Correlation Between Mfs Commodity and Leuthold Global

Can any of the company-specific risk be diversified away by investing in both Mfs Commodity and Leuthold Global at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Mfs Commodity and Leuthold Global into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Mfs Commodity Strategy and Leuthold Global Fund, you can compare the effects of market volatilities on Mfs Commodity and Leuthold Global and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Mfs Commodity with a short position of Leuthold Global. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mfs Commodity and Leuthold Global.

Diversification Opportunities for Mfs Commodity and Leuthold Global

0.0

Correlation Coefficient

Mfs Commodity  Leuthold Global

Pay attention - limited upside

The 3 months correlation between Mfs and LEUTHOLD is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Commodity Strategy and Leuthold Global Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Leuthold Global and Mfs Commodity is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Mfs Commodity Strategy are associated (or correlated) with Leuthold Global. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Leuthold Global has no effect on the direction of Mfs Commodity i.e., Mfs Commodity and Leuthold Global go up and down completely randomly.

Pair Corralation between Mfs Commodity and Leuthold Global

If you would invest  922.00  in Leuthold Global Fund on May 28, 2025 and sell it today you would earn a total of  59.00  from holding Leuthold Global Fund or generate 6.4% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.61%
Values	Daily Returns

Mfs Commodity Strategy  vs.  Leuthold Global Fund

Mfs Commodity Strategy

Risk-Adjusted Performance

Soft

Over the last 90 days Mfs Commodity Strategy has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong technical indicators, Mfs Commodity is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Leuthold Global

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Leuthold Global Fund are ranked lower than 19 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak essential indicators, Leuthold Global may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Mfs Commodity and Leuthold Global

The main advantage of trading using opposite Mfs Commodity and Leuthold Global positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mfs Commodity position performs unexpectedly, Leuthold Global can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Leuthold Global will offset losses from the drop in Leuthold Global's long position.

The idea behind Mfs Commodity Strategy and Leuthold Global Fund pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.