Locorr Spectrum Correlations

LSPIX Fund

USD 5.44 0.02 0.37%

The current 90-days correlation between Locorr Spectrum Income and Locorr Hedged Core is 0.28 (i.e., Modest 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 0.62 (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 gross domestic product.

Moving together with Locorr Mutual Fund

1.0	LSPCX	Locorr Spectrum Income	Pair Corr
1.0	LSPAX	Locorr Spectrum Income	Pair Corr
0.65	MUTHX	Franklin Mutual Shares	Pair Corr
0.68	TESRX	Franklin Mutual Shares	Pair Corr
0.65	FMSHX	Franklin Mutual Shares	Pair Corr
0.82	GVIZX	Guidestone Value Equity	Pair Corr
0.76	SCFZX	Pgim Securitized Credit	Pair Corr
0.69	FGWMX	Fidelity New Markets	Pair Corr
0.75	MEDFX	Mfs Emerging Markets	Pair Corr
0.71	PAIKX	T Rowe Price	Pair Corr
0.73	FKINX	Franklin Income	Pair Corr
0.68	SEMRX	Semper Short Duration	Pair Corr
0.65	CAAAX	Calvert Aggressive	Pair Corr

Related Correlations Analysis

	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX
LHEAX		1.0	0.64	0.64	0.64	-0.17	-0.15	-0.15	0.75	0.79	LHEAX
LHEIX	1.0		0.66	0.66	0.65	-0.15	-0.13	-0.12	0.73	0.77	LHEIX
LOTCX	0.64	0.66		1.0	1.0	0.23	0.23	0.24	0.15	0.11	LOTCX
LOTAX	0.64	0.66	1.0		1.0	0.25	0.25	0.26	0.14	0.09	LOTAX
LOTIX	0.64	0.65	1.0	1.0		0.27	0.27	0.28	0.13	0.09	LOTIX
LSPCX	-0.17	-0.15	0.23	0.25	0.27		1.0	1.0	-0.26	-0.28	LSPCX
LSPAX	-0.15	-0.13	0.23	0.25	0.27	1.0		1.0	-0.25	-0.27	LSPAX
LSPIX	-0.15	-0.12	0.24	0.26	0.28	1.0	1.0		-0.25	-0.27	LSPIX
LCSAX	0.75	0.73	0.15	0.14	0.13	-0.26	-0.25	-0.25		0.86	LCSAX
LCSCX	0.79	0.77	0.11	0.09	0.09	-0.28	-0.27	-0.27	0.86		LCSCX
	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX

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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
LOTAX	+ 1.0	LOTCX
LOTIX	+ 1.0	LOTCX
LOTIX	+ 1.0	LOTAX
LSPAX	+ 1.0	LSPCX
LSPIX	+ 1.0	LSPCX

High negative correlations

LCSCX	- 0.28	LSPCX
LCSCX	- 0.27	LSPIX
LCSCX	- 0.27	LSPAX
LCSAX	- 0.26	LSPCX
LCSAX	- 0.25	LSPIX
LCSAX	- 0.25	LSPAX

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	0.21	0.00	(0.23)	0.05	0.19	(0.26)	0.43	(0.42)	1.37
LHEIX	0.20	0.00	(0.23)	0.05	0.18	(0.26)	0.42	(0.43)	1.37
LOTCX	0.61	0.01	(0.02)	0.08	0.71	(0.68)	1.27	(1.07)	3.71
LOTAX	0.60	0.01	(0.01)	0.08	0.69	(0.67)	1.19	(1.00)	3.69
LOTIX	0.61	0.01	(0.01)	0.08	0.69	(0.68)	1.19	(1.09)	3.70
LSPCX	0.42	(0.02)	(0.08)	0.04	0.48	(0.50)	0.91	(0.90)	2.23
LSPAX	0.42	(0.01)	(0.07)	0.04	0.50	(0.47)	0.76	(0.76)	2.27
LSPIX	0.41	(0.01)	(0.08)	0.05	0.47	(0.50)	0.77	(0.76)	2.29
LCSAX	0.24	0.00	(0.20)	0.47	0.30	(0.28)	0.47	(0.47)	1.63
LCSCX	0.24	(0.02)	(0.21)	(0.09)	0.30	(0.31)	0.50	(0.61)	1.85

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