Locorr Dynamic Correlations

LEQAX Fund

USD 10.86 0.06 0.55%

The current 90-days correlation between Locorr Dynamic Equity and Locorr Hedged Core is 0.01 (i.e., Significant diversification). The correlation of Locorr Dynamic 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.

Locorr Dynamic Correlation With Market

Good diversification

The correlation between Locorr Dynamic Equity and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Dynamic Equity 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 Locorr Dynamic Equity. 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 nation.

Moving together with Locorr Mutual Fund

0.83

LEQCX

Locorr Dynamic Equity

Pair Corr

Moving against Locorr Mutual Fund

0.51	LOTCX	Locorr Market Trend	Pair Corr
0.51	LOTIX	Locorr Market Trend	Pair Corr
0.42	LOTAX	Locorr Market Trend	Pair Corr
0.39	LFMIX	Locorr Macro Strategies	Pair Corr
0.32	LFMAX	Locorr Macro Strategies	Pair Corr
0.38	HOVLX	Value Fund Value	Pair Corr
0.36	TLLIX	Tiaa Cref Lifecycle	Pair Corr
0.35	TBCUX	Tweedy Browne Global	Pair Corr

Related Correlations Analysis

	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX
LHEAX		0.85	0.47	0.57	0.47	-0.1	-0.07	-0.08	0.8	0.6	LHEAX
LHEIX	0.85		0.55	0.42	0.55	-0.03	-0.05	-0.01	0.71	0.75	LHEIX
LOTCX	0.47	0.55		0.82	1.0	0.45	0.43	0.46	-0.02	-0.08	LOTCX
LOTAX	0.57	0.42	0.82		0.82	0.32	0.46	0.33	0.02	-0.15	LOTAX
LOTIX	0.47	0.55	1.0	0.82		0.47	0.46	0.48	-0.02	-0.09	LOTIX
LSPCX	-0.1	-0.03	0.45	0.32	0.47		0.82	1.0	-0.21	-0.24	LSPCX
LSPAX	-0.07	-0.05	0.43	0.46	0.46	0.82		0.83	-0.26	-0.36	LSPAX
LSPIX	-0.08	-0.01	0.46	0.33	0.48	1.0	0.83		-0.19	-0.23	LSPIX
LCSAX	0.8	0.71	-0.02	0.02	-0.02	-0.21	-0.26	-0.19		0.85	LCSAX
LCSCX	0.6	0.75	-0.08	-0.15	-0.09	-0.24	-0.36	-0.23	0.85		LCSCX
	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX

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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

LOTIX	+ 1.0	LOTCX
LSPIX	+ 1.0	LSPCX
LHEIX	+ 0.85	LHEAX
LCSCX	+ 0.85	LCSAX
LSPIX	+ 0.83	LSPAX
LOTAX	+ 0.82	LOTCX

High negative correlations

LCSCX	- 0.36	LSPAX
LCSAX	- 0.26	LSPAX
LCSCX	- 0.24	LSPCX
LCSCX	- 0.23	LSPIX
LCSAX	- 0.21	LSPCX
LCSAX	- 0.19	LSPIX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Dynamic 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 Locorr Dynamic'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
LHEAX	0.23	0.00	(0.20)	0.00	0.27	(0.26)	0.43	(0.52)	1.68
LHEIX	0.23	(0.02)	(0.20)	(0.03)	0.27	(0.29)	0.42	(0.52)	1.58
LOTCX	0.66	0.01	0.00	0.08	0.74	(0.73)	1.39	(1.07)	3.71
LOTAX	0.65	0.08	0.03	0.61	0.67	(0.73)	1.39	(1.00)	3.67
LOTIX	0.65	0.02	0.00	0.09	0.72	(0.73)	1.39	(1.09)	3.66
LSPCX	0.44	0.06	0.04	0.21	0.35	(0.54)	0.91	(0.74)	2.23
LSPAX	0.45	0.03	(0.04)	0.33	0.53	(0.49)	0.76	(0.91)	2.27
LSPIX	0.43	0.06	0.03	0.20	0.37	(0.52)	0.77	(0.76)	2.29
LCSAX	0.26	(0.03)	0.00	1.42	0.00	0.00	0.47	(0.69)	2.21
LCSCX	0.27	(0.05)	0.00	(0.31)	0.00	0.00	0.50	(0.74)	2.35

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