Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTIX Fund  USD 11.10  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Davenport Small Cap is 0.06 (i.e., Significant 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 0.82 (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
  0.83LCCMX Leader Short TermPairCorr
  0.83LCCIX Leader Short TermPairCorr
  1.0LCTRX Leader Total ReturnPairCorr
  0.78DODIX Dodge IncomePairCorr
  0.78DOXIX Dodge Cox IncomePairCorr
  0.79FIWGX Strategic AdvisersPairCorr
  0.74MWTSX Metropolitan West TotalPairCorr
  0.85PTRAX Total ReturnPairCorr
  0.64VTSAX Vanguard Total StockPairCorr
  0.61VFIAX Vanguard 500 IndexPairCorr
  0.63VTSMX Vanguard Total StockPairCorr
  0.64VSTSX Vanguard Total StockPairCorr
  0.64VSMPX Vanguard Total StockPairCorr
  0.64VITSX Vanguard Total StockPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.61VFINX Vanguard 500 IndexPairCorr
  0.61VFFSX Vanguard 500 IndexPairCorr
  0.78VBTLX Vanguard Total BondPairCorr
  0.66ILABX Voya Bond IndexPairCorr
  0.74WIMVX Westcore Global LargePairCorr
  0.81RALAX Growth StrategyPairCorr
  0.84HIGUX Eagle Growth IncomePairCorr
  0.91CVSCX Calamos Market NeutralPairCorr
  0.71BRIUX Baron Real EstatePairCorr
  0.92TIHIX Transamerica InternationalPairCorr
  0.84IORJX Aim Taxexempt FundsPairCorr
  0.63PFRZX Putnam Floating RatePairCorr
  0.82QCSCPX Cref Social ChoicePairCorr
  0.62AVDVX Avantis InternationalPairCorr
  0.92FMFEX Materials PortfolioPairCorr
  0.73RICCX Investment Of AmericaPairCorr
  0.7JEVNX Emerging MarketsPairCorr
  0.83RMCFX Royce Micro CapPairCorr

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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