Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTRX Fund  USD 11.07  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Leader Short Term Bond is 0.36 (i.e., Weak 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 0.84 (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 real.

Moving together with Leader Mutual Fund

  1.0LCATX Leader Total ReturnPairCorr
  0.73LCCMX Leader Short TermPairCorr
  0.85LCCIX Leader Short TermPairCorr
  1.0LCTIX Leader Total ReturnPairCorr
  0.7MWTNX Metropolitan West TotalPairCorr
  0.86PTTPX Pimco Total ReturnPairCorr
  0.84PTRRX Total ReturnPairCorr
  0.86PTTRX Total ReturnPairCorr
  0.83PDBSX Prudential Total ReturnPairCorr
  0.66VTSAX Vanguard Total StockPairCorr
  0.63VFIAX Vanguard 500 IndexPairCorr
  0.65VTSMX Vanguard Total StockPairCorr
  0.66VSTSX Vanguard Total StockPairCorr
  0.66VSMPX Vanguard Total StockPairCorr
  0.66VITSX Vanguard Total StockPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.63VFINX Vanguard 500 IndexPairCorr
  0.63VFFSX Vanguard 500 IndexPairCorr
  0.79VBTLX Vanguard Total BondPairCorr
  0.66ILABX Voya Bond IndexPairCorr
  0.76WIMVX Westcore Global LargePairCorr
  0.83RALAX Growth StrategyPairCorr
  0.86HIGUX Eagle Growth IncomePairCorr
  0.92CVSCX Calamos Market NeutralPairCorr
  0.72BRIUX Baron Real EstatePairCorr
  0.93TIHIX Transamerica InternationalPairCorr
  0.87IORJX Aim Taxexempt FundsPairCorr
  0.66PFRZX Putnam Floating RatePairCorr
  0.84QCSCPX Cref Social ChoicePairCorr
  0.91AVDVX Avantis InternationalPairCorr
  0.93FMFEX Materials PortfolioPairCorr
  0.75RICCX Investment Of AmericaPairCorr
  0.91JEVNX Emerging MarketsPairCorr
  0.85RMCFX 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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