Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles International
LIGGX Fund  USD 10.73  0.05  0.47%   
The current 90-days correlation between Loomis Sayles Intern and Victory Rs Partners is 0.38 (i.e., Weak diversification). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Average diversification

The correlation between Loomis Sayles International and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles International 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 Loomis Sayles International. 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 price.

Moving together with Loomis Mutual Fund

  0.65NOANX Natixis OakmarkPairCorr
  0.66GCPAX Gateway Equity CallPairCorr
  0.68GCPCX Gateway Equity CallPairCorr
  0.65GCPNX Gateway Equity CallPairCorr
  0.65GCPYX Gateway Equity CallPairCorr
  0.81LGRCX Loomis Sayles GrowthPairCorr
  0.78LGRNX Loomis Sayles GrowthPairCorr
  0.79LGRRX Loomis Sayles GrowthPairCorr
  0.75VNSYX Vaughan Nelson SelectPairCorr
  0.64VNVCX Vaughan Nelson ValuePairCorr
  0.66VNVAX Vaughan Nelson ValuePairCorr
  1.0LIGCX Loomis Sayles InternPairCorr
  0.63LIGAX Loomis Sayles InvestmentPairCorr
  1.0LIGNX Loomis Sayles InternPairCorr
  0.63LIGRX Loomis Sayles InvestmentPairCorr
  1.0LIGYX Loomis Sayles InternPairCorr
  0.69NSFLX Natixis SustainablePairCorr
  0.81NSFKX Natixis SustainablePairCorr
  0.8NSFJX Natixis SustainablePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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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