Locorr Dynamic Correlations

LEQAX Fund

USD 12.61 0.09 0.71%

The current 90-days correlation between Locorr Dynamic Equity and Transamerica Cleartrack Retirement is -0.2 (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

Good diversification

The correlation between Locorr Dynamic Equity and DJI is -0.14 (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
0.97	LEQIX	Locorr Dynamic Equity	Pair Corr
0.89	NLSCX	Neuberger Berman Long	Pair Corr
0.9	NLSAX	Neuberger Berman Long	Pair Corr
0.93	NLSIX	Neuberger Berman Long	Pair Corr
0.9	QLERX	Aqr Long Short	Pair Corr
0.92	ASLAX	Ab Select Longshort	Pair Corr
0.94	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.73	SMPSX	Semiconductor Ultrasector	Pair Corr
0.63	LETRX	Voya Russia Fund	Pair Corr
0.95	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.94	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.94	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.91	CSQ	Calamos Strategic Total	Pair Corr
0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.96	SMERX	Invesco Small Cap	Pair Corr
0.92	VIGAX	Vanguard Growth Index	Pair Corr
0.79	GAB	Gabelli Equity Trust	Pair Corr

Moving against Locorr Mutual Fund

0.8	LCSCX	Locorr Longshort Modities	Pair Corr
0.79	LCSIX	Locorr Longshort Modities	Pair Corr
0.78	LCSAX	Locorr Longshort Modities	Pair Corr
0.46	LOTCX	Locorr Market Trend	Pair Corr
0.43	LOTIX	Locorr Market Trend	Pair Corr
0.41	LOTAX	Locorr Market Trend	Pair Corr
0.31	LFMCX	Locorr Macro Strategies	Pair Corr

Related Correlations Analysis

	TCTZX	SMOAX	JLMOX	TDIFX	FRTCX	RERPX
TCTZX		0.9	0.99	0.86	0.98	0.81	TCTZX
SMOAX	0.9		0.92	0.88	0.88	0.83	SMOAX
JLMOX	0.99	0.92		0.88	0.98	0.84	JLMOX
TDIFX	0.86	0.88	0.88		0.88	0.96	TDIFX
FRTCX	0.98	0.88	0.98	0.88		0.82	FRTCX
RERPX	0.81	0.83	0.84	0.96	0.82		RERPX
	TCTZX	SMOAX	JLMOX	TDIFX	FRTCX	RERPX

Click cells to compare fundamentals

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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
TCTZX	0.26	(0.03)	(0.25)	0.02	0.30	(0.28)	0.60	(0.60)	1.47
SMOAX	0.20	(0.02)	(0.38)	(0.01)	0.21	(0.24)	0.42	(0.42)	1.10
JLMOX	0.26	(0.02)	(0.27)	0.02	0.29	(0.29)	0.63	(0.63)	1.46
TDIFX	0.17	0.00	(0.41)	0.00	0.16	(0.19)	0.35	(0.26)	0.95
FRTCX	0.23	(0.01)	(0.28)	0.04	0.24	(0.25)	0.57	(0.48)	1.25
RERPX	0.27	0.00	(0.26)	0.14	0.32	(0.29)	0.55	(0.62)	1.58

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