Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Growth
LGRRX Fund  USD 26.61  0.32  1.22%   
The current 90-days correlation between Loomis Sayles Growth and Diamond Hill Large is 0.13 (i.e., Average 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

Average diversification

The correlation between Loomis Sayles Growth and DJI is 0.11 (i.e., Average 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 metropolitan statistical area.

Moving together with Loomis Mutual Fund

  0.69NOANX Natixis OakmarkPairCorr
  0.87GCPAX Gateway Equity CallPairCorr
  0.88GCPCX Gateway Equity CallPairCorr
  0.87GCPNX Gateway Equity CallPairCorr
  0.87GCPYX Gateway Equity CallPairCorr
  0.99LGRCX Loomis Sayles GrowthPairCorr
  1.0LGRNX Loomis Sayles GrowthPairCorr
  0.84VNSYX Vaughan Nelson SelectPairCorr
  0.67VNSCX Vaughan Nelson SelectPairCorr
  0.68VNSAX Vaughan Nelson SelectPairCorr
  0.68VNSNX Vaughan Nelson SelectPairCorr
  0.62VNVCX Vaughan Nelson ValuePairCorr
  0.64VNVAX Vaughan Nelson ValuePairCorr
  0.78LIGCX Loomis Sayles InternPairCorr
  0.79LIGGX Loomis Sayles InternPairCorr
  0.8LIGNX Loomis Sayles InternPairCorr
  0.8LIGYX Loomis Sayles InternPairCorr
  0.61NSFLX Natixis SustainablePairCorr
  0.72NSFKX Natixis SustainablePairCorr
  0.85NSFJX Natixis SustainablePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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.

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