Locorr Hedged Correlations

LHEAX Fund

9.72 0.17 1.72%

The current 90-days correlation between Locorr Hedged Core and Jpmorgan Government Bond is 0.06 (i.e., Significant 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 0.68 (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
0.83	LOTCX	Locorr Market Trend	Pair Corr
0.86	LOTAX	Locorr Market Trend	Pair Corr
0.83	LOTIX	Locorr Market Trend	Pair Corr
0.79	LSPCX	Locorr Spectrum Income	Pair Corr
0.79	LSPAX	Locorr Spectrum Income	Pair Corr
0.75	LSPIX	Locorr Spectrum Income	Pair Corr
0.8	LCSAX	Locorr Longshort Modities	Pair Corr
0.71	LCSCX	Locorr Longshort Modities	Pair Corr
0.74	LCSIX	Locorr Longshort Modities	Pair Corr
0.62	LEQCX	Locorr Dynamic Equity	Pair Corr
0.62	LEQAX	Locorr Dynamic Equity	Pair Corr
0.61	LEQIX	Locorr Dynamic Equity	Pair Corr
0.85	LFMCX	Locorr Macro Strategies	Pair Corr
0.89	LFMAX	Locorr Macro Strategies	Pair Corr
0.86	LFMIX	Locorr Macro Strategies	Pair Corr
0.78	MBXIX	Catalystmillburn Hedge	Pair Corr
0.81	MBXAX	Catalystmillburn Hedge	Pair Corr
0.78	MBXCX	Catalystmillburn Hedge	Pair Corr
0.78	MBXFX	Catalystmillburn Hedge	Pair Corr
0.79	NHS	Neuberger Berman High	Pair Corr
0.77	JTLRX	Multimanager Lifestyle	Pair Corr
0.72	VICVX	Usa Mutuals Vice	Pair Corr
0.78	JBSSX	Jpmorgan Smartretirement*	Pair Corr
0.76	PALLX	Allianzgi Global All	Pair Corr
0.77	PZISX	Pzena Small Cap	Pair Corr
0.71	EMOIX	Eaton Vance Municipal	Pair Corr
0.74	AMDVX	Mid Cap Value	Pair Corr
0.8	RBAFX	American Funds Balanced	Pair Corr
0.72	FHHIX	Federated Hermes Sdg	Pair Corr
0.68	LSOFX	Ls Opportunity	Pair Corr
0.72	USSPX	Sp 500 Index	Pair Corr
0.79	JAAYX	Jpmorgan Smartretirement	Pair Corr
0.74	CPCEX	Counterpoint Tactical	Pair Corr

Related Correlations Analysis

	CGTCX	AIEXX	SMAAX	RGVAX	PGIQX	FISAX	OGGPX
CGTCX		0.0	0.39	0.65	0.62	0.48	0.62	CGTCX
AIEXX	0.0		0.0	0.0	0.0	0.0	0.0	AIEXX
SMAAX	0.39	0.0		0.42	0.65	0.61	0.55	SMAAX
RGVAX	0.65	0.0	0.42		0.82	0.57	0.84	RGVAX
PGIQX	0.62	0.0	0.65	0.82		0.44	0.93	PGIQX
FISAX	0.48	0.0	0.61	0.57	0.44		0.44	FISAX
OGGPX	0.62	0.0	0.55	0.84	0.93	0.44		OGGPX
	CGTCX	AIEXX	SMAAX	RGVAX	PGIQX	FISAX	OGGPX

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

OGGPX	+ 0.93	PGIQX
OGGPX	+ 0.84	RGVAX
PGIQX	+ 0.82	RGVAX
RGVAX	+ 0.65	CGTCX
PGIQX	+ 0.65	SMAAX
PGIQX	+ 0.62	CGTCX

High negative correlations

OGGPX	- 0.0	AIEXX
FISAX	- 0.0	AIEXX
PGIQX	- 0.0	AIEXX
RGVAX	- 0.0	AIEXX
SMAAX	- 0.0	AIEXX
AIEXX	- 0.0	CGTCX

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
CGTCX	0.13	(0.02)	0.00	(0.23)	0.00	0.00	0.25	(0.25)	0.67
AIEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.07	0.01	(0.27)	1.04	0.00	(0.13)	0.20	(0.10)	0.48
RGVAX	0.12	(0.01)	(0.26)	(0.11)	0.12	(0.15)	0.25	(0.25)	0.67
PGIQX	0.14	(0.01)	(0.22)	(0.12)	0.14	(0.18)	0.25	(0.25)	0.75
FISAX	0.06	0.01	(0.24)	0.49	0.00	(0.22)	0.27	(0.13)	0.53
OGGPX	0.14	(0.01)	(0.23)	(0.10)	0.14	(0.18)	0.21	(0.31)	0.72

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