Ladenburg Growth Correlations

LGWIX Fund

USD 18.12 0.04 0.22%

The current 90-days correlation between Ladenburg Growth and Towpath Technology is 0.68 (i.e., Poor diversification). The correlation of Ladenburg Growth 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.

Ladenburg Growth Correlation With Market

Poor diversification

The correlation between Ladenburg Growth and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg 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 Ladenburg 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 gross domestic product.

Moving together with Ladenburg Mutual Fund

0.94	LGWAX	Ladenburg Growth	Pair Corr
1.0	LGWCX	Ladenburg Growth	Pair Corr
0.98	LNCAX	Ladenburg Income Fun	Pair Corr
0.92	LNCCX	Ladenburg Income Fun	Pair Corr
0.98	LNCIX	Ladenburg Income Fun	Pair Corr
0.93	LNOCX	Ladenburg Income Growth	Pair Corr
0.94	LNOAX	Ladenburg Income Growth	Pair Corr
0.93	LNOIX	Ladenburg Income Growth	Pair Corr
0.93	LOWAX	Ladenburg Growth Income	Pair Corr
1.0	LOWCX	Ladenburg Growth Income	Pair Corr
0.93	LOWIX	Ladenburg Growth Income	Pair Corr
0.94	LAGIX	Ladenburg Aggressive	Pair Corr
1.0	LAWCX	Ladenburg Aggressive	Pair Corr
0.94	LAWAX	Ladenburg Aggressive	Pair Corr
0.94	IFAFX	Income Fund	Pair Corr
0.87	AMECX	Income Fund	Pair Corr
0.91	IFACX	Income Fund	Pair Corr
0.87	FFIFX	American Funds	Pair Corr
0.87	FAIFX	American Funds	Pair Corr
0.91	RIDBX	Income Fund	Pair Corr
0.91	CIMEX	Income Fund	Pair Corr
0.87	RIDFX	Income Fund	Pair Corr
0.87	CIMCX	Income Fund	Pair Corr
0.91	CIMFX	Income Fund	Pair Corr
0.86	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.81	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.68	UNWPX	World Precious Minerals	Pair Corr
0.87	FSAGX	Gold Portfolio Gold	Pair Corr
0.73	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.9	KF	Korea Closed	Pair Corr
0.83	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.87	USAGX	Precious Metals And	Pair Corr
0.82	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.69	QRCRX	Aqr Risk Balanced	Pair Corr
0.69	UIGSX	Government Securities	Pair Corr
0.97	CPXIX	Cohen Steers Prfrd	Pair Corr
0.91	SITEX	Sit Emerging Markets	Pair Corr

Related Correlations Analysis

	FIJYX	MTCCX	PGKCX	USTCX	SHPCX	TOWTX
FIJYX		0.26	-0.06	0.22	0.67	0.3	FIJYX
MTCCX	0.26		0.64	0.93	0.81	0.8	MTCCX
PGKCX	-0.06	0.64		0.73	0.4	0.71	PGKCX
USTCX	0.22	0.93	0.73		0.76	0.87	USTCX
SHPCX	0.67	0.81	0.4	0.76		0.72	SHPCX
TOWTX	0.3	0.8	0.71	0.87	0.72		TOWTX
	FIJYX	MTCCX	PGKCX	USTCX	SHPCX	TOWTX

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

USTCX	+ 0.93	MTCCX
TOWTX	+ 0.87	USTCX
SHPCX	+ 0.81	MTCCX
TOWTX	+ 0.8	MTCCX
SHPCX	+ 0.76	USTCX
USTCX	+ 0.73	PGKCX

High negative correlations

PGKCX

- 0.06

FIJYX

Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Growth 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 Ladenburg Growth'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
FIJYX	1.13	0.17	0.08	0.66	1.32	(1.20)	2.80	(2.43)	7.19
MTCCX	1.47	0.54	0.31	1.94	0.94	(1.71)	1.88	(2.68)	37.23
PGKCX	1.06	0.07	0.01	0.48	1.50	(0.99)	1.84	(2.74)	11.68
USTCX	0.98	0.16	0.07	1.69	1.14	(0.97)	2.01	(2.05)	9.79
SHPCX	0.67	0.21	0.20	0.68	0.38	(0.81)	1.73	(0.86)	6.56
TOWTX	0.72	0.02	0.01	0.09	0.79	(0.78)	1.49	(1.37)	4.54

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