Ladenburg Growth Correlations

LOWAX Fund

USD 15.56 0.08 0.52%

The current 90-days correlation between Ladenburg Growth Income and Ladenburg Growth is 0.98 (i.e., Almost no diversification). The correlation of Ladenburg Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Ladenburg Growth Income and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Growth Income 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 Growth Income. 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 Ladenburg Mutual Fund

0.97	LGWAX	Ladenburg Growth	Pair Corr
0.97	LGWCX	Ladenburg Growth	Pair Corr
0.97	LGWIX	Ladenburg Growth	Pair Corr
0.86	LNOCX	Ladenburg Income Growth	Pair Corr
0.89	LNOAX	Ladenburg Income Growth	Pair Corr
0.89	LNOIX	Ladenburg Income Growth	Pair Corr
1.0	LOWCX	Ladenburg Growth Income	Pair Corr
1.0	LOWIX	Ladenburg Growth Income	Pair Corr
0.96	LAGIX	Ladenburg Aggressive	Pair Corr
0.96	LAWCX	Ladenburg Aggressive	Pair Corr
0.96	LAWAX	Ladenburg Aggressive	Pair Corr
0.93	FBONX	American Funds American	Pair Corr
0.92	FBAFX	American Funds American	Pair Corr
0.92	ABALX	American Balanced	Pair Corr
0.92	BALCX	American Balanced	Pair Corr
0.92	BALFX	American Balanced	Pair Corr
0.92	RLBCX	American Balanced	Pair Corr
0.92	RLBBX	American Balanced	Pair Corr
0.92	CLBAX	American Balanced	Pair Corr
0.92	CLBEX	American Balanced	Pair Corr
0.92	RLBFX	American Balanced	Pair Corr
0.69	PFN	Pimco Income Strategy	Pair Corr
0.72	XNKGX	Nuveen Georgia Quality	Pair Corr
0.75	XPPRX	Voya Prime Rate	Pair Corr
0.82	PCF	Putnam High Income	Pair Corr
0.94	SCRYX	Small Cap Core	Pair Corr
0.86	FEMDX	Franklin Emerging Market	Pair Corr
0.91	LTFOX	Lord Abbett Affiliated	Pair Corr
0.81	RQECX	Resq Dynamic Allocation	Pair Corr
0.97	FBALX	Fidelity Balanced	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr

Moving against Ladenburg Mutual Fund

0.46	XNXJX	Nuveen New Jersey	Pair Corr
0.41	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	LGWAX	LGWCX	LGWIX	LNCAX	LNCCX	LNCIX	LNOCX	LNOAX	LNOIX
LGWAX		1.0	1.0	-0.12	-0.29	-0.12	0.72	0.77	0.77	LGWAX
LGWCX	1.0		1.0	-0.11	-0.28	-0.11	0.73	0.77	0.77	LGWCX
LGWIX	1.0	1.0		-0.12	-0.29	-0.12	0.72	0.77	0.76	LGWIX
LNCAX	-0.12	-0.11	-0.12		0.98	1.0	0.6	0.55	0.55	LNCAX
LNCCX	-0.29	-0.28	-0.29	0.98		0.98	0.45	0.39	0.39	LNCCX
LNCIX	-0.12	-0.11	-0.12	1.0	0.98		0.6	0.55	0.55	LNCIX
LNOCX	0.72	0.73	0.72	0.6	0.45	0.6		1.0	1.0	LNOCX
LNOAX	0.77	0.77	0.77	0.55	0.39	0.55	1.0		1.0	LNOAX
LNOIX	0.77	0.77	0.76	0.55	0.39	0.55	1.0	1.0		LNOIX
	LGWAX	LGWCX	LGWIX	LNCAX	LNCCX	LNCIX	LNOCX	LNOAX	LNOIX

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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
LNCIX	+ 1.0	LNCAX
LNOAX	+ 1.0	LNOCX
LNOIX	+ 1.0	LNOCX

High negative correlations

LNCCX	- 0.29	LGWIX
LNCCX	- 0.29	LGWAX
LNCCX	- 0.28	LGWCX
LNCIX	- 0.12	LGWIX
LNCAX	- 0.12	LGWIX
LNCIX	- 0.12	LGWAX

Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Growth 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 Growth'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
LNCCX	0.24	(0.03)	(0.39)	(0.05)	0.28	(0.29)	0.47	(0.46)	1.47
LNCIX	0.24	(0.02)	(0.37)	(0.01)	0.27	(0.29)	0.46	(0.45)	1.47
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

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