Locorr Longshort Correlations

LCSIX Fund

USD 8.98 0.01 0.11%

The current 90-days correlation between Locorr Longshort Modities and Locorr Market Trend is -0.06 (i.e., Good 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 -0.03 (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

0.92	LCSAX	Locorr Longshort Modities	Pair Corr
0.95	LCSCX	Locorr Longshort Modities	Pair Corr
0.74	VGTSX	Vanguard Total Inter	Pair Corr
0.71	VTIAX	Vanguard Total Inter	Pair Corr

Moving against Locorr Mutual Fund

0.82	PQTAX	Pimco Trends Managed	Pair Corr
0.82	PQTNX	Pimco Trends Managed	Pair Corr
0.81	AQMRX	Aqr Managed Futures	Pair Corr
0.74	ABYCX	Abbey Capital Futures	Pair Corr
0.71	AHLPX	American Beacon Ahl	Pair Corr
0.7	LOTCX	Locorr Market Trend	Pair Corr
0.69	LOTIX	Locorr Market Trend	Pair Corr
0.67	LOTAX	Locorr Market Trend	Pair Corr
0.65	LFMIX	Locorr Macro Strategies	Pair Corr
0.64	LFMAX	Locorr Macro Strategies	Pair Corr
0.63	LFMCX	Locorr Macro Strategies	Pair Corr
0.49	AMFNX	Asg Managed Futures	Pair Corr
0.47	LEQAX	Locorr Dynamic Equity	Pair Corr
0.46	LEQIX	Locorr Dynamic Equity	Pair Corr
0.45	LEQCX	Locorr Dynamic Equity	Pair Corr
0.75	ABYAX	Abbey Capital Futures	Pair Corr
0.75	ABYIX	Abbey Capital Futures	Pair Corr
0.75	BXMDX	Blackstone Alternative	Pair Corr
0.73	AOUIX	Angel Oak Ultrashort	Pair Corr
0.69	TSDCX	Touchstone Ultra Short	Pair Corr
0.64	BTCYX	Cboe Vest Bitcoin Steady Growth	Pair Corr
0.55	HSUAX	Rational Defensive Growth	Pair Corr
0.51	ASFYX	Asg Managed Futures	Pair Corr
0.47	AMFAX	Asg Managed Futures	Pair Corr
0.42	VFIAX	Vanguard 500 Index	Pair Corr
0.38	VTSAX	Vanguard Total Stock	Pair Corr
0.36	VFFSX	Vanguard 500 Index	Pair Corr
0.35	VFINX	Vanguard 500 Index	Pair Corr
0.33	MPHZX	Massmutual Premier High	Pair Corr
0.31	VTSMX	Vanguard Total Stock	Pair Corr
0.31	VSMPX	Vanguard Total Stock	Pair Corr
0.31	VSTSX	Vanguard Total Stock	Pair Corr
0.31	VITSX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LCSIX	LEQCX
LOTCX		0.81	0.91	-0.1	-0.05	-0.06	-0.69	-0.71	-0.7	0.58	LOTCX
LOTAX	0.81		0.91	0.0	0.04	0.04	-0.69	-0.7	-0.67	0.63	LOTAX
LOTIX	0.91	0.91		-0.05	-0.01	-0.02	-0.7	-0.71	-0.69	0.63	LOTIX
LSPCX	-0.1	0.0	-0.05		0.92	1.0	0.41	0.47	0.53	0.18	LSPCX
LSPAX	-0.05	0.04	-0.01	0.92		0.91	0.46	0.51	0.54	0.24	LSPAX
LSPIX	-0.06	0.04	-0.02	1.0	0.91		0.38	0.44	0.5	0.2	LSPIX
LCSAX	-0.69	-0.69	-0.7	0.41	0.46	0.38		0.95	0.92	-0.44	LCSAX
LCSCX	-0.71	-0.7	-0.71	0.47	0.51	0.44	0.95		0.95	-0.45	LCSCX
LCSIX	-0.7	-0.67	-0.69	0.53	0.54	0.5	0.92	0.95		-0.45	LCSIX
LEQCX	0.58	0.63	0.63	0.18	0.24	0.2	-0.44	-0.45	-0.45		LEQCX
	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LCSIX	LEQCX

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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

LSPIX	+ 1.0	LSPCX
LCSCX	+ 0.95	LCSAX
LCSIX	+ 0.95	LCSCX
LSPAX	+ 0.92	LSPCX
LCSIX	+ 0.92	LCSAX
LOTIX	+ 0.91	LOTCX

High negative correlations

LCSCX	- 0.71	LOTIX
LCSCX	- 0.71	LOTCX
LCSAX	- 0.7	LOTIX
LCSCX	- 0.7	LOTAX
LCSIX	- 0.7	LOTCX
LCSIX	- 0.69	LOTIX

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
LOTCX	0.54	0.07	0.09	1.39	0.61	(0.60)	1.01	(0.98)	3.31
LOTAX	0.53	0.06	0.08	0.16	0.61	(0.59)	1.02	(0.91)	3.19
LOTIX	0.53	0.06	0.08	(2.16)	0.61	(0.58)	1.02	(0.90)	3.27
LSPCX	0.47	0.01	0.03	0.04	0.54	(0.63)	0.91	(0.72)	3.10
LSPAX	0.49	0.01	0.02	0.05	0.56	(0.64)	1.08	(0.74)	3.52
LSPIX	0.49	0.02	0.02	0.04	0.56	(0.67)	0.94	(0.74)	3.35
LCSAX	0.37	(0.05)	0.00	(2.12)	0.00	0.00	0.70	(0.68)	2.86
LCSCX	0.36	(0.06)	0.00	(0.78)	0.00	0.00	0.74	(0.71)	2.90
LCSIX	0.36	(0.05)	0.00	2.93	0.00	0.00	0.69	(0.78)	2.83
LEQCX	0.41	0.05	0.09	0.31	0.42	(0.45)	0.87	(0.71)	2.97

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