Smead Value Correlations

Mutual Funds . USA . 
Fund . Smead Value Fund
SVFYX Fund  USD 85.94  0.32  0.37%   
The current 90-days correlation between Smead Value Fund and Smead Value Fund is 1.0 (i.e., No risk reduction). 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 manufacturing.

Moving together with Smead Mutual Fund

  1.0SVFAX Smead Value FundPairCorr
  1.0SVFCX Smead Value FundPairCorr
  1.0SVFKX Smead Value FundPairCorr
  1.0SVFDX Smead Value FundPairCorr
  1.0SVFFX Smead Value FundPairCorr
  1.0SMVLX Smead Value FundPairCorr
  0.66AFMFX American MutualPairCorr
  0.66FFMMX American Funds AmericanPairCorr
  0.66FFFMX American Funds AmericanPairCorr
  0.66AMRMX American MutualPairCorr
  0.66AMFFX American MutualPairCorr
  0.68AMFCX American MutualPairCorr
  0.64VTWAX Vanguard Total WorldPairCorr
  0.73PGAIX Pimco Global MultiPairCorr

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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