Ladenburg Aggressive Correlations

Mutual Funds . USA . 
Fund . Ladenburg Aggressive Growth
LAGIX Fund  USD 18.98  0.13  0.69%   
The current 90-days correlation between Ladenburg Aggressive and Ladenburg Growth is 0.99 (i.e., No risk reduction). The correlation of Ladenburg Aggressive 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.

Ladenburg Aggressive Correlation With Market

Weak diversification

The correlation between Ladenburg Aggressive Growth and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Aggressive Growth 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 Ladenburg Aggressive Growth. 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 gross domestic product.

Moving together with Ladenburg Mutual Fund

  0.99LGWAX Ladenburg GrowthPairCorr
  0.99LGWCX Ladenburg GrowthPairCorr
  0.94LGWIX Ladenburg GrowthPairCorr
  0.91LNCAX Ladenburg Income FunPairCorr
  0.89LNCCX Ladenburg Income FunPairCorr
  0.91LNCIX Ladenburg Income FunPairCorr
  0.96LNOCX Ladenburg Income GrowthPairCorr
  0.97LNOAX Ladenburg Income GrowthPairCorr
  0.97LNOIX Ladenburg Income GrowthPairCorr
  0.93LOWAX Ladenburg Growth IncomePairCorr
  0.93LOWCX Ladenburg Growth IncomePairCorr
  0.94LOWIX Ladenburg Growth IncomePairCorr
  0.95LAWAX Ladenburg AggressivePairCorr
  0.95CGRGX American Funds GrowthPairCorr
  0.95FPGGX American Funds GrowthPairCorr
  0.95FGPGX American Funds GrowthPairCorr
  0.85MUTHX Franklin Mutual SharesPairCorr
  0.85TESRX Franklin Mutual SharesPairCorr
  0.85FMSHX Franklin Mutual SharesPairCorr
  0.95GWPCX American Funds GrowthPairCorr
  0.95GWPFX American Funds GrowthPairCorr
  0.95GWPAX American Funds GrowthPairCorr
  0.95CGQGX American Funds GrowthPairCorr

Moving against Ladenburg Mutual Fund

  0.48ABYIX Abbey Capital FuturesPairCorr
  0.48RYIFX Guggenheim ManagedPairCorr
  0.41QMHIX Aqr Managed FuturesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Aggressive 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 Ladenburg Aggressive'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
LGWAX  0.66 (0.12) 0.00 (0.27) 0.00 
 0.00 
 0.94 
(1.26)
 12.07 
LGWCX  0.66 (0.12) 0.00 (0.28) 0.00 
 0.00 
 0.96 
(1.29)
 12.31 
LGWIX  0.65 (0.12) 0.00 (0.18) 0.00 
 0.00 
 0.94 
(1.27)
 12.15 
LNCAX  0.32 (0.06) 0.00 (0.26) 0.00 
 0.00 
 0.47 
(0.73)
 3.51 
LNCCX  0.33 (0.06) 0.00 (0.28) 0.00 
 0.00 
 0.47 
(0.74)
 3.65 
LNCIX  0.33 (0.06) 0.00 (0.25) 0.00 
 0.00 
 0.47 
(0.74)
 3.63 
LNOCX  0.46 (0.13) 0.00 (0.40) 0.00 
 0.00 
 0.70 
(0.77)
 8.66 
LNOAX  0.46 (0.12) 0.00 (0.38) 0.00 
 0.00 
 0.69 
(0.75)
 8.45 
LNOIX  0.46 (0.12) 0.00 (0.37) 0.00 
 0.00 
 0.69 
(0.75)
 8.44 
LOWAX  0.54 (0.11) 0.00 (0.23) 0.00 
 0.00 
 0.84 
(0.99)
 9.58 

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