Locorr Dynamic Correlations

LEQIX Fund

USD 11.41 0.01 0.09%

The current 90-days correlation between Locorr Dynamic Equity and Locorr Longshort Modities is -0.23 (i.e., Very 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

Very poor diversification

The correlation between Locorr Dynamic Equity and DJI is 0.81 (i.e., Very 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 signals in gross domestic product.

Moving together with Locorr Mutual Fund

0.7	LHEAX	Locorr Hedged Core	Pair Corr
0.71	LHEIX	Locorr Hedged Core	Pair Corr
0.9	LOTCX	Locorr Market Trend	Pair Corr
0.9	LOTAX	Locorr Market Trend	Pair Corr
0.9	LOTIX	Locorr Market Trend	Pair Corr
0.87	LSPCX	Locorr Spectrum Income	Pair Corr
0.87	LSPAX	Locorr Spectrum Income	Pair Corr
0.87	LSPIX	Locorr Spectrum Income	Pair Corr
1.0	LEQCX	Locorr Dynamic Equity	Pair Corr
1.0	LEQAX	Locorr Dynamic Equity	Pair Corr
0.88	LFMCX	Locorr Macro Strategies	Pair Corr
0.87	LFMAX	Locorr Macro Strategies	Pair Corr
0.88	LFMIX	Locorr Macro Strategies	Pair Corr
0.63	PWLIX	Pimco Rae Worldwide	Pair Corr
0.74	GAAKX	Gmo Alternative Allo	Pair Corr
0.74	GAAGX	Gmo Alternative Allo	Pair Corr
0.67	GPBFX	Gmo E Plus	Pair Corr
0.89	GPMFX	Guidepath Managed Futures	Pair Corr
0.9	PQTAX	Pimco Trends Managed	Pair Corr
0.9	PQTNX	Pimco Trends Managed	Pair Corr
0.9	PQTIX	Aa Pimco Tr	Pair Corr
0.83	WARCX	Wells Fargo Advantage	Pair Corr
0.76	VAESX	Virtus Emerging Markets	Pair Corr
0.87	TRRAX	T Rowe Price	Pair Corr
0.86	JGSRX	John Hancock Global	Pair Corr
0.9	RWIAX	Capital World Growth	Pair Corr
0.89	NWXHX	Nationwide Amundi	Pair Corr

Moving against Locorr Mutual Fund

0.34

NLSCX

Neuberger Berman Long

Pair Corr

Related Correlations Analysis

	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX
LHEAX		1.0	0.9	0.9	0.9	0.87	0.87	0.87	0.79	0.76	LHEAX
LHEIX	1.0		0.91	0.91	0.91	0.87	0.87	0.87	0.78	0.76	LHEIX
LOTCX	0.9	0.91		1.0	1.0	0.96	0.96	0.97	0.46	0.42	LOTCX
LOTAX	0.9	0.91	1.0		1.0	0.97	0.97	0.97	0.46	0.42	LOTAX
LOTIX	0.9	0.91	1.0	1.0		0.97	0.97	0.97	0.46	0.42	LOTIX
LSPCX	0.87	0.87	0.96	0.97	0.97		1.0	1.0	0.43	0.39	LSPCX
LSPAX	0.87	0.87	0.96	0.97	0.97	1.0		1.0	0.43	0.39	LSPAX
LSPIX	0.87	0.87	0.97	0.97	0.97	1.0	1.0		0.43	0.39	LSPIX
LCSAX	0.79	0.78	0.46	0.46	0.46	0.43	0.43	0.43		1.0	LCSAX
LCSCX	0.76	0.76	0.42	0.42	0.42	0.39	0.39	0.39	1.0		LCSCX
	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX

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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
LHEAX	0.33	0.03	(0.05)	0.29	0.40	(0.36)	0.72	(0.63)	2.56
LHEIX	0.32	0.03	(0.05)	0.26	0.37	(0.39)	0.72	(0.72)	2.56
LOTCX	0.70	0.09	0.07	0.20	0.78	(0.74)	1.55	(1.19)	4.19
LOTAX	0.69	0.10	0.08	0.21	0.76	(0.74)	1.60	(1.18)	4.17
LOTIX	0.70	0.10	0.08	0.21	0.79	(0.75)	1.53	(1.18)	4.25
LSPCX	0.48	0.10	0.08	0.31	0.51	(0.55)	0.92	(0.91)	3.18
LSPAX	0.45	0.10	0.08	0.32	0.48	(0.52)	0.93	(0.86)	3.07
LSPIX	0.47	0.11	0.09	0.35	0.46	(0.55)	0.95	(0.87)	3.04
LCSAX	0.43	0.00	(0.08)	0.21	0.67	(0.42)	0.94	(0.93)	4.23
LCSCX	0.43	0.00	(0.09)	0.07	0.65	(0.44)	0.88	(0.97)	4.14

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