Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCATX Fund  USD 11.66  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Leader Short Term Bond is -0.11 (i.e., Good 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

Good diversification

The correlation between Leader Total Return and DJI is -0.03 (i.e., Good 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 estimate.

Moving together with Leader Mutual Fund

  0.92LCCMX Leader Short TermPairCorr
  0.92LCCIX Leader Short TermPairCorr
  1.0LCTRX Leader Total ReturnPairCorr
  0.97LCTIX Leader Total ReturnPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.78VFIAX Vanguard 500 IndexPairCorr
  0.78VTSMX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.78VFINX Vanguard 500 IndexPairCorr
  0.79VFFSX Vanguard 500 IndexPairCorr
  0.78FXAIX Fidelity 500 IndexPairCorr
  0.77FPURX Fidelity PuritanPairCorr
  0.77GRSPX Greenspring Fund RetailPairCorr
  0.71DPG Duff And PhelpsPairCorr
  0.71VWENX Vanguard WellingtonPairCorr
  0.72RYVYX Nasdaq 100 2xPairCorr
  0.78INDEX Sp 500 EqualPairCorr
  0.81LLPFX Longleaf PartnersPairCorr
  0.77FSUTX Utilities PortfolioPairCorr
  0.77VTMFX Vanguard Tax ManagedPairCorr
  0.75THMAX Thrivent ModeratePairCorr
  0.78CMEUX Six Circles ManagedPairCorr
  0.8LTFOX Lord Abbett AffiliatedPairCorr

Moving against Leader Mutual Fund

  0.68MWTNX Metropolitan West TotalPairCorr
  0.68DODIX Dodge IncomePairCorr
  0.68MWTIX Metropolitan West TotalPairCorr
  0.67MWTRX Metropolitan West TotalPairCorr
  0.65MWTSX Metropolitan West TotalPairCorr
  0.65FIWGX Strategic AdvisersPairCorr
  0.64PTRRX Total ReturnPairCorr
  0.64PTRAX Total ReturnPairCorr
  0.63PTTPX Pimco Total ReturnPairCorr
  0.63PTTRX Total ReturnPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY