Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCATX Fund  USD 11.60  0.02  0.17%   
The current 90-days correlation between Leader Total Return and Leader Short Term Bond is 0.36 (i.e., Weak diversification). The correlation of Leader Total 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.

Leader Total Correlation With Market

Very poor diversification

The correlation between Leader Total Return and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leader Total Return 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 Leader Total Return. 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 persons.

Moving together with Leader Mutual Fund

  0.85LCCMX Leader Short TermPairCorr
  0.97LCTIX Leader Total ReturnPairCorr
  0.78DODIX Dodge IncomePairCorr
  0.78DOXIX Dodge Cox IncomePairCorr
  0.79FIWGX Strategic AdvisersPairCorr
  0.68MWTSX Metropolitan West TotalPairCorr
  0.84PTTPX Pimco Total ReturnPairCorr
  0.82PTRRX Total ReturnPairCorr
  0.84PTRAX Total ReturnPairCorr
  0.85PTTRX Total ReturnPairCorr
  0.68PDBSX Prudential Total ReturnPairCorr
  0.74SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.75SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.9RSNRX Victory Global NaturalPairCorr
  0.89RSNYX Victory Global NaturalPairCorr
  0.89RGNCX Victory Global NaturalPairCorr
  0.9MLPNX Oppenheimer Steelpath MlpPairCorr
  0.9SPMPX Invesco Steelpath MlpPairCorr
  0.91MLPLX Oppenheimer Steelpath MlpPairCorr
  0.91SPMJX Invesco Steelpath MlpPairCorr
  0.77PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.84AAAUX Strategic Allocation:PairCorr
  0.83VEOIX Vanguard Trustees EquityPairCorr
  0.78DBOYX Dreyfus Balanced OppPairCorr
  0.91IVKIX Vy Invesco StockPairCorr
  0.93PGICX Virtus Rampart EnhancedPairCorr
  0.71APHQX Artisan Mid CapPairCorr
  0.89FACCX Nuveen All AmericanPairCorr
  0.86HWDVX Hartford WorldPairCorr
  0.86EVTTX Evaluator TacticallyPairCorr
  0.91APDFX Artisan High IncomePairCorr
  0.86BZEAX Ohio Variable CollegePairCorr
  0.89JNPSX Perkins Small CapPairCorr
  0.89RPIEX T Rowe PricePairCorr
  0.85PNECX Allianzgi Nfj DividendPairCorr
  0.95MMJDX Massmutual AdvantagePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Leader Mutual Fund performing well and Leader Total 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 Leader Total'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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