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Correlation Between Smead Value and Vanguard Index

Analyzing existing cross correlation between Smead Value Fund Class R1 and Vanguard Index Trust Vanguard V. You can compare the effects of market volatilities on Smead Value and Vanguard Index 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 Smead Value with a short position of Vanguard Index. Check out your portfolio center. Please also check ongoing floating volatility patterns of Smead Value and Vanguard Index.

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Diversification Opportunities for Smead Value and Vanguard Index

Smead Value Fund Class R1 diversification synergy
0.8
SVF
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Very poor diversification

The 3 months correlation between Smead and Vanguard is 0.8. Overlapping area represents the amount of risk that can be diversified away by holding Smead Value Fund Class R1 and Vanguard Index Trust Vanguard in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Index Trust and Smead Value 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 Smead Value Fund Class R1 are associated (or correlated) with Vanguard Index. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Index Trust has no effect on the direction of Smead Value i.e. Smead Value and Vanguard Index go up and down completely randomly.

Pair Corralation between Smead Value and Vanguard Index

Assuming 30 trading days horizon, Smead Value Fund Class R1 is expected to under-perform the Vanguard Index. In addition to that, Smead Value is 1.1 times more volatile than Vanguard Index Trust Vanguard V. It trades about -0.16 of its total potential returns per unit of risk. Vanguard Index Trust Vanguard V is currently generating about -0.12 per unit of volatility. If you would invest  4,535  in Vanguard Index Trust Vanguard V on January 30, 2020 and sell it today you would lose (490.00)  from holding Vanguard Index Trust Vanguard V or give up 10.8% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Smead Value Fund Class R1  vs.  Vanguard Index Trust Vanguard

 Performance (%) 
    
  Timeline 
Smead Value Fund 
00

Risk-Adjusted Fund Performance

Over the last 30 days Smead Value Fund Class R1 has generated negative risk-adjusted returns adding no value to fund investors. Inspite weak performance in the last few months, the Fund's basic indicators remain fairly strong which may send shares a bit higher in March 2020. The current disturbance may also be a sign of long term up-swing for the fund investors.
Vanguard Index Trust 
00

Risk-Adjusted Fund Performance

Over the last 30 days Vanguard Index Trust Vanguard V has generated negative risk-adjusted returns adding no value to fund investors. Inspite latest weak performance, the Fund's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the fund investors.

Smead Value and Vanguard Index Volatility Contrast

 Predicted Return Density 
    
  Returns 
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