Lgm Risk Correlations

LBETX Fund

USD 11.52 0.03 0.26%

The current 90-days correlation between Lgm Risk Managed and M2i Global is -0.01 (i.e., Good diversification). The correlation of Lgm Risk 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.

Lgm Risk Correlation With Market

Very poor diversification

The correlation between Lgm Risk Managed and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lgm Risk Managed 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 Lgm Risk Managed. 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 poverty.

Moving together with Lgm Mutual Fund

0.77	FASIX	Fidelity Asset Manager	Pair Corr
0.77	FTIWX	Fidelity Asset Manager	Pair Corr
0.76	FTDWX	Fidelity Asset Manager	Pair Corr
0.77	FTAWX	Fidelity Asset Manager	Pair Corr
0.77	FIKVX	Fidelity Asset Manager	Pair Corr
0.75	FTCWX	Fidelity Asset Manager	Pair Corr
0.75	VASIX	Vanguard Lifestrategy	Pair Corr
0.84	PFIPX	Strategic Asset Mana	Pair Corr
0.71	FKRCX	Franklin Gold Precious	Pair Corr
0.76	RSNRX	Victory Global Natural	Pair Corr
0.77	SGGDX	First Eagle Gold	Pair Corr
0.77	EKWAX	Wells Fargo Advantage	Pair Corr
0.77	PSPFX	Global Resources	Pair Corr
0.76	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.77	GOLDX	Gabelli Gold	Pair Corr
0.76	FSAGX	Gold Portfolio Gold	Pair Corr
0.8	UNWPX	World Precious Minerals	Pair Corr
0.68	RCRIX	Riverpark Floating Rate	Pair Corr
0.79	JMOSX	Janus Global Allocation	Pair Corr
0.8	ONCIX	Oppenheimer Cnsrvtv	Pair Corr
0.78	PFRIX	Prudential Floating Rate	Pair Corr
0.87	VHYLX	Valic Company I	Pair Corr
0.62	TEOJX	Transamerica Emerging	Pair Corr
0.68	MAFCX	Abbey Capital Multi	Pair Corr
0.85	SPGEX	Symmetry Panoramic Global	Pair Corr
0.87	HILFX	Hennessy Large Cap	Pair Corr
0.74	MHESX	Mh Elite Select	Pair Corr
0.86	RSPMX	Victory Rs Partners	Pair Corr

Related Correlations Analysis

	FASIX	FTCWX	BRRAY	MSTSX	ABHYX	LBHIX	VIASP	RRTLX	XTWO	MTWO
FASIX		1.0	0.84	0.91	0.74	0.8	0.89	0.96	0.84	-0.9	FASIX
FTCWX	1.0		0.84	0.91	0.74	0.78	0.88	0.96	0.81	-0.89	FTCWX
BRRAY	0.84	0.84		0.9	0.8	0.69	0.94	0.88	0.78	-0.85	BRRAY
MSTSX	0.91	0.91	0.9		0.68	0.75	0.91	0.97	0.82	-0.88	MSTSX
ABHYX	0.74	0.74	0.8	0.68		0.6	0.76	0.7	0.64	-0.67	ABHYX
LBHIX	0.8	0.78	0.69	0.75	0.6		0.7	0.82	0.89	-0.82	LBHIX
VIASP	0.89	0.88	0.94	0.91	0.76	0.7		0.91	0.78	-0.9	VIASP
RRTLX	0.96	0.96	0.88	0.97	0.7	0.82	0.91		0.87	-0.91	RRTLX
XTWO	0.84	0.81	0.78	0.82	0.64	0.89	0.78	0.87		-0.86	XTWO
MTWO	-0.9	-0.89	-0.85	-0.88	-0.67	-0.82	-0.9	-0.91	-0.86		MTWO
	FASIX	FTCWX	BRRAY	MSTSX	ABHYX	LBHIX	VIASP	RRTLX	XTWO	MTWO

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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

FTCWX	+ 1.0	FASIX
RRTLX	+ 0.97	MSTSX
RRTLX	+ 0.96	FASIX
RRTLX	+ 0.96	FTCWX
VIASP	+ 0.94	BRRAY
MSTSX	+ 0.91	FASIX

High negative correlations

MTWO	- 0.91	RRTLX
MTWO	- 0.9	VIASP
MTWO	- 0.9	FASIX
MTWO	- 0.89	FTCWX
MTWO	- 0.88	MSTSX
MTWO	- 0.86	XTWO

Risk-Adjusted Indicators

There is a big difference between Lgm Mutual Fund performing well and Lgm Risk 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 Lgm Risk'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
FASIX	0.17	0.01	(0.11)	0.08	0.12	(0.19)	0.35	(0.35)	0.91
FTCWX	0.16	0.00	(0.12)	0.05	0.14	(0.19)	0.35	(0.35)	0.92
BRRAY	5.76	2.37	0.19	(0.94)	3.11	(29.13)	17.76	(10.94)	120.98
MSTSX	0.65	0.15	0.16	0.61	0.44	(0.81)	0.93	(1.09)	12.28
ABHYX	0.09	0.00	(0.16)	0.24	0.00	(0.19)	0.23	(0.23)	0.92
LBHIX	0.17	0.06	0.11	0.52	0.00	(0.33)	0.24	(0.24)	2.38
VIASP	0.28	0.03	(0.03)	2.00	0.26	(0.33)	0.64	(0.60)	2.04
RRTLX	0.26	0.04	0.04	0.17	0.15	(0.33)	0.57	(0.49)	3.30
XTWO	0.05	0.00	(0.63)	0.10	0.00	(0.06)	0.10	(0.10)	0.27
MTWO	4.26	(0.68)	0.00	(0.28)	0.00	0.00	9.09	(12.83)	25.70

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