Ladenburg Income Correlations

LNCIX Fund

USD 10.92 0.03 0.28%

The current 90-days correlation between Ladenburg Income Fun and Ladenburg Growth is 0.63 (i.e., Poor diversification). The correlation of Ladenburg Income 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 Income Correlation With Market

Very weak diversification

The correlation between Ladenburg Income Fundclass and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Income Fundclass 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 Income Fundclass. 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

1.0	LNCAX	Ladenburg Income Fun	Pair Corr
0.98	LNCCX	Ladenburg Income Fun	Pair Corr
0.91	FASIX	Fidelity Asset Manager	Pair Corr
0.9	FIKVX	Fidelity Asset Manager	Pair Corr
0.96	VASIX	Vanguard Lifestrategy	Pair Corr
0.94	PFIPX	Strategic Asset Mana	Pair Corr

Moving against Ladenburg Mutual Fund

0.48	BITW	Bitwise 10 Crypto	Pair Corr
0.44	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.44	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.44	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.38	SMPIX	Semiconductor Ultrasector	Pair Corr
0.37	SMPSX	Semiconductor Ultrasector	Pair Corr
0.32	MSSGX	Small Pany Growth Steady Growth	Pair Corr

Related Correlations Analysis

	LGWAX	LGWCX	LGWIX	LNCAX	LNOCX	LNOAX	LNOIX	LOWAX
LGWAX		1.0	1.0	-0.12	0.72	0.77	0.77	0.97	LGWAX
LGWCX	1.0		1.0	-0.11	0.73	0.77	0.77	0.97	LGWCX
LGWIX	1.0	1.0		-0.12	0.72	0.77	0.76	0.97	LGWIX
LNCAX	-0.12	-0.11	-0.12		0.6	0.55	0.55	0.12	LNCAX
LNOCX	0.72	0.73	0.72	0.6		1.0	1.0	0.86	LNOCX
LNOAX	0.77	0.77	0.77	0.55	1.0		1.0	0.89	LNOAX
LNOIX	0.77	0.77	0.76	0.55	1.0	1.0		0.89	LNOIX
LOWAX	0.97	0.97	0.97	0.12	0.86	0.89	0.89		LOWAX
	LGWAX	LGWCX	LGWIX	LNCAX	LNOCX	LNOAX	LNOIX	LOWAX

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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

LGWCX	+ 1.0	LGWAX
LGWIX	+ 1.0	LGWAX
LGWIX	+ 1.0	LGWCX
LNOAX	+ 1.0	LNOCX
LNOIX	+ 1.0	LNOCX
LNOIX	+ 1.0	LNOAX

High negative correlations

LNCAX	- 0.12	LGWIX
LNCAX	- 0.12	LGWAX
LNCAX	- 0.11	LGWCX

Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Income 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 Income'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
LGWAX	0.47	0.00	(0.04)	0.12	0.49	(0.51)	1.16	(0.96)	3.47
LGWCX	0.48	0.00	(0.05)	0.12	0.50	(0.53)	1.13	(0.93)	3.51
LGWIX	0.47	0.00	(0.04)	0.12	0.47	(0.52)	1.17	(0.91)	3.43
LNCAX	0.23	(0.03)	(0.38)	(0.01)	0.27	(0.27)	0.37	(0.46)	1.36
LNOCX	0.29	(0.02)	(0.24)	0.07	0.28	(0.33)	0.69	(0.61)	1.62
LNOAX	0.29	(0.02)	(0.23)	0.08	0.29	(0.33)	0.67	(0.60)	1.58
LNOIX	0.29	(0.02)	(0.23)	0.08	0.28	(0.34)	0.67	(0.61)	1.58
LOWAX	0.37	(0.01)	(0.13)	0.10	0.36	(0.40)	0.86	(0.71)	2.36

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