Locorr Macro Correlations

LFMIX Fund

USD 7.62 0.05 0.65%

The current 90-days correlation between Locorr Macro Strategies and American Century Diversified is -0.42 (i.e., Very good diversification). The correlation of Locorr Macro 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 Macro Correlation With Market

Significant diversification

The correlation between Locorr Macro Strategies and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Macro Strategies 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 Macro Strategies. 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

0.62	LHEAX	Locorr Hedged Core	Pair Corr
0.99	LFMCX	Locorr Macro Strategies	Pair Corr
0.83	LFMAX	Locorr Macro Strategies	Pair Corr
0.61	PQTAX	Pimco Trends Managed	Pair Corr
0.62	PQTNX	Pimco Trends Managed	Pair Corr
0.67	AHLPX	American Beacon Ahl	Pair Corr
0.69	AMFNX	Asg Managed Futures	Pair Corr
0.8	ABYCX	Abbey Capital Futures Potential Growth	Pair Corr
0.81	ABYAX	Abbey Capital Futures	Pair Corr
0.81	ABYIX	Abbey Capital Futures	Pair Corr
0.62	AMFAX	Asg Managed Futures	Pair Corr
0.69	ASFYX	Asg Managed Futures	Pair Corr

Moving against Locorr Mutual Fund

0.4	AQMRX	Aqr Managed Futures	Pair Corr
0.76	GABFX	Gmo Asset Allocation Steady Growth	Pair Corr
0.75	SCCIX	Scout E Bond	Pair Corr
0.74	RIBAX	Rbc Impact Bond	Pair Corr
0.67	MCDFX	Matthews China Dividend	Pair Corr
0.64	PASCX	All Asset Fund	Pair Corr
0.62	RYCPX	Consumer Products	Pair Corr
0.6	PFN	Pimco Income Strategy	Pair Corr
0.58	TGVRX	Thornburg International	Pair Corr
0.54	FBATX	American Funds 2010	Pair Corr
0.52	BCCPX	Blackrock Conservtive	Pair Corr
0.46	PCF	Putnam High Income	Pair Corr
0.43	XPPRX	Voya Prime Rate	Pair Corr

Related Correlations Analysis

	ACDOX	ELDFX	JDJRX	FZABX	HIIDX	DLTZX
ACDOX		0.35	0.13	0.74	0.82	0.94	ACDOX
ELDFX	0.35		0.69	0.72	0.61	0.22	ELDFX
JDJRX	0.13	0.69		0.34	0.19	0.06	JDJRX
FZABX	0.74	0.72	0.34		0.97	0.65	FZABX
HIIDX	0.82	0.61	0.19	0.97		0.76	HIIDX
DLTZX	0.94	0.22	0.06	0.65	0.76		DLTZX
	ACDOX	ELDFX	JDJRX	FZABX	HIIDX	DLTZX

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 Macro 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 Macro'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
ACDOX	0.25	0.04	0.49	(1.31)	0.09	(0.32)	0.55	(0.44)	1.46
ELDFX	0.42	0.04	0.17	0.01	0.52	(0.43)	0.78	(0.83)	2.65
JDJRX	0.32	0.02	0.25	0.94	0.35	(0.41)	0.66	(0.75)	2.62
FZABX	0.80	0.10	0.10	0.04	1.14	(0.74)	1.45	(1.45)	6.16
HIIDX	0.66	0.09	0.12	0.05	0.98	(0.62)	1.27	(1.40)	5.23
DLTZX	0.10	0.02	0.78	1.95	0.00	(0.19)	0.26	(0.13)	0.64

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