Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Small
LCGRX Fund  USD 26.02  0.29  1.13%   
The current 90-days correlation between Loomis Sayles Small and Allianzgi Health Sciences is 0.45 (i.e., Very weak diversification). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Weak diversification

The correlation between Loomis Sayles Small and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Small 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 Loomis Sayles Small. 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 metropolitan statistical area.

Moving together with Loomis Mutual Fund

  0.61LIPNX Loomis Sayles InflationPairCorr
  0.61LIPRX Loomis Sayles InflationPairCorr
  0.89LSCNX Loomis Sayles SmallPairCorr
  0.89LSCRX Loomis Sayles SmallPairCorr
  0.61LSGSX Loomis Sayles InflationPairCorr
  0.68LSIGX Loomis Sayles InvestmentPairCorr
  0.84LSMIX Loomis Sayles SmallmidPairCorr
  0.84LSMNX Loomis Sayles SmallmidPairCorr
  0.89LSSCX Loomis Sayles SmallPairCorr
  1.0LSSIX Loomis Sayles SmallPairCorr
  0.87LSVAX Loomis Sayles SmallPairCorr
  0.79VSGAX Vanguard Small CapPairCorr
  0.79VSGIX Vanguard Small CapPairCorr
  0.79VISGX Vanguard Small CapPairCorr
  0.94VEXPX Vanguard ExplorerPairCorr
  0.94VEXRX Vanguard ExplorerPairCorr
  0.67JGMIX Janus TritonPairCorr
  0.65JGMRX Janus TritonPairCorr
  0.67JGMAX Janus TritonPairCorr
  0.63JGMCX Janus TritonPairCorr
  0.71JGMNX Janus TritonPairCorr
  0.78RYVLX Nasdaq 100 2xPairCorr
  0.77RYVYX Nasdaq 100 2xPairCorr
  0.85RYCCX Nasdaq 100 2xPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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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