Locorr Spectrum Correlations
| LSPCX Fund | USD 5.72 0.01 0.17% |
The current 90-days correlation between Locorr Spectrum Income and Angel Oak Financial is 0.12 (i.e., Average 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
Average diversification
The correlation between Locorr Spectrum Income and DJI is 0.14 (i.e., Average 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.
Locorr |
Moving together with Locorr Mutual Fund
| 0.91 | LSPAX | Locorr Spectrum Income | PairCorr |
| 1.0 | LSPIX | Locorr Spectrum Income | PairCorr |
| 0.85 | WARCX | Wells Fargo Advantage | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XFINX | 0.11 | 0.02 | (0.25) | 0.97 | 0.13 | 0.22 | 1.00 | |||
| GCFSX | 0.68 | 0.00 | (0.01) | 0.12 | 0.65 | 1.52 | 4.94 | |||
| BTO | 0.93 | 0.11 | 0.15 | 0.20 | 0.75 | 1.88 | 9.88 | |||
| FNPIX | 1.09 | 0.33 | 0.15 | (1.69) | 0.88 | 2.09 | 11.72 | |||
| MSVIX | 0.79 | (0.07) | (0.04) | 0.06 | 0.84 | 1.78 | 5.71 | |||
| MCBXX | 0.03 | 0.01 | 0.00 | (0.12) | 0.00 | 0.00 | 1.01 | |||
| FIKBX | 0.83 | 0.27 | 0.17 | (2.18) | 0.50 | 1.88 | 9.76 | |||
| SBFAX | 0.80 | 0.24 | 0.13 | (2.64) | 0.51 | 1.72 | 8.60 |