Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTIX Fund  USD 11.11  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Blackrock Sm Cap is -0.14 (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

Poor diversification

The correlation between Leader Total Return and DJI is 0.78 (i.e., 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
  0.62LCCMX Leader Short TermPairCorr
  0.71LCCIX Leader Short TermPairCorr
  1.0LCTRX Leader Total ReturnPairCorr
  0.85DODIX Dodge IncomePairCorr
  0.85DOXIX Dodge Cox IncomePairCorr
  0.84FIWGX Strategic AdvisersPairCorr
  0.79MWTNX Metropolitan West TotalPairCorr
  0.81MWTSX Metropolitan West TotalPairCorr
  0.88PTTPX Pimco Total ReturnPairCorr
  0.87PTRRX Total ReturnPairCorr
  0.88PTRAX Total ReturnPairCorr
  0.89PTTRX Total ReturnPairCorr
  0.87PDBSX Prudential Total ReturnPairCorr
  0.7SMPIX Semiconductor UltrasectorPairCorr
  0.7SMPSX Semiconductor Ultrasector Potential GrowthPairCorr
  0.81PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.81PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.83FGADX Franklin Gold Precious Steady GrowthPairCorr
  0.84OCMAX Ocm Mutual Fund Steady GrowthPairCorr
  0.85INIIX International Investors Steady GrowthPairCorr
  0.85IIGCX International Investors Steady GrowthPairCorr
  0.83FGPMX Franklin Gold And Steady GrowthPairCorr
  0.82FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.84VFICX Vanguard IntermediatePairCorr
  0.84CONOX Lazard FundsPairCorr
  0.88SVPSX Small Cap ValuePairCorr
  0.81PFPWX Parnassus EndeavorPairCorr
  0.92TEDSX Franklin Mutual GlobalPairCorr
  0.85PCSIX Pace Strategic FixedPairCorr
  0.88BDKNX Braddock Multi StrategyPairCorr
  0.87RERAX Europacific GrowthPairCorr
  0.96FASDX Fidelity StrategicPairCorr
  0.72PLIBX Plumb BalancedPairCorr
  0.82SSGAX Saat Aggressive StrategyPairCorr
  0.97VWITX Vanguard Intermediate-terPairCorr
  0.89PDX Pimco Energy TacticalPairCorr

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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