Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTRX Fund  USD 11.14  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Leader Short Term Bond is -0.06 (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

Good diversification

The correlation between Leader Total Return and DJI is -0.06 (i.e., Good 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

  1.0LCATX Leader Total ReturnPairCorr
  0.92LCCMX Leader Short TermPairCorr
  0.92LCCIX Leader Short TermPairCorr
  0.96LCTIX Leader Total ReturnPairCorr
  0.77VTSAX Vanguard Total StockPairCorr
  0.77VFIAX Vanguard 500 IndexPairCorr
  0.77VTSMX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.77VFINX Vanguard 500 IndexPairCorr
  0.77VFFSX Vanguard 500 IndexPairCorr
  0.77FXAIX Fidelity 500 IndexPairCorr
  0.75FPURX Fidelity PuritanPairCorr
  0.76GRSPX Greenspring Fund RetailPairCorr
  0.73DPG Duff And PhelpsPairCorr
  0.7VWENX Vanguard WellingtonPairCorr
  0.7RYVYX Nasdaq 100 2xPairCorr
  0.77INDEX Sp 500 EqualPairCorr
  0.79LLPFX Longleaf PartnersPairCorr
  0.76FSUTX Utilities PortfolioPairCorr
  0.76VTMFX Vanguard Tax ManagedPairCorr
  0.62MAAYX Morgan Stanley FocusPairCorr
  0.73THMAX Thrivent ModeratePairCorr
  0.76CMEUX Six Circles ManagedPairCorr
  0.79LTFOX Lord Abbett AffiliatedPairCorr

Moving against Leader Mutual Fund

  0.66MWTNX Metropolitan West TotalPairCorr
  0.66DODIX Dodge IncomePairCorr
  0.66MWTIX Metropolitan West TotalPairCorr
  0.65MWTRX Metropolitan West TotalPairCorr
  0.63MWTSX Metropolitan West TotalPairCorr
  0.63FIWGX Strategic AdvisersPairCorr
  0.62PTRRX Total ReturnPairCorr
  0.62PTRAX Total ReturnPairCorr
  0.61PTTPX Pimco Total ReturnPairCorr
  0.61PTTRX Total ReturnPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY