Locorr Dynamic Correlations

LEQCX Fund

USD 9.92 0.02 0.20%

The current 90-days correlation between Locorr Dynamic Equity and Intermediate Term Tax Free Bond is 0.39 (i.e., Weak 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

Very weak diversification

The correlation between Locorr Dynamic Equity and DJI is 0.55 (i.e., Very weak 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 unemployment.

Moving together with LOCORR Mutual Fund

0.79	LOTCX	Locorr Market Trend	Pair Corr
0.83	LSPCX	Locorr Spectrum Income	Pair Corr
0.81	LEQAX	Locorr Dynamic Equity	Pair Corr
0.87	LFMIX	Locorr Macro Strategies	Pair Corr
0.61	DIAMX	Diamond Hill Long	Pair Corr
0.64	VSTSX	Vanguard Total Stock	Pair Corr
0.66	VSMPX	Vanguard Total Stock	Pair Corr
0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSNX	Vanguard Total Inter	Pair Corr
0.89	VTISX	Vanguard Total Inter	Pair Corr
0.86	VTPSX	Vanguard Total Inter	Pair Corr
0.62	VINIX	Vanguard Institutional	Pair Corr
0.61	GILAX	Lord Abbett Fundamental	Pair Corr
0.87	LINQX	Lord Abbett International	Pair Corr
0.83	TLQRX	Tiaa Cref Lifecycle	Pair Corr
0.78	TCTIX	Tiaa Cref Lifecycle	Pair Corr
0.86	TFESX	International Equity	Pair Corr
0.91	JTAIX	Multimanager Lifestyle	Pair Corr
0.89	KF	Korea Closed	Pair Corr
0.84	CFNCX	American Funds Funda	Pair Corr
0.72	JCVVX	Classic Value	Pair Corr
0.87	AGEIX	American Beacon Global	Pair Corr
0.71	FKNCX	Franklin New York	Pair Corr

Related Correlations Analysis

	PRFHX	RULFX	BBINX	RBOBX	TFBIX	BXHCX	TWTCX
PRFHX		0.77	0.93	0.54	0.98	0.79	0.96	PRFHX
RULFX	0.77		0.9	0.8	0.82	0.94	0.81	RULFX
BBINX	0.93	0.9		0.7	0.94	0.91	0.95	BBINX
RBOBX	0.54	0.8	0.7		0.59	0.73	0.55	RBOBX
TFBIX	0.98	0.82	0.94	0.59		0.83	0.98	TFBIX
BXHCX	0.79	0.94	0.91	0.73	0.83		0.86	BXHCX
TWTCX	0.96	0.81	0.95	0.55	0.98	0.86		TWTCX
	PRFHX	RULFX	BBINX	RBOBX	TFBIX	BXHCX	TWTCX

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
PRFHX	0.09	0.01	(0.42)	(0.12)	0.00	(0.16)	0.27	(0.18)	0.81
RULFX	0.04	0.00	0.00	0.45	0.00	0.00	0.10	(0.10)	0.60
BBINX	0.06	0.01	(0.45)	0.38	0.00	(0.15)	0.19	(0.10)	0.48
RBOBX	0.10	(0.01)	(0.51)	(0.31)	0.09	(0.13)	0.24	(0.16)	0.48
TFBIX	0.07	0.00	(0.36)	(0.07)	0.00	(0.14)	0.20	(0.10)	0.69
BXHCX	0.13	0.02	(0.27)	1.83	0.00	(0.20)	0.25	(0.25)	0.86
TWTCX	0.06	0.00	(0.54)	(0.22)	0.00	(0.12)	0.18	(0.09)	0.46

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Locorr Dynamic Correlations

Locorr Dynamic Correlation With Market

Very weak diversification

Moving together with LOCORR Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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