Locorr Spectrum Correlations

Mutual Funds . USA . 
Fund . Locorr Spectrum Income
LSPAX Fund  USD 5.82  0.01  0.17%   
The current 90-days correlation between Locorr Spectrum Income and Locorr Spectrum Income is 0.98 (i.e., Almost no diversification). The correlation of Locorr Spectrum 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 Spectrum Correlation With Market

Poor diversification

The correlation between Locorr Spectrum Income and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Spectrum 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 Locorr Spectrum 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 Locorr Mutual Fund

  0.87LHEAX Locorr Hedged CorePairCorr
  0.87LHEIX Locorr Hedged CorePairCorr
  0.95LOTCX Locorr Market TrendPairCorr
  0.97LOTAX Locorr Market TrendPairCorr
  0.95LOTIX Locorr Market TrendPairCorr
  0.9LSAAX Locorr Strategic AllPairCorr
  0.9LSAIX Locorr Strategic AllPairCorr
  1.0LSPCX Locorr Spectrum IncomePairCorr
  0.99LSPIX Locorr Spectrum IncomePairCorr
  0.86LEQCX Locorr Dynamic EquityPairCorr
  0.84LEQAX Locorr Dynamic EquityPairCorr
  0.84LEQIX Locorr Dynamic EquityPairCorr
  0.96LFMCX Locorr Macro StrategiesPairCorr
  0.96LFMAX Locorr Macro StrategiesPairCorr
  0.96LFMIX Locorr Macro StrategiesPairCorr
  0.62GWPFX American Funds GrowthPairCorr
  0.66GWPAX American Funds GrowthPairCorr
  0.77CGRGX American Funds GrowthPairCorr
  0.77FPGGX American Funds GrowthPairCorr
  0.77FGPGX American Funds GrowthPairCorr
  0.89MUTHX Franklin Mutual SharesPairCorr
  0.85TESRX Franklin Mutual SharesPairCorr
  0.86FMSHX Franklin Mutual SharesPairCorr
  0.8CGQGX American Funds GrowthPairCorr
  0.64VTSAX Vanguard Total StockPairCorr
  0.64VSTSX Vanguard Total StockPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.78VBTLX Vanguard Total BondPairCorr
  0.9MKNJX Blackrock New JerseyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Spectrum 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 Spectrum'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.

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