Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCATX Fund  USD 11.59  0.02  0.17%   
The current 90-days correlation between Leader Total Return and Leader Short Term Bond is -0.08 (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

Poor diversification

The correlation between Leader Total Return and DJI is 0.71 (i.e., 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 population.

Moving together with Leader Mutual Fund

  0.96LCTRX Leader Total ReturnPairCorr
  0.98LCTIX Leader Total ReturnPairCorr
  0.88DODIX Dodge IncomePairCorr
  0.88DOXIX Dodge Cox IncomePairCorr
  0.87FIWGX Strategic AdvisersPairCorr
  0.84MWTNX Metropolitan West TotalPairCorr
  0.86MWTSX Metropolitan West TotalPairCorr
  0.88PTTPX Pimco Total ReturnPairCorr
  0.88PTRRX Total ReturnPairCorr
  0.89PTRAX Total ReturnPairCorr
  0.88PTTRX Total ReturnPairCorr
  0.89PDBSX Prudential Total ReturnPairCorr
  0.61SMPIX Semiconductor UltrasectorPairCorr
  0.62SMPSX Semiconductor UltrasectorPairCorr
  0.81PMPIX Precious Metals UltrPairCorr
  0.81PMPSX Precious Metals UltrPairCorr
  0.84FGADX Franklin Gold PreciousPairCorr
  0.85OCMAX Ocm Mutual FundPairCorr
  0.87INIIX International InvestorsPairCorr
  0.87IIGCX International InvestorsPairCorr
  0.83FGPMX Franklin Gold AndPairCorr
  0.82FKRCX Franklin Gold PreciousPairCorr
  0.85VFICX Vanguard IntermediatePairCorr
  0.82CONOX Lazard FundsPairCorr
  0.88SVPSX Small Cap ValuePairCorr
  0.78PFPWX Parnassus EndeavorPairCorr
  0.93TEDSX Franklin Mutual GlobalPairCorr
  0.88PCSIX Pace Strategic FixedPairCorr
  0.88BDKNX Braddock Multi StrategyPairCorr
  0.82RERAX Europacific GrowthPairCorr
  0.97FASDX Fidelity StrategicPairCorr
  0.63PLIBX Plumb BalancedPairCorr
  0.8SSGAX Saat Aggressive StrategyPairCorr
  0.97VWITX Vanguard Intermediate-terPairCorr
  0.89PDX Pimco Energy TacticalPairCorr

Related Correlations Analysis

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