Locorr Dynamic Correlations

Mutual Funds . USA . 
Fund . Locorr Dynamic Equity
LEQAX Fund  USD 10.73  0.15  1.38%   
The current 90-days correlation between Locorr Dynamic Equity and Transamerica Large Cap is -0.05 (i.e., Good 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

Poor diversification

The correlation between Locorr Dynamic Equity and DJI is 0.77 (i.e., Poor 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 various price indices.

Moving together with Locorr Mutual Fund

  1.0LEQCX Locorr Dynamic EquityPairCorr
  0.71FSMMX Fs Multi StrategyPairCorr
  0.73BTMPX Ishares Msci EafePairCorr
  0.73BTMKX Blackrock InternationalPairCorr
  0.73MDIIX Blackrock Intern IndexPairCorr
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.71EMLLX Mfs Emerging MarketsPairCorr
  0.79MTFGX Mainstay Mackay StrategicPairCorr
  0.71HLIZX Harding Loevner IntePairCorr
  0.65MCVIX Mfs Mid CapPairCorr
  0.75LIVPX Blackrock Lifepath IndexPairCorr
  0.74DGITX Dgi Investment TrustPairCorr
  0.81CAACX Calvert AggressivePairCorr
  0.62URTRX Target Retirement 2030PairCorr
  0.69NQGCX Nuveen Nwq GlobalPairCorr
  0.7PSHIX Short Term IncomePairCorr
  0.65JMGRX Janus EnterprisePairCorr
  0.66UCAGX Cornerstone AggressivePairCorr
  0.8STSIX American Beacon StephensPairCorr
  0.82FPGGX American Funds GrowthPairCorr
  0.67SEEHX Steward Large CapPairCorr
  0.68COSSX Columbia Overseas ValuePairCorr
  0.61EPSPX Mainstay Epoch GlobalPairCorr
  0.67JSGTX John Hancock StrategicPairCorr

Related Correlations Analysis


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.

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