Locorr Spectrum Correlations

LSPIX Fund

USD 5.68 0.04 0.71%

The current 90-days correlation between Locorr Spectrum Income and Technology Munications Portfolio is 0.04 (i.e., Significant 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

Very poor diversification

The correlation between Locorr Spectrum Income and DJI is 0.84 (i.e., Very 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 gross domestic product.

Moving together with Locorr Mutual Fund

0.81	LHEAX	Locorr Hedged Core	Pair Corr
0.81	LHEIX	Locorr Hedged Core	Pair Corr
0.96	LOTCX	Locorr Market Trend	Pair Corr
0.94	LOTAX	Locorr Market Trend	Pair Corr
0.96	LOTIX	Locorr Market Trend	Pair Corr
0.98	LSPCX	Locorr Spectrum Income	Pair Corr
0.98	LSPAX	Locorr Spectrum Income	Pair Corr
0.89	LEQCX	Locorr Dynamic Equity	Pair Corr
0.89	LEQAX	Locorr Dynamic Equity	Pair Corr
0.88	LEQIX	Locorr Dynamic Equity	Pair Corr
0.94	LFMCX	Locorr Macro Strategies	Pair Corr
0.92	LFMAX	Locorr Macro Strategies	Pair Corr
0.94	LFMIX	Locorr Macro Strategies	Pair Corr
0.87	GWPCX	American Funds Growth	Pair Corr
0.82	GWPFX	American Funds Growth	Pair Corr
0.88	GWPAX	American Funds Growth	Pair Corr
0.88	CGRGX	American Funds Growth	Pair Corr
0.88	FPGGX	American Funds Growth	Pair Corr
0.87	FGPGX	American Funds Growth	Pair Corr
0.88	MUTHX	Franklin Mutual Shares	Pair Corr
0.88	TESRX	Franklin Mutual Shares	Pair Corr
0.88	FMSHX	Franklin Mutual Shares	Pair Corr
0.88	CGQGX	American Funds Growth	Pair Corr
0.89	EKWDX	Wells Fargo Advantage	Pair Corr
0.94	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.94	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.77	APDTX	Artisan Thematic	Pair Corr
0.77	WBALX	Balanced Fund Balanced	Pair Corr
0.84	MCSSX	Mainstay Mon Stock	Pair Corr
0.82	RNGFX	New Economy Fund	Pair Corr
0.72	PCSGX	Pace Smallmedium Growth	Pair Corr
0.93	BSMIX	Blackrock Smallmid Cap	Pair Corr
0.79	FNJZX	Franklin New Jersey	Pair Corr
0.97	CVISX	Causeway International	Pair Corr
0.85	BKMBX	Blackrock Systematic	Pair Corr

Moving against Locorr Mutual Fund

0.5

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	ROGSX	JAGTX	VCSTX	RYCFX	ICTEX	SHPAX	BIPIX	STPAX
ROGSX		0.7	0.9	0.38	0.59	0.34	0.49	0.51	ROGSX
JAGTX	0.7		0.49	0.79	0.84	0.72	0.73	0.9	JAGTX
VCSTX	0.9	0.49		0.15	0.31	0.05	0.17	0.27	VCSTX
RYCFX	0.38	0.79	0.15		0.74	0.9	0.76	0.85	RYCFX
ICTEX	0.59	0.84	0.31	0.74		0.77	0.83	0.78	ICTEX
SHPAX	0.34	0.72	0.05	0.9	0.77		0.87	0.8	SHPAX
BIPIX	0.49	0.73	0.17	0.76	0.83	0.87		0.7	BIPIX
STPAX	0.51	0.9	0.27	0.85	0.78	0.8	0.7		STPAX
	ROGSX	JAGTX	VCSTX	RYCFX	ICTEX	SHPAX	BIPIX	STPAX

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
ROGSX	0.95	(0.10)	0.00	(0.02)	0.00	0.00	1.81	(2.47)	6.02
JAGTX	1.32	0.11	0.07	0.20	1.45	(1.37)	2.50	(2.60)	19.59
VCSTX	1.22	(0.12)	0.00	(0.03)	0.00	0.00	2.25	(3.24)	6.94
RYCFX	1.42	0.56	0.44	3.29	0.45	(1.76)	2.72	(1.50)	29.11
ICTEX	1.44	0.43	0.38	0.40	0.67	(1.89)	1.90	(1.98)	30.28
SHPAX	0.71	0.20	0.18	1.06	0.37	(0.84)	1.73	(1.14)	4.38
BIPIX	1.93	0.25	0.11	0.29	2.05	(2.05)	4.29	(3.27)	10.98
STPAX	1.16	0.19	0.10	0.57	1.11	(1.28)	1.84	(2.00)	23.81

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