Leader Total Correlations

LCTRX Fund

USD 11.22 0.01 0.09%

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 0.08 (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 metropolitan statistical area.

Moving together with Leader Mutual Fund

0.99	LCATX	Leader Total Return	Pair Corr
0.95	LCCMX	Leader Short Term	Pair Corr
0.68	LCCIX	Leader Short Term	Pair Corr
0.99	LCTIX	Leader Total Return	Pair Corr
0.65	RYAFX	Inverse Russell 2000	Pair Corr
0.86	PGIKX	Pgim Esg Short	Pair Corr
0.93	ODIDX	Oaktree Diversifiedome	Pair Corr
0.92	FPPSX	Mfs Prudent Investor	Pair Corr
0.66	PIEJX	International Emerging	Pair Corr
0.83	ABNYX	Ab Bond Inflation	Pair Corr
0.86	PPSAX	Preferred Securities	Pair Corr
0.86	FGADX	Franklin Gold Precious Steady Growth	Pair Corr
0.92	RAMBX	Short Term Bond	Pair Corr
0.85	FRFZX	Prudential Floating Rate	Pair Corr
0.9	OSICX	Oppenheimer Strategic	Pair Corr
0.97	AMFIX	Aama Income Fund	Pair Corr
0.85	FECRX	First Eagle Credit	Pair Corr
0.83	AGYCX	Global Gold Fund Steady Growth	Pair Corr
0.86	FRGOX	Franklin Gold Precious Steady Growth	Pair Corr

Moving against Leader Mutual Fund

0.76	SMPIX	Semiconductor Ultrasector	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr

Related Correlations Analysis

	PBHAX	PHIAX	RIMOX	PYRLX	FPIOX	GHVIX	RYIHX	BUFHX
PBHAX		0.96	0.92	0.97	0.97	0.96	-0.43	0.9	PBHAX
PHIAX	0.96		0.91	0.96	0.94	0.98	-0.5	0.86	PHIAX
RIMOX	0.92	0.91		0.92	0.87	0.89	-0.15	0.97	RIMOX
PYRLX	0.97	0.96	0.92		0.97	0.98	-0.45	0.92	PYRLX
FPIOX	0.97	0.94	0.87	0.97		0.96	-0.48	0.87	FPIOX
GHVIX	0.96	0.98	0.89	0.98	0.96		-0.57	0.86	GHVIX
RYIHX	-0.43	-0.5	-0.15	-0.45	-0.48	-0.57		-0.09	RYIHX
BUFHX	0.9	0.86	0.97	0.92	0.87	0.86	-0.09		BUFHX
	PBHAX	PHIAX	RIMOX	PYRLX	FPIOX	GHVIX	RYIHX	BUFHX

Click cells to compare fundamentals

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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

GHVIX	+ 0.98	PHIAX
GHVIX	+ 0.98	PYRLX
PYRLX	+ 0.97	PBHAX
FPIOX	+ 0.97	PBHAX
BUFHX	+ 0.97	RIMOX
FPIOX	+ 0.97	PYRLX

High negative correlations

RYIHX	- 0.57	GHVIX
RYIHX	- 0.5	PHIAX
RYIHX	- 0.48	FPIOX
RYIHX	- 0.45	PYRLX
RYIHX	- 0.43	PBHAX
RYIHX	- 0.15	RIMOX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PBHAX	0.15	0.02	0.34	(0.57)	0.00	(0.32)	0.63	(0.21)	1.06
PHIAX	0.10	0.00	0.40	0.00	0.00	(0.16)	0.23	(0.23)	0.69
RIMOX	0.05	0.03	0.76	0.86	0.00	(0.08)	0.15	(0.10)	0.36
PYRLX	0.12	0.01	0.30	(6.89)	0.00	(0.20)	0.31	(0.16)	0.80
FPIOX	0.16	0.01	0.35	(0.35)	0.05	(0.24)	0.46	(0.23)	1.04
GHVIX	0.14	0.01	0.38	(0.46)	0.08	(0.17)	0.24	(0.24)	0.84
RYIHX	0.23	0.00	0.16	(0.10)	0.31	(0.27)	0.39	(0.48)	2.36
BUFHX	0.08	0.01	0.49	(2.14)	0.00	(0.12)	0.19	(0.09)	0.56

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