Leader Total Correlations

LCATX Fund

USD 11.58 0.01 0.09%

The current 90-days correlation between Leader Total Return and Victory Integrity Small Cap is 0.02 (i.e., Significant 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 weak diversification

The correlation between Leader Total Return and DJI is 0.57 (i.e., Very weak 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 real.

Moving together with Leader Mutual Fund

0.7	LCCMX	Leader Short Term	Pair Corr
0.83	LCCIX	Leader Short Term	Pair Corr
0.87	LCTRX	Leader Total Return	Pair Corr
0.86	LCTIX	Leader Total Return	Pair Corr
0.72	PTTPX	Pimco Total Return	Pair Corr
0.7	PTRRX	Total Return	Pair Corr
0.7	PTRAX	Total Return	Pair Corr
0.72	PTTRX	Total Return	Pair Corr
0.62	PDI	Pimco Dynamic Income	Pair Corr
0.66	IEYAX	Ivy Energy Fund	Pair Corr
0.81	LPVKX	Blackrock Lifepath	Pair Corr
0.69	REMYX	Emerging Markets	Pair Corr
0.75	AABZX	American Century One	Pair Corr
0.9	LPPIX	Western Asset Pennsy	Pair Corr
0.81	CMSCX	Columbia Small Cap	Pair Corr
0.64	HFCVX	Hennessy Nerstone Value	Pair Corr
0.78	AVDVX	Avantis International	Pair Corr
0.7	MRVSX	Victory Integrity Small	Pair Corr
0.68	CEMDX	Cullen Emerging Markets	Pair Corr
0.89	SDMQX	Prudential Short Duration	Pair Corr
0.71	GTSCX	Small Cap Equity	Pair Corr
0.79	QGRIX	Oppenheimer Global	Pair Corr
0.83	JHRVX	Retirement Living Through	Pair Corr
0.72	BRMAX	Blackrock Midcap Index	Pair Corr

Moving against Leader Mutual Fund

0.7

UIPIX

Ultrashort Mid Cap

Pair Corr

Related Correlations Analysis

	HSCVX	FCSGX	EPASX	ESCIX	SECAX	HSVRX	MRVSX
HSCVX		0.86	0.78	0.7	0.9	0.95	0.97	HSCVX
FCSGX	0.86		0.81	0.82	0.97	0.9	0.86	FCSGX
EPASX	0.78	0.81		0.9	0.82	0.88	0.85	EPASX
ESCIX	0.7	0.82	0.9		0.82	0.85	0.79	ESCIX
SECAX	0.9	0.97	0.82	0.82		0.94	0.91	SECAX
HSVRX	0.95	0.9	0.88	0.85	0.94		0.98	HSVRX
MRVSX	0.97	0.86	0.85	0.79	0.91	0.98		MRVSX
	HSCVX	FCSGX	EPASX	ESCIX	SECAX	HSVRX	MRVSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HSCVX	0.69	0.06	0.07	0.13	0.66	(0.82)	2.18	(1.40)	4.16
FCSGX	1.11	0.28	0.26	0.30	0.74	(1.29)	2.03	(1.73)	18.80
EPASX	0.50	0.10	0.09	0.47	0.36	(0.60)	1.40	(0.78)	3.02
ESCIX	0.61	0.09	0.07	0.24	0.49	(0.73)	1.42	(1.04)	3.10
SECAX	1.00	0.19	0.19	0.23	0.75	(1.18)	2.21	(1.62)	10.95
HSVRX	0.90	0.14	0.15	0.17	0.79	(1.08)	2.47	(1.64)	5.28
MRVSX	0.72	0.06	0.07	0.13	0.69	(0.81)	2.14	(1.23)	4.59

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