Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTIX Fund  USD 11.08  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Us Vector Equity is -0.02 (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

Very poor diversification

The correlation between Leader Total Return and DJI is 0.83 (i.e., Very 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 gross domestic product.

Moving together with Leader Mutual Fund

  1.0LCATX Leader Total ReturnPairCorr
  0.84LCCMX Leader Short TermPairCorr
  0.75DODIX Dodge IncomePairCorr
  0.75DOXIX Dodge Cox IncomePairCorr
  0.74FIWGX Strategic AdvisersPairCorr
  0.69MWTSX Metropolitan West TotalPairCorr
  0.81PTTPX Pimco Total ReturnPairCorr
  0.78PTRRX Total ReturnPairCorr
  0.81PTRAX Total ReturnPairCorr
  0.81PTTRX Total ReturnPairCorr
  0.64PDBSX Prudential Total ReturnPairCorr
  0.73SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.74SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.89RSNRX Victory Global NaturalPairCorr
  0.88RSNYX Victory Global NaturalPairCorr
  0.88RGNCX Victory Global NaturalPairCorr
  0.89MLPNX Oppenheimer Steelpath MlpPairCorr
  0.89SPMPX Invesco Steelpath MlpPairCorr
  0.89MLPLX Oppenheimer Steelpath MlpPairCorr
  0.89SPMJX Invesco Steelpath MlpPairCorr
  0.78PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.83AAAUX Strategic Allocation:PairCorr
  0.84VEOIX Vanguard Trustees EquityPairCorr
  0.78DBOYX Dreyfus Balanced OppPairCorr
  0.91IVKIX Vy Invesco StockPairCorr
  0.92PGICX Virtus Rampart EnhancedPairCorr
  0.71APHQX Artisan Mid CapPairCorr
  0.91FACCX Nuveen All AmericanPairCorr
  0.84HWDVX Hartford WorldPairCorr
  0.86EVTTX Evaluator TacticallyPairCorr
  0.89APDFX Artisan High IncomePairCorr
  0.85BZEAX Ohio Variable CollegePairCorr
  0.89JNPSX Perkins Small CapPairCorr
  0.89RPIEX T Rowe PricePairCorr
  0.85PNECX Allianzgi Nfj DividendPairCorr
  0.95MMJDX Massmutual AdvantagePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Leader Mutual Fund performing well and Leader Total 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 Leader Total'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.

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