Lifex Inflation-protec Correlations

LIIMX Fund

27.43 0.00 0.00%

The current 90-days correlation between Lifex Inflation-protec and T Rowe Price is -0.01 (i.e., Good diversification). The correlation of Lifex Inflation-protec 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.

Lifex Inflation-protec Correlation With Market

Good diversification

The correlation between Lifex Inflation Protected Inco and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifex Inflation Protected Inco and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 population.

Moving together with Lifex Mutual Fund

0.75	LFEMX	Lifex Income	Pair Corr
0.65	MISHX	Ab Municipal Income	Pair Corr
0.82	LMSMX	Western Asset Smash	Pair Corr
0.72	LMECX	Western Asset Smash	Pair Corr
0.76	FXIMX	Fixed Income Shares	Pair Corr
0.81	FXICX	Fixed Income Shares	Pair Corr
0.83	LMLCX	Western Asset Smash	Pair Corr
0.8	BRAMX	Bats Series M	Pair Corr
0.77	NHS	Neuberger Berman High	Pair Corr

Moving against Lifex Mutual Fund

0.6	SHRIX	Stone Ridge High	Pair Corr
0.6	SHRMX	Stone Ridge High	Pair Corr
0.83	RYBKX	Banking Fund Class	Pair Corr
0.65	ARTMX	Artisan Mid Cap	Pair Corr
0.64	AMEIX	Equity Growth	Pair Corr
0.62	SRDAX	Stone Ridge Diversified	Pair Corr
0.61	SRDBX	Stone Ridge Diversified	Pair Corr
0.6	MIEYX	Mm Sp 500	Pair Corr
0.39	BATAX	Blackrock Allocation	Pair Corr
0.36	OHYFX	Jpmorgan High Yield	Pair Corr

Related Correlations Analysis

	REVIX	PACEX	REMVX	TEOJX	EMSLX	BOGSX	BXECX
REVIX		0.85	0.98	0.94	0.93	0.47	0.69	REVIX
PACEX	0.85		0.8	0.83	0.8	0.4	0.76	PACEX
REMVX	0.98	0.8		0.93	0.92	0.35	0.73	REMVX
TEOJX	0.94	0.83	0.93		0.97	0.44	0.65	TEOJX
EMSLX	0.93	0.8	0.92	0.97		0.47	0.64	EMSLX
BOGSX	0.47	0.4	0.35	0.44	0.47		0.1	BOGSX
BXECX	0.69	0.76	0.73	0.65	0.64	0.1		BXECX
	REVIX	PACEX	REMVX	TEOJX	EMSLX	BOGSX	BXECX

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Risk-Adjusted Indicators

There is a big difference between Lifex Mutual Fund performing well and Lifex Inflation-protec 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 Lifex Inflation-protec'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
REVIX	0.73	(0.05)	(0.13)	0.00	0.87	(0.87)	1.44	(1.71)	5.60
PACEX	0.12	0.00	(0.72)	0.33	0.00	(0.22)	0.32	(0.22)	0.97
REMVX	0.85	(0.08)	0.00	(0.08)	0.00	0.00	1.74	(2.04)	6.85
TEOJX	0.66	(0.02)	0.00	0.40	0.00	0.00	1.76	(1.83)	4.91
EMSLX	0.72	(0.03)	0.00	(1.49)	0.00	0.00	1.76	(1.08)	6.36
BOGSX	0.94	(0.09)	(0.04)	0.05	1.37	(0.94)	1.88	(2.25)	5.68
BXECX	0.26	(0.02)	(0.38)	(0.03)	0.26	(0.38)	0.65	(0.40)	1.45

Lifex Inflation-protec Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lifex Inflation-protec mutual fund to make a market-neutral strategy. Peer analysis of Lifex Inflation-protec could also be used in its relative valuation, which is a method of valuing Lifex Inflation-protec by comparing valuation metrics with similar companies.

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