Locorr Longshort Correlations

LCSIX Fund

USD 8.60 0.02 0.23%

The current 90-days correlation between Locorr Longshort Modities and Franklin High Yield is 0.06 (i.e., Significant diversification). The correlation of Locorr Longshort 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 Longshort Correlation With Market

Good diversification

The correlation between Locorr Longshort Modities and DJI is -0.02 (i.e., Good 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

0.85	LHEIX	Locorr Hedged Core	Pair Corr
1.0	LCSAX	Locorr Longshort Modities	Pair Corr
0.7	LCSCX	Locorr Longshort Modities	Pair Corr

Moving against Locorr Mutual Fund

0.47

SHRSX

Western Asset California

Pair Corr

Related Correlations Analysis

	FHYIX	GHVIX	PRVBX	PRINX	ARTFX	SGYAX	TFBIX
FHYIX		0.52	0.07	0.93	0.34	0.29	0.96	FHYIX
GHVIX	0.52		0.64	0.31	0.86	0.9	0.48	GHVIX
PRVBX	0.07	0.64		-0.09	0.59	0.65	0.07	PRVBX
PRINX	0.93	0.31	-0.09		0.18	0.07	0.97	PRINX
ARTFX	0.34	0.86	0.59	0.18		0.89	0.31	ARTFX
SGYAX	0.29	0.9	0.65	0.07	0.89		0.24	SGYAX
TFBIX	0.96	0.48	0.07	0.97	0.31	0.24		TFBIX
	FHYIX	GHVIX	PRVBX	PRINX	ARTFX	SGYAX	TFBIX

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

TFBIX	+ 0.97	PRINX
TFBIX	+ 0.96	FHYIX
PRINX	+ 0.93	FHYIX
SGYAX	+ 0.9	GHVIX
SGYAX	+ 0.89	ARTFX
ARTFX	+ 0.86	GHVIX

High negative correlations

PRINX

- 0.09

PRVBX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Longshort 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 Longshort'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
FHYIX	0.08	0.01	(0.38)	(1.68)	0.00	(0.16)	0.22	(0.22)	0.55
GHVIX	0.12	0.01	(0.34)	0.30	0.00	(0.15)	0.29	(0.23)	0.77
PRVBX	0.07	(0.01)	(0.77)	(0.11)	0.07	(0.07)	0.14	(0.14)	0.36
PRINX	0.07	0.01	(0.41)	(2.02)	0.00	(0.13)	0.18	(0.09)	0.71
ARTFX	0.09	(0.01)	(0.49)	(0.04)	0.04	(0.17)	0.22	(0.22)	0.66
SGYAX	0.13	0.01	(0.32)	(1.10)	0.02	(0.26)	0.29	(0.29)	1.00
TFBIX	0.07	0.01	(0.40)	(0.69)	0.00	(0.14)	0.20	(0.10)	0.60

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