Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Growth
LGRNX Fund  USD 30.88  0.13  0.42%   
The current 90-days correlation between Loomis Sayles Growth and Diamond Hill Large is 0.57 (i.e., Very weak diversification). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Poor diversification

The correlation between Loomis Sayles Growth and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Growth 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 Loomis Sayles Growth. 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 board of governors.

Moving together with Loomis Mutual Fund

  0.94NOANX Natixis OakmarkPairCorr
  0.97GCPAX Gateway Equity CallPairCorr
  0.97GCPCX Gateway Equity CallPairCorr
  0.97GCPNX Gateway Equity CallPairCorr
  0.97GCPYX Gateway Equity CallPairCorr
  0.74LGMAX Loomis Sayles GlobalPairCorr
  0.72LGMCX Loomis Sayles GlobalPairCorr
  0.75LGMNX Loomis Sayles GlobalPairCorr
  1.0LGRCX Loomis Sayles GrowthPairCorr
  1.0LGRRX Loomis Sayles GrowthPairCorr
  0.92VNSYX Vaughan Nelson SelectPairCorr
  0.91VNSCX Vaughan Nelson SelectPairCorr
  0.92VNSAX Vaughan Nelson SelectPairCorr
  0.92VNSNX Vaughan Nelson SelectPairCorr
  0.98VNVCX Vaughan Nelson ValuePairCorr
  0.98VNVAX Vaughan Nelson ValuePairCorr
  0.98VNVNX Vaughan Nelson ValuePairCorr
  0.98VNVYX Vaughan Nelson ValuePairCorr
  0.9NSFLX Natixis SustainablePairCorr
  0.9NSFKX Natixis SustainablePairCorr
  0.9NSFJX Natixis SustainablePairCorr

Moving against Loomis Mutual Fund

  0.76LGBCX Loomis Sayles InvestmentPairCorr
  0.73LGBNX Loomis Sayles InvestmentPairCorr
  0.58LGANX Loomis Sayles LimitedPairCorr
  0.55NOICX Natixis Oakmark IntePairCorr
  0.54NOIAX Natixis Oakmark IntePairCorr
  0.54NOIYX Natixis Oakmark IntlPairCorr
  0.49AMFAX Asg Managed FuturesPairCorr
  0.48AMFNX Asg Managed FuturesPairCorr
  0.75LIGAX Loomis Sayles InvestmentPairCorr
  0.73LIGRX Loomis Sayles InvestmentPairCorr
  0.44NRCFX Aew Real EstatePairCorr
  0.41NRFAX Aew Real EstatePairCorr
  0.4NRFNX Aew Real EstatePairCorr
  0.4NRFYX Aew Real EstatePairCorr

Related Correlations Analysis

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