Locorr Spectrum Correlations

LSPCX Fund

USD 5.54 0.03 0.54%

The current 90-days correlation between Locorr Spectrum Income and Locorr Hedged Core is 0.33 (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

Average diversification

The correlation between Locorr Spectrum Income and DJI is 0.18 (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.

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 services.

Moving together with Locorr Mutual Fund

0.93	LSPAX	Locorr Spectrum Income	Pair Corr
0.93	LSPIX	Locorr Spectrum Income	Pair Corr
0.79	GAAKX	Gmo Alternative Allo	Pair Corr
0.78	GAAGX	Gmo Alternative Allo	Pair Corr
0.67	PQTAX	Pimco Trends Managed	Pair Corr
0.69	PQTNX	Pimco Trends Managed	Pair Corr
0.69	PQTIX	Aa Pimco Tr	Pair Corr
0.76	TALCX	Transamerica Large Cap	Pair Corr
0.73	VWELX	Vanguard Wellington	Pair Corr
0.68	CLREX	Columbia Balanced	Pair Corr
0.65	JARTX	Janus Forty Fund	Pair Corr
0.63	RNEIX	Rationalrgn Hedged Equity	Pair Corr

Related Correlations Analysis

	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPAX	LSPIX	LCSAX	LCSCX
LHEAX		1.0	0.56	0.58	0.58	-0.15	-0.14	0.84	0.67	LHEAX
LHEIX	1.0		0.58	0.61	0.6	-0.12	-0.11	0.82	0.65	LHEIX
LOTCX	0.56	0.58		0.77	0.77	0.32	0.33	0.3	0.22	LOTCX
LOTAX	0.58	0.61	0.77		1.0	0.36	0.36	0.24	0.18	LOTAX
LOTIX	0.58	0.6	0.77	1.0		0.38	0.38	0.23	0.18	LOTIX
LSPAX	-0.15	-0.12	0.32	0.36	0.38		1.0	-0.21	-0.25	LSPAX
LSPIX	-0.14	-0.11	0.33	0.36	0.38	1.0		-0.2	-0.24	LSPIX
LCSAX	0.84	0.82	0.3	0.24	0.23	-0.21	-0.2		0.84	LCSAX
LCSCX	0.67	0.65	0.22	0.18	0.18	-0.25	-0.24	0.84		LCSCX
	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPAX	LSPIX	LCSAX	LCSCX

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

LHEIX	+ 1.0	LHEAX
LOTIX	+ 1.0	LOTAX
LSPIX	+ 1.0	LSPAX
LCSAX	+ 0.84	LHEAX
LCSCX	+ 0.84	LCSAX
LCSAX	+ 0.82	LHEIX

High negative correlations

LCSCX	- 0.25	LSPAX
LCSCX	- 0.24	LSPIX
LCSAX	- 0.21	LSPAX
LCSAX	- 0.2	LSPIX
LSPAX	- 0.15	LHEAX
LSPIX	- 0.14	LHEAX

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
LHEAX	0.22	0.00	(0.19)	0.18	0.21	(0.27)	0.43	(0.52)	1.37
LHEIX	0.21	0.00	(0.18)	0.12	0.21	(0.27)	0.42	(0.52)	1.37
LOTCX	0.62	0.04	(0.01)	0.26	0.73	(0.68)	1.27	(1.07)	3.71
LOTAX	0.61	0.02	0.01	0.09	0.71	(0.67)	1.19	(1.00)	3.67
LOTIX	0.61	0.02	0.01	0.09	0.71	(0.67)	1.19	(1.09)	3.66
LSPAX	0.43	(0.01)	(0.05)	0.05	0.52	(0.47)	0.76	(0.76)	2.27
LSPIX	0.42	0.00	(0.05)	0.05	0.48	(0.50)	0.77	(0.76)	2.29
LCSAX	0.25	(0.01)	0.00	(3.67)	0.00	0.00	0.47	(0.47)	1.63
LCSCX	0.25	(0.03)	0.00	(0.16)	0.00	0.00	0.50	(0.62)	2.22

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