Locorr Dynamic Correlations
| LEQIX Fund | USD 11.27 0.01 0.09% |
The current 90-days correlation between Locorr Dynamic Equity and Rbc Money Market is 0.02 (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
Modest diversification
The correlation between Locorr Dynamic Equity and DJI is 0.24 (i.e., Modest 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.
Locorr |
Moving together with Locorr Mutual Fund
Moving against Locorr Mutual Fund
| 0.5 | LOTAX | Locorr Market Trend | PairCorr |
| 0.5 | LOTIX | Locorr Market Trend | PairCorr |
| 0.49 | LOTCX | Locorr Market Trend | PairCorr |
| 0.36 | LFMAX | Locorr Macro Strategies | PairCorr |
| 0.36 | LFMIX | Locorr Macro Strategies | PairCorr |
| 0.36 | QLEIX | Aqr Long Short | PairCorr |
| 0.36 | QLENX | Aqr Long Short | PairCorr |
| 0.48 | HOVLX | Value Fund Value | PairCorr |
| 0.47 | TBCUX | Tweedy Browne Global | PairCorr |
| 0.46 | FWCFX | Fidelity Worldwide | PairCorr |
| 0.44 | WRHIX | Ivy High Income | PairCorr |
| 0.44 | WHIAX | Ivy High Income | PairCorr |
| 0.41 | ASLAX | Ab Select Longshort | PairCorr |
| 0.41 | TLLIX | Tiaa Cref Lifecycle | PairCorr |
| 0.38 | MBINX | Mainstay Balanced | PairCorr |
| 0.37 | CSUAX | Cohen Steers Global | PairCorr |
| 0.36 | QLERX | Aqr Long Short | PairCorr |
| 0.36 | IHIFX | Ivy High Income | PairCorr |
| 0.36 | OSIIX | Oppenheimer Global Strtgc | PairCorr |
| 0.33 | IVHIX | Ivy High Income | PairCorr |
| 0.32 | BUFMX | Buffalo Mid Cap | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0P000070L2 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FZDXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TLMXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MPIXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ICAXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FMFXX | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0P000070L2 | 0.03 | 0.00 | 0.00 | 0.64 | 0.00 | 0.00 | 0.40 | |||
| FZDXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TLMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MPIXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FMFXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |