Locorr Hedged Correlations

LHEAX Fund

9.84 0.04 0.41%

The current 90-days correlation between Locorr Hedged Core and Locorr Spectrum Income is -0.1 (i.e., Good diversification). The correlation of Locorr Hedged 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.

Locorr Hedged Correlation With Market

Poor diversification

The correlation between Locorr Hedged Core and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Hedged Core 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 Locorr Hedged Core. 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 nation.

Moving together with Locorr Mutual Fund

1.0	LHEIX	Locorr Hedged Core	Pair Corr
0.88	LOTCX	Locorr Market Trend	Pair Corr
0.9	LOTAX	Locorr Market Trend	Pair Corr
0.88	LOTIX	Locorr Market Trend	Pair Corr
0.81	LSAAX	Locorr Strategic All	Pair Corr
0.82	LSAIX	Locorr Strategic All	Pair Corr
0.86	LSPCX	Locorr Spectrum Income	Pair Corr
0.87	LSPAX	Locorr Spectrum Income	Pair Corr
0.84	LSPIX	Locorr Spectrum Income	Pair Corr
0.73	LCSAX	Locorr Longshort Modities	Pair Corr
0.7	LCSCX	Locorr Longshort Modities	Pair Corr
0.75	LCSIX	Locorr Longshort Modities	Pair Corr
0.68	LEQCX	Locorr Dynamic Equity	Pair Corr
0.68	LEQAX	Locorr Dynamic Equity	Pair Corr
0.68	LEQIX	Locorr Dynamic Equity	Pair Corr
0.92	LFMCX	Locorr Macro Strategies	Pair Corr
0.92	LFMAX	Locorr Macro Strategies	Pair Corr
0.9	LFMIX	Locorr Macro Strategies	Pair Corr
0.86	MBXIX	Catalystmillburn Hedge	Pair Corr
0.86	MBXAX	Catalystmillburn Hedge	Pair Corr
0.84	MBXCX	Catalystmillburn Hedge	Pair Corr
0.86	MBXFX	Catalystmillburn Hedge	Pair Corr
0.71	PCBAX	Blackrock Tactical	Pair Corr
0.71	PCBSX	Blackrock Tactical	Pair Corr
0.72	PBAIX	Blackrock Tactical	Pair Corr
0.7	BRBCX	Blackrock Tactical	Pair Corr
0.66	HDGCX	Hartford Dividend	Pair Corr
0.85	BLATX	Lord Abbett Multi	Pair Corr
0.84	EMSLX	Shelton Emerging Markets	Pair Corr
0.85	LABFX	Lord Abbett Multi	Pair Corr

Related Correlations Analysis

	LHEIX	LOTCX	LOTAX	LOTIX	LSAAX	LSAIX	LSPCX	LSPAX	LSPIX
LHEIX		0.88	0.91	0.88	0.82	0.82	0.87	0.87	0.85	LHEIX
LOTCX	0.88		0.97	1.0	0.93	0.93	0.95	0.95	0.97	LOTCX
LOTAX	0.91	0.97		0.98	0.96	0.96	0.97	0.97	0.96	LOTAX
LOTIX	0.88	1.0	0.98		0.93	0.93	0.95	0.95	0.97	LOTIX
LSAAX	0.82	0.93	0.96	0.93		1.0	0.9	0.89	0.89	LSAAX
LSAIX	0.82	0.93	0.96	0.93	1.0		0.9	0.9	0.89	LSAIX
LSPCX	0.87	0.95	0.97	0.95	0.9	0.9		1.0	0.98	LSPCX
LSPAX	0.87	0.95	0.97	0.95	0.89	0.9	1.0		0.98	LSPAX
LSPIX	0.85	0.97	0.96	0.97	0.89	0.89	0.98	0.98		LSPIX
	LHEIX	LOTCX	LOTAX	LOTIX	LSAAX	LSAIX	LSPCX	LSPAX	LSPIX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Hedged 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 Locorr Hedged'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
LHEIX	0.33	0.07	(0.01)	(4.83)	0.36	(0.38)	0.72	(0.72)	2.56
LOTCX	0.67	0.15	0.13	0.30	0.69	(0.72)	1.55	(1.19)	4.19
LOTAX	0.67	0.22	0.14	(1.05)	0.70	(0.72)	1.60	(1.18)	4.17
LOTIX	0.67	0.16	0.13	0.31	0.73	(0.72)	1.53	(1.18)	4.25
LSAAX	0.42	0.10	0.03	(0.97)	0.37	(0.50)	0.86	(0.94)	2.85
LSAIX	0.43	0.10	0.04	(1.09)	0.38	(0.48)	0.86	(0.94)	2.95
LSPCX	0.46	0.14	0.09	(0.80)	0.47	(0.54)	0.87	(0.85)	3.13
LSPAX	0.43	0.15	0.09	(0.82)	0.44	(0.50)	0.87	(0.85)	3.02
LSPIX	0.46	0.12	0.10	0.41	0.42	(0.55)	0.90	(0.86)	3.04

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Locorr Hedged Correlations

Locorr Hedged Correlation With Market

Poor diversification

Moving together with Locorr Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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