Ladenburg Aggressive Correlations

LAWCX Fund

USD 20.27 0.05 0.25%

The current 90-days correlation between Ladenburg Aggressive and Materials Portfolio Fidelity is 0.06 (i.e., Significant diversification). 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

Almost no diversification

The correlation between Ladenburg Aggressive Growth and DJI is 0.93 (i.e., Almost no 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 main economic indicators.

Moving together with Ladenburg Mutual Fund

1.0	LGWAX	Ladenburg Growth	Pair Corr
1.0	LGWCX	Ladenburg Growth	Pair Corr
1.0	LGWIX	Ladenburg Growth	Pair Corr
0.69	LNOCX	Ladenburg Income Growth	Pair Corr
0.78	LNOAX	Ladenburg Income Growth	Pair Corr
0.78	LNOIX	Ladenburg Income Growth	Pair Corr
0.97	LOWAX	Ladenburg Growth Income	Pair Corr
0.96	LOWCX	Ladenburg Growth Income	Pair Corr
0.97	LOWIX	Ladenburg Growth Income	Pair Corr
1.0	LAGIX	Ladenburg Aggressive	Pair Corr
1.0	LAWAX	Ladenburg Aggressive	Pair Corr
0.91	CGRGX	American Funds Growth	Pair Corr
0.91	FPGGX	American Funds Growth	Pair Corr
0.91	FGPGX	American Funds Growth	Pair Corr
0.97	MUTHX	Franklin Mutual Shares	Pair Corr
0.97	TESRX	Franklin Mutual Shares	Pair Corr
0.97	FMSHX	Franklin Mutual Shares	Pair Corr
0.95	GWPCX	American Funds Growth	Pair Corr
0.95	GWPFX	American Funds Growth	Pair Corr
0.91	GWPAX	American Funds Growth	Pair Corr
0.91	CGQGX	American Funds Growth	Pair Corr
0.93	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.93	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.92	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.92	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.62	LETRX	Voya Russia Fund	Pair Corr
0.89	KINAX	Kinetics Internet	Pair Corr
0.92	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.93	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.92	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.91	KINCX	Kinetics Internet	Pair Corr
1.0	ASTZX	Astor Long/short	Pair Corr
0.78	AOUIX	Angel Oak Ultrashort	Pair Corr
0.84	FGB	First Trust Specialty	Pair Corr
0.76	SEIYX	Simt High Yield	Pair Corr

Related Correlations Analysis

	FIJFX	OPTCX	LMUSX	BBBMX	MFTFX	FFCGX	TWBIX	ABVCX
FIJFX		0.68	0.71	0.55	-0.32	0.89	0.81	0.7	FIJFX
OPTCX	0.68		0.98	0.83	-0.46	0.76	0.77	0.97	OPTCX
LMUSX	0.71	0.98		0.78	-0.48	0.77	0.8	0.98	LMUSX
BBBMX	0.55	0.83	0.78		-0.57	0.64	0.58	0.79	BBBMX
MFTFX	-0.32	-0.46	-0.48	-0.57		-0.32	-0.09	-0.44	MFTFX
FFCGX	0.89	0.76	0.77	0.64	-0.32		0.82	0.74	FFCGX
TWBIX	0.81	0.77	0.8	0.58	-0.09	0.82		0.78	TWBIX
ABVCX	0.7	0.97	0.98	0.79	-0.44	0.74	0.78		ABVCX
	FIJFX	OPTCX	LMUSX	BBBMX	MFTFX	FFCGX	TWBIX	ABVCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LMUSX	+ 0.98	OPTCX
ABVCX	+ 0.98	LMUSX
ABVCX	+ 0.97	OPTCX
FFCGX	+ 0.89	FIJFX
BBBMX	+ 0.83	OPTCX
TWBIX	+ 0.82	FFCGX

High negative correlations

MFTFX	- 0.57	BBBMX
MFTFX	- 0.48	LMUSX
MFTFX	- 0.46	OPTCX
ABVCX	- 0.44	MFTFX
FFCGX	- 0.32	MFTFX
MFTFX	- 0.32	FIJFX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FIJFX	0.76	0.04	(0.07)	4.99	0.88	(0.82)	1.63	(1.48)	4.27
OPTCX	0.15	0.03	(0.40)	0.96	0.00	(0.22)	0.32	(0.21)	1.04
LMUSX	0.60	0.13	0.03	3.24	0.72	(0.68)	1.28	(1.49)	4.08
BBBMX	0.05	0.01	(1.01)	(0.65)	0.00	(0.17)	0.10	(0.10)	0.49
MFTFX	0.98	(0.15)	0.00	(0.09)	0.00	0.00	1.70	(1.95)	5.42
FFCGX	0.56	(0.05)	(0.11)	0.05	0.70	(0.61)	1.26	(1.23)	3.41
TWBIX	0.35	0.03	(0.16)	1.32	0.45	(0.37)	0.77	(0.92)	2.38
ABVCX	0.54	0.13	0.04	6.64	0.28	(0.68)	1.09	(0.80)	3.88

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