Ladenburg Growth Correlations

LGWIX Fund  USD 18.12  0.19  1.04%   
The current 90-days correlation between Ladenburg Growth and Harbor Large Cap is 0.05 (i.e., Significant 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

Almost no diversification

The correlation between Ladenburg Growth and DJI is 0.94 (i.e., Almost no 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

  0.98LGWAX Ladenburg GrowthPairCorr
  1.0LGWCX Ladenburg GrowthPairCorr
  0.96LNCAX Ladenburg Income FunPairCorr
  0.97LNCCX Ladenburg Income FunPairCorr
  0.97LNCIX Ladenburg Income FunPairCorr
  0.99LNOCX Ladenburg Income GrowthPairCorr
  0.97LNOAX Ladenburg Income GrowthPairCorr
  0.99LNOIX Ladenburg Income GrowthPairCorr
  0.97LOWAX Ladenburg Growth IncomePairCorr
  0.97LOWCX Ladenburg Growth IncomePairCorr
  0.97LOWIX Ladenburg Growth IncomePairCorr
  1.0LAGIX Ladenburg AggressivePairCorr
  1.0LAWCX Ladenburg AggressivePairCorr
  0.98LAWAX Ladenburg AggressivePairCorr
  0.92IFACX Income FundPairCorr
  0.92IFAFX Income FundPairCorr
  0.91AMECX Income FundPairCorr
  0.93FFIFX American FundsPairCorr
  0.93FAIFX American FundsPairCorr
  0.93RIDBX Income FundPairCorr
  0.93CIMEX Income FundPairCorr
  0.92RIDFX Income FundPairCorr
  0.93CIMCX Income FundPairCorr
  0.92CIMFX Income FundPairCorr
  0.74MGGYX Mirova Global GreenPairCorr
  0.9HLDIX Hartford EmergingPairCorr
  0.9HLDRX Hartford EmergingPairCorr
  0.89HLDAX Hartford EmergingPairCorr
  0.88HLDCX Hartford EmergingPairCorr
  0.89HLDTX Hartford EmergingPairCorr
  0.95SRJSX Jpmorgan SmartretirementPairCorr
  0.84MSTPX Morningstar MunicipalPairCorr
  0.81RYVCX Energy ServicesPairCorr
  0.94CCFTX American Funds 2035PairCorr
  0.81SBSDX Qs Sp 500PairCorr

Related Correlations Analysis


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.