Ladenburg Growth Correlations

Mutual Funds USA . 
Fund . Ladenburg Growth
LGWIX Fund  USD 16.97  0.04  0.24%   
The current 90-days correlation between Ladenburg Growth and Guggenheim High Yield is 0.14 (i.e., Average 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

Weak diversification

The correlation between Ladenburg Growth and DJI is 0.36 (i.e., Weak 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

  0.86LGWAX Ladenburg GrowthPairCorr
  0.85LGWCX Ladenburg GrowthPairCorr
  0.84LNCAX Ladenburg Income FunPairCorr
  0.83LNCCX Ladenburg Income FunPairCorr
  0.84LNCIX Ladenburg Income FunPairCorr
  0.84LNOCX Ladenburg Income GrowthPairCorr
  0.84LNOAX Ladenburg Income GrowthPairCorr
  0.84LNOIX Ladenburg Income GrowthPairCorr
  0.95LOWAX Ladenburg Growth IncomePairCorr
  0.85LOWCX Ladenburg Growth IncomePairCorr
  0.85LOWIX Ladenburg Growth IncomePairCorr
  0.95LAGIX Ladenburg AggressivePairCorr
  0.87LAWCX Ladenburg AggressivePairCorr
  0.87LAWAX Ladenburg AggressivePairCorr
  0.74FAIFX American FundsPairCorr
  0.76IFACX Income FundPairCorr
  0.75IFAFX Income FundPairCorr
  0.75AMECX Income FundPairCorr
  0.76RIDBX Income FundPairCorr
  0.77CIMEX Income FundPairCorr
  0.74RIDFX Income FundPairCorr
  0.77CIMCX Income FundPairCorr
  0.75CIMFX Income FundPairCorr
  0.78JHBCX Jhancock Blue ChipPairCorr

Moving against Ladenburg Mutual Fund

  0.68NTG Tortoise Mlp ClosedPairCorr
  0.65FLOAX Power Floating RatePairCorr
  0.59TTP Tortoise Pipeline AndPairCorr

Related Correlations Analysis

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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.

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