew 25 Fund is -0.17 (i.e., Good diversification). The correlation of Smead 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.

Smead Value Correlation With Market

Poor diversification

The correlation between Smead Value Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead Value Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Smead Value Fund. 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 industry.

Moving together with Smead Mutual Fund

  1.0SVFAX Smead Value Fund Potential GrowthPairCorr
  1.0SVFCX Smead Value Fund Potential GrowthPairCorr
  1.0SVFDX Smead Value Fund Potential GrowthPairCorr
  1.0SVFFX Smead Value Fund Potential GrowthPairCorr
  1.0SVFYX Smead Value Fund Potential GrowthPairCorr
  0.92SVXYX Smead International ValuePairCorr
  0.92SVXFX Smead Funds TrustPairCorr
  0.92SVXAX Smead Funds TrustPairCorr
  0.92SVXLX Smead Funds TrustPairCorr
  1.0SMVLX Smead Value Fund Potential GrowthPairCorr
  0.97VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.96AFMFX American MutualPairCorr
  0.96FFMMX American Funds AmericanPairCorr
  0.96FFFMX American Funds AmericanPairCorr
  0.93AMRMX American MutualPairCorr
  0.93AMFFX American MutualPairCorr
  0.93AMFCX American MutualPairCorr
  0.94DODGX Dodge Stock FundPairCorr
  0.97VIVAX Vanguard Value IndexPairCorr
  0.86GAAKX Gmo Alternative AlloPairCorr
  0.82GAAGX Gmo Alternative AlloPairCorr
  0.69GPBFX Gmo E PlusPairCorr
  0.9MSEGX Growth Portfolio Class Steady GrowthPairCorr
  0.94GGCCX Gabelli GrowthPairCorr
  0.93PDARX Diversified Real AssetPairCorr
  0.92PPILX Deutsche Short DurationPairCorr
  0.92KAMIX Kensington Managed IncomePairCorr
  0.83TGRKX Tiaa Cref GreenPairCorr
  0.96SWEGX Schwab Markettrack AllPairCorr
  0.74NREEX Neuberger Berman RealPairCorr
  0.91PGP Pimco Global StocksplusPairCorr
  0.96HSIIX Eagle Small CapPairCorr
  0.88MLXIX Catalyst Mlp InfrastPairCorr

Moving against Smead Mutual Fund

  0.42GPMFX Guidepath Managed FuturesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Smead Mutual Fund performing well and Smead 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 Smead 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.

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