Smead International Correlations

Mutual Funds USA . 
Fund . Smead International Value
SVXYX Fund  USD 66.17  0.32  0.49%   
The current 90-days correlation between Smead International Value and Smead Value Fund is 0.59 (i.e., Very weak diversification). The correlation of Smead International 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 International Correlation With Market

Very weak diversification

The correlation between Smead International Value and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Smead International Value 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 International Value. 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 manufacturing.

Moving together with Smead Mutual Fund

  0.92SVFAX Smead Value Fund Potential GrowthPairCorr
  0.92SVFCX Smead Value Fund Potential GrowthPairCorr
  0.92SVFKX Smead Value Fund Potential GrowthPairCorr
  0.92SVFDX Smead Value Fund Potential GrowthPairCorr
  0.92SVFFX Smead Value Fund Potential GrowthPairCorr
  0.92SVFYX Smead Value Fund Potential GrowthPairCorr
  1.0SVXFX Smead Funds TrustPairCorr
  1.0SVXAX Smead Funds TrustPairCorr
  1.0SVXLX Smead Funds TrustPairCorr
  0.92SMVLX Smead Value Fund Potential GrowthPairCorr
  0.98DOXFX Dodge Cox InternationalPairCorr
  0.97OANIX Oakmark InternationalPairCorr
  0.98DODFX Dodge International StockPairCorr
  0.97OAKIX Oakmark InternationalPairCorr
  0.97OAYIX Oakmark InternationalPairCorr
  0.97OAZIX Oakmark InternationalPairCorr
  0.97FINVX Fidelity Series IntePairCorr
  0.97VTRIX Vanguard InternationalPairCorr
  0.97RRIGX T Rowe PricePairCorr
  0.88PFN Pimco Income StrategyPairCorr
  0.9CIF Mfs Intermediate HighPairCorr
  0.91PCF Putnam High IncomePairCorr
  0.69CREYX Columbia Real EstatePairCorr
  0.97GLOSX Pioneer Global EquityPairCorr
  0.94HCMBX Hcm Dynamic IncomePairCorr
  0.98MPAIX Advantage Portfolio ClassPairCorr
  0.93AVLIX Value Fund IPairCorr
  0.96IPOCX Ivy Emerging MarketsPairCorr
  0.96ISNHX Voya Solution 2030PairCorr
  0.96PGDRX Diversified Real AssetPairCorr
  0.97RGLIX Allianzgi Global NaturalPairCorr
  0.95AMPFX Amcap Fund ClassPairCorr
  0.92FYTKX Fidelity Freedom IncomePairCorr
  0.95CGOAX Columbia Small CapPairCorr

Moving against Smead Mutual Fund

  0.57XNBHX Neuberger Berman IntPairCorr
  0.52XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Smead Mutual Fund performing well and Smead International 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 International'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
SVFAX  0.82  0.05  0.04  0.19  0.75 
(0.96)
 1.86 
(1.26)
 6.58 
SVFCX  0.83  0.05  0.03  0.19  0.73 
(0.98)
 2.06 
(1.26)
 6.56 
SVFKX  0.82  0.05  0.03  0.19  0.74 
(0.96)
 1.87 
(1.27)
 6.57 
SVFDX  0.82  0.05  0.03  0.19  0.74 
(0.96)
 1.85 
(1.28)
 6.56 
SVFFX  0.83  0.05  0.04  0.19  0.72 
(0.99)
 2.06 
(1.27)
 6.55 
SVFYX  0.83  0.05  0.04  0.19  0.71 
(0.99)
 2.06 
(1.26)
 6.55 
SVXYX  0.62  0.25  0.17  0.82  0.41 
(0.69)
 1.55 
(1.02)
 4.27 
SVXCX  0.61  0.24  0.17  0.81  0.42 
(0.69)
 1.55 
(1.03)
 4.25 
SVXFX  0.62  0.24  0.17  0.82  0.42 
(0.70)
 1.55 
(1.03)
 4.27 
SVXAX  0.63  0.24  0.17  0.81  0.42 
(0.72)
 1.64 
(1.04)
 4.27 

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