Locorr Spectrum Correlations

Mutual Funds . USA . 
Fund . Locorr Spectrum Income
LSPAX Fund  USD 5.68  0.03  0.53%   
The current 90-days correlation between Locorr Spectrum Income and Pace High Yield is 0.31 (i.e., Weak 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 0.79 (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

  0.82LHEAX Locorr Hedged CorePairCorr
  0.82LHEIX Locorr Hedged CorePairCorr
  0.93LOTCX Locorr Market TrendPairCorr
  0.94LOTAX Locorr Market TrendPairCorr
  0.94LOTIX Locorr Market TrendPairCorr
  1.0LSPCX Locorr Spectrum IncomePairCorr
  0.98LSPIX Locorr Spectrum IncomePairCorr
  0.87LEQCX Locorr Dynamic EquityPairCorr
  0.87LEQAX Locorr Dynamic EquityPairCorr
  0.85LEQIX Locorr Dynamic EquityPairCorr
  0.92LFMCX Locorr Macro StrategiesPairCorr
  0.92LFMAX Locorr Macro StrategiesPairCorr
  0.92LFMIX Locorr Macro StrategiesPairCorr
  0.84GWPCX American Funds GrowthPairCorr
  0.77GWPFX American Funds GrowthPairCorr
  0.87GWPAX American Funds GrowthPairCorr
  0.84CGRGX American Funds GrowthPairCorr
  0.84FPGGX American Funds GrowthPairCorr
  0.84FGPGX American Funds GrowthPairCorr
  0.86MUTHX Franklin Mutual SharesPairCorr
  0.88TESRX Franklin Mutual SharesPairCorr
  0.86FMSHX Franklin Mutual SharesPairCorr
  0.84CGQGX American Funds GrowthPairCorr
  0.86EKWDX Wells Fargo AdvantagePairCorr
  0.93PMPIX Precious Metals UltrPairCorr
  0.93PMPSX Precious Metals UltrPairCorr
  0.71APDTX Artisan ThematicPairCorr
  0.76WBALX Balanced Fund BalancedPairCorr
  0.84MCSSX Mainstay Mon StockPairCorr
  0.8RNGFX New Economy FundPairCorr
  0.69PCSGX Pace Smallmedium GrowthPairCorr
  0.89BSMIX Blackrock Smallmid CapPairCorr
  0.77FNJZX Franklin New JerseyPairCorr
  0.96CVISX Causeway InternationalPairCorr
  0.86BKMBX Blackrock SystematicPairCorr

Moving against Locorr Mutual Fund

  0.52CISGX Touchstone Sands CapitalPairCorr

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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