Locorr Long/short Correlations

LCSIX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between Locorr Longshort Modities and Calamos Dynamic Convertible is 0.07 (i.e., Significant diversification). The correlation of Locorr Long/short 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.

Locorr Long/short Correlation With Market

Average diversification

The correlation between Locorr Longshort Modities and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Longshort Modities 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 Locorr Longshort Modities. 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 gross domestic product.

Moving together with Locorr Mutual Fund

0.7	LOTCX	Locorr Market Trend	Pair Corr
0.7	LOTAX	Locorr Market Trend	Pair Corr
0.68	LOTIX	Locorr Market Trend	Pair Corr
0.97	LCSAX	Locorr Longshort Modities	Pair Corr
1.0	LCSCX	Locorr Longshort Modities	Pair Corr
0.62	PQTAX	Pimco Trends Managed	Pair Corr
0.62	PQTNX	Pimco Trends Managed	Pair Corr
0.79	AMFNX	Asg Managed Futures	Pair Corr
0.71	ABYCX	Abbey Capital Futures	Pair Corr
0.69	ABYAX	Abbey Capital Futures	Pair Corr
0.68	ABYIX	Abbey Capital Futures	Pair Corr
0.8	AMFAX	Asg Managed Futures	Pair Corr
0.8	ASFYX	Asg Managed Futures	Pair Corr

Moving against Locorr Mutual Fund

0.79	LEQAX	Locorr Dynamic Equity	Pair Corr
0.78	LEQCX	Locorr Dynamic Equity	Pair Corr
0.77	LEQIX	Locorr Dynamic Equity	Pair Corr
0.9	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.89	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.89	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.88	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.78	WAEXX	Western Asset Premier	Pair Corr
0.71	CMEUX	Six Circles Managed	Pair Corr
0.68	LETRX	Voya Russia Fund	Pair Corr
0.64	VWENX	Vanguard Wellington	Pair Corr
0.62	SMPSX	Semiconductor Ultrasector	Pair Corr
0.55	GAB	Gabelli Equity Trust	Pair Corr
0.49	MAAYX	Morgan Stanley Focus	Pair Corr

Related Correlations Analysis

	CCD	LACCX	CNSDX	GCV	PBXIX	FACVX	XNCVX
CCD		0.46	0.54	-0.32	0.64	0.49	0.45	CCD
LACCX	0.46		0.98	0.02	0.92	0.97	0.97	LACCX
CNSDX	0.54	0.98		-0.05	0.96	0.98	0.96	CNSDX
GCV	-0.32	0.02	-0.05		-0.09	-0.07	-0.05	GCV
PBXIX	0.64	0.92	0.96	-0.09		0.96	0.95	PBXIX
FACVX	0.49	0.97	0.98	-0.07	0.96		0.99	FACVX
XNCVX	0.45	0.97	0.96	-0.05	0.95	0.99		XNCVX
	CCD	LACCX	CNSDX	GCV	PBXIX	FACVX	XNCVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XNCVX	+ 0.99	FACVX
CNSDX	+ 0.98	LACCX
FACVX	+ 0.98	CNSDX
FACVX	+ 0.97	LACCX
XNCVX	+ 0.97	LACCX
PBXIX	+ 0.96	CNSDX

High negative correlations

GCV	- 0.32	CCD
PBXIX	- 0.09	GCV
FACVX	- 0.07	GCV
XNCVX	- 0.05	GCV
GCV	- 0.05	CNSDX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Long/short 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 Locorr Long/short'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
CCD	0.71	0.03	(0.02)	0.16	0.73	(0.83)	1.88	(1.56)	4.27
LACCX	0.38	0.08	0.06	0.26	0.06	(0.45)	0.99	(0.66)	2.20
CNSDX	0.39	0.05	0.02	0.21	0.21	(0.47)	0.88	(0.73)	2.02
GCV	0.90	0.10	0.02	0.45	1.23	(0.94)	1.87	(1.80)	7.45
PBXIX	0.31	0.08	(0.05)	1.72	0.00	(0.41)	0.83	(0.55)	1.94
FACVX	0.46	0.15	0.11	7.25	0.16	(0.56)	1.10	(0.71)	2.69
XNCVX	0.48	0.12	0.03	5.07	0.43	(0.62)	1.29	(0.80)	3.03

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