Locorr Dynamic Correlations

LEQAX Fund

USD 10.97 0.06 0.55%

The current 90-days correlation between Locorr Dynamic Equity and T Rowe Price is 0.11 (i.e., Average 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 -0.03 (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

1.0

LEQCX

Locorr Dynamic Equity

Pair Corr

Moving against Locorr Mutual Fund

0.41	ASLAX	Ab Select Longshort	Pair Corr
0.37	QLENX	Aqr Long Short	Pair Corr
0.37	QLEIX	Aqr Long Short	Pair Corr
0.37	QLERX	Aqr Long Short	Pair Corr
0.32	VITSX	Vanguard Total Stock	Pair Corr
0.32	VSMPX	Vanguard Total Stock	Pair Corr
0.68	RDWHX	American Funds Developing	Pair Corr
0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.55	CGFFX	Growth Fund	Pair Corr
0.52	MEGBX	Mfs Growth Fund	Pair Corr
0.47	MCDVX	Blackrock Equity Dividend	Pair Corr
0.45	WIAEX	Wasatch Small Cap	Pair Corr
0.34	CQTRX	Columbia Thermostat	Pair Corr
0.33	FORIX	Franklin Oregon Tax	Pair Corr
0.33	SMGAX	Saat Servative Strategy	Pair Corr
0.71	GEMNX	Gmo Emerging Markets	Pair Corr
0.54	TEPLX	Templeton Growth	Pair Corr
0.54	VQSRX	Virtus Kar Small	Pair Corr
0.53	RPXFX	Riverpark Large Growth	Pair Corr

Related Correlations Analysis

	PATFX	CIPMX	CABIX	SMYIX	OPTCX	GGFRX	LCIAX
PATFX		0.22	0.36	0.37	0.38	0.34	0.28	PATFX
CIPMX	0.22		0.89	0.95	0.72	0.87	0.93	CIPMX
CABIX	0.36	0.89		0.94	0.85	0.9	0.89	CABIX
SMYIX	0.37	0.95	0.94		0.87	0.94	0.94	SMYIX
OPTCX	0.38	0.72	0.85	0.87		0.83	0.76	OPTCX
GGFRX	0.34	0.87	0.9	0.94	0.83		0.97	GGFRX
LCIAX	0.28	0.93	0.89	0.94	0.76	0.97		LCIAX
	PATFX	CIPMX	CABIX	SMYIX	OPTCX	GGFRX	LCIAX

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
PATFX	0.09	0.02	(0.46)	(1.65)	0.00	(0.13)	0.27	(0.18)	0.72
CIPMX	1.04	0.32	0.34	0.82	0.32	(1.43)	1.68	(1.22)	22.87
CABIX	0.45	0.04	0.03	0.15	0.35	(0.52)	0.93	(0.79)	5.40
SMYIX	0.63	0.11	0.10	0.25	0.64	(0.69)	1.25	(1.16)	6.98
OPTCX	0.16	(0.01)	(0.28)	0.05	0.13	(0.21)	0.40	(0.40)	1.01
GGFRX	0.65	0.05	0.04	0.14	0.72	(0.74)	1.43	(1.17)	6.65
LCIAX	0.87	0.24	0.24	0.35	0.50	(1.03)	1.50	(1.20)	18.66

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