Locorr Market Correlations

LOTCX Fund

USD 10.81 0.05 0.46%

The current 90-days correlation between Locorr Market Trend and Locorr Spectrum Income is 0.32 (i.e., Weak diversification). The correlation of Locorr Market 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 Market Correlation With Market

Poor diversification

The correlation between Locorr Market Trend and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Market Trend 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 Market Trend. 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 main economic indicators.

Moving together with Locorr Mutual Fund

1.0	LOTAX	Locorr Market Trend	Pair Corr
0.67	LCSAX	Locorr Longshort Modities	Pair Corr
0.91	PQTAX	Pimco Trends Managed	Pair Corr
0.88	PQTNX	Pimco Trends Managed	Pair Corr
0.76	AHLPX	American Beacon Ahl	Pair Corr
0.88	AMFNX	Asg Managed Futures	Pair Corr
0.97	ABYCX	Abbey Capital Futures	Pair Corr
0.97	ABYAX	Abbey Capital Futures	Pair Corr
0.97	ABYIX	Abbey Capital Futures	Pair Corr
0.89	AMFAX	Asg Managed Futures	Pair Corr
0.96	ASFYX	Asg Managed Futures	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Locorr Mutual Fund

0.53	RYMEX	Commodities Strategy	Pair Corr
0.53	RYMBX	Commodities Strategy	Pair Corr
0.52	RYMJX	Commodities Strategy	Pair Corr
0.5	XGEIX	Guggenheim Energy Income	Pair Corr
0.44	SPGSX	State Street Premier	Pair Corr
0.39	LEQCX	Locorr Dynamic Equity	Pair Corr
0.62	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.55	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.54	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.48	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.43	RIV	Rivernorth Opportunities	Pair Corr
0.42	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.42	BAC	Bank of America Aggressive Push	Pair Corr
0.39	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.37	T	ATT Inc Sell-off Trend	Pair Corr
0.36	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LCSIX	LEQCX
LSPCX		0.99	1.0	0.2	0.19	0.21	0.2	LSPCX
LSPAX	0.99		1.0	0.14	0.13	0.15	0.25	LSPAX
LSPIX	1.0	1.0		0.14	0.13	0.15	0.25	LSPIX
LCSAX	0.2	0.14	0.14		0.97	0.97	-0.79	LCSAX
LCSCX	0.19	0.13	0.13	0.97		1.0	-0.77	LCSCX
LCSIX	0.21	0.15	0.15	0.97	1.0		-0.76	LCSIX
LEQCX	0.2	0.25	0.25	-0.79	-0.77	-0.76		LEQCX
	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LCSIX	LEQCX

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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

LSPIX	+ 1.0	LSPCX
LSPIX	+ 1.0	LSPAX
LCSIX	+ 1.0	LCSCX
LSPAX	+ 0.99	LSPCX
LCSCX	+ 0.97	LCSAX
LCSIX	+ 0.97	LCSAX

High negative correlations

LEQCX	- 0.79	LCSAX
LEQCX	- 0.77	LCSCX
LEQCX	- 0.76	LCSIX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Market 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 Market'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
LSPCX	0.34	(0.01)	(0.21)	0.07	0.33	(0.47)	0.72	(0.70)	1.62
LSPAX	0.36	(0.01)	(0.20)	0.07	0.35	(0.45)	0.73	(0.71)	1.64
LSPIX	0.35	(0.01)	(0.20)	0.07	0.33	(0.49)	0.73	(0.72)	1.65
LCSAX	0.25	(0.07)	0.00	(1.71)	0.00	0.00	0.33	(0.54)	1.69
LCSCX	0.26	(0.06)	0.00	(3.24)	0.00	0.00	0.45	(0.56)	1.79
LCSIX	0.27	(0.05)	0.00	(3.42)	0.00	0.00	0.42	(0.53)	1.87
LEQCX	0.40	0.10	(0.04)	(4.31)	0.24	(0.49)	0.91	(0.73)	2.38

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