Lsv Value Correlations

LSVEX Fund  USD 28.00  0.29  1.03%   
The current 90-days correlation between Lsv Value Equity and Nova Fund Class is -0.18 (i.e., Good 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 0.92 (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

  0.96LSVFX Lsv Global ManagedPairCorr
  0.97LSVGX Lsv Global ValuePairCorr
  0.99LSVQX Lsv Small CapPairCorr
  0.94LSVZX Lsv Emerging MarketsPairCorr
  1.0LVAEX Lsv Value EquityPairCorr
  0.99LVAQX Lsv Small CapPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.95AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.95AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.93PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.92PCF Putnam High IncomePairCorr
  0.89MEQAX International ValuePairCorr
  0.97TEGIX Mid Cap GrowthPairCorr
  0.91VDIGX Vanguard Dividend GrowthPairCorr
  0.92MQGIX Mfs International GrowthPairCorr

Moving against Lsv Mutual Fund

  0.57XNBHX Neuberger Berman IntPairCorr
  0.5XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

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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.