Ladenburg Growth Correlations

Mutual Funds . USA . 
Fund . Ladenburg Growth Income
LOWIX Fund  USD 14.25  0.07  0.49%   
The current 90-days correlation between Ladenburg Growth Income and Ladenburg Growth is 0.09 (i.e., Significant 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

Modest diversification

The correlation between Ladenburg Growth Income and DJI is 0.29 (i.e., Modest 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 gross domestic product.

Moving together with Ladenburg Mutual Fund

  0.95LGWAX Ladenburg GrowthPairCorr
  0.95LGWCX Ladenburg GrowthPairCorr
  1.0LGWIX Ladenburg GrowthPairCorr
  0.97LNCAX Ladenburg Income FunPairCorr
  0.97LNCCX Ladenburg Income FunPairCorr
  0.97LNCIX Ladenburg Income FunPairCorr
  0.95LNOCX Ladenburg Income GrowthPairCorr
  0.96LNOAX Ladenburg Income GrowthPairCorr
  0.95LNOIX Ladenburg Income GrowthPairCorr
  1.0LOWAX Ladenburg Growth IncomePairCorr
  1.0LOWCX Ladenburg Growth IncomePairCorr
  0.9LAGIX Ladenburg AggressivePairCorr
  0.99LAWCX Ladenburg AggressivePairCorr
  0.98LAWAX Ladenburg AggressivePairCorr
  0.78FBONX American Funds AmericanPairCorr
  0.78FBAFX American Funds AmericanPairCorr
  0.78ABALX American BalancedPairCorr
  0.78BALCX American BalancedPairCorr
  0.78BALFX American BalancedPairCorr
  0.78RLBCX American BalancedPairCorr
  0.78RLBBX American BalancedPairCorr
  0.83CLBAX American BalancedPairCorr
  0.83CLBEX American BalancedPairCorr
  0.78RLBFX American BalancedPairCorr

Moving against Ladenburg Mutual Fund

  0.56SRDAX Stone Ridge DiversifiedPairCorr
  0.53FISAX Franklin AdjustablePairCorr
  0.49FULAX Federated Ultrashort BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LGWAX  0.66 (0.12) 0.00 (0.43) 0.00 
 0.00 
 0.94 
(1.26)
 12.07 
LGWCX  0.66 (0.13) 0.00 (0.44) 0.00 
 0.00 
 0.96 
(1.29)
 12.31 
LGWIX  0.65 (0.13) 0.00 (0.25) 0.00 
 0.00 
 0.94 
(1.27)
 12.15 
LNCAX  0.32 (0.06) 0.00 (0.29) 0.00 
 0.00 
 0.47 
(0.73)
 3.51 
LNCCX  0.33 (0.07) 0.00 (0.31) 0.00 
 0.00 
 0.47 
(0.74)
 3.65 
LNCIX  0.33 (0.06) 0.00 (0.28) 0.00 
 0.00 
 0.47 
(0.74)
 3.63 
LNOCX  0.46 (0.13) 0.00 (0.57) 0.00 
 0.00 
 0.70 
(0.77)
 8.66 
LNOAX  0.46 (0.12) 0.00 (0.56) 0.00 
 0.00 
 0.69 
(0.75)
 8.45 
LNOIX  0.46 (0.12) 0.00 (0.54) 0.00 
 0.00 
 0.69 
(0.75)
 8.44 
LOWAX  0.54 (0.12) 0.00 (0.29) 0.00 
 0.00 
 0.84 
(0.99)
 9.58 

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