Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTIX Fund  USD 11.05  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Leader Total Return is 0.93 (i.e., Almost no 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

Significant diversification

The correlation between Leader Total Return and DJI is 0.04 (i.e., Significant 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

  0.99LCATX Leader Total ReturnPairCorr
  0.88LCCMX Leader Short TermPairCorr
  0.89LCCIX Leader Short TermPairCorr
  0.99LCTRX Leader Total ReturnPairCorr
  0.77PTTPX Pimco Total ReturnPairCorr
  0.72PTRRX Total ReturnPairCorr
  0.72PTRAX Total ReturnPairCorr
  0.77PTTRX Total ReturnPairCorr
  0.88GAAKX Gmo Alternative AlloPairCorr
  0.88GAAGX Gmo Alternative AlloPairCorr
  0.71GPMFX Guidepath Managed FuturesPairCorr
  0.88PQTAX Pimco Trends ManagedPairCorr
  0.87PQTNX Pimco Trends ManagedPairCorr
  0.87PQTIX Aa Pimco TrPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.86ECTVX Eaton Vance TaxPairCorr
  0.81PEO Adams Natural ResourcesPairCorr
  0.87GVCAX Gabelli ValuePairCorr
  0.82CBLSX Cb Large CapPairCorr
  0.82SWDRX Schwab Target 2030PairCorr
  0.77MWEFX Mfs Global EquityPairCorr
  0.74ATVPX Alger 35 FundPairCorr
  0.67CNEYX Alger Concentrated EquityPairCorr
  0.7VLAAX Value Line AssetPairCorr
  0.7ALSRX Alger Smallcap GrowthPairCorr
  0.92PDIIX Diversified IncomePairCorr
  0.9LSFAX Loomis Sayles SeniorPairCorr
  0.86MYIMX Victory Integrity MidPairCorr
  0.86VCADX Vanguard CaliforniaPairCorr
  0.81PRQAX Pimco Realpath BlendPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY