Locorr Spectrum Correlations

LSPIX Fund

USD 5.74 0.07 1.20%

The current 90-days correlation between Locorr Spectrum Income and Doubleline Emerging Markets is 0.44 (i.e., Very 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 0.72 (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

0.84	LHEAX	Locorr Hedged Core	Pair Corr
0.85	LHEIX	Locorr Hedged Core	Pair Corr
0.96	LOTCX	Locorr Market Trend	Pair Corr
0.97	LOTAX	Locorr Market Trend	Pair Corr
0.97	LOTIX	Locorr Market Trend	Pair Corr
0.89	LSAAX	Locorr Strategic All	Pair Corr
0.89	LSAIX	Locorr Strategic All	Pair Corr
0.98	LSPCX	Locorr Spectrum Income	Pair Corr
0.98	LSPAX	Locorr Spectrum Income	Pair Corr
0.85	LEQCX	Locorr Dynamic Equity	Pair Corr
0.87	LEQAX	Locorr Dynamic Equity	Pair Corr
0.85	LEQIX	Locorr Dynamic Equity	Pair Corr
0.96	LFMCX	Locorr Macro Strategies	Pair Corr
0.95	LFMAX	Locorr Macro Strategies	Pair Corr
0.95	LFMIX	Locorr Macro Strategies	Pair Corr
0.75	CGRGX	American Funds Growth	Pair Corr
0.72	FPGGX	American Funds Growth	Pair Corr
0.72	FGPGX	American Funds Growth	Pair Corr
0.89	MUTHX	Franklin Mutual Shares	Pair Corr
0.84	TESRX	Franklin Mutual Shares	Pair Corr
0.85	FMSHX	Franklin Mutual Shares	Pair Corr
0.75	CGQGX	American Funds Growth	Pair Corr
0.95	VTIAX	Vanguard Total Inter	Pair Corr
0.81	VBTLX	Vanguard Total Bond	Pair Corr
0.92	MKNJX	Blackrock New Jersey	Pair Corr

Related Correlations Analysis

	TBCUX	ELBIX	SMAAX	TERXX	TIMXX	FZBXX	DSHXX	DBELX
TBCUX		0.94	0.94	0.0	0.0	0.0	0.0	0.94	TBCUX
ELBIX	0.94		0.93	0.0	0.0	0.0	0.0	1.0	ELBIX
SMAAX	0.94	0.93		0.0	0.0	0.0	0.0	0.95	SMAAX
TERXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TERXX
TIMXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TIMXX
FZBXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FZBXX
DSHXX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	DSHXX
DBELX	0.94	1.0	0.95	0.0	0.0	0.0	0.0		DBELX
	TBCUX	ELBIX	SMAAX	TERXX	TIMXX	FZBXX	DSHXX	DBELX

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

DBELX	+ 1.0	ELBIX
DBELX	+ 0.95	SMAAX
ELBIX	+ 0.94	TBCUX
SMAAX	+ 0.94	TBCUX
DBELX	+ 0.94	TBCUX
SMAAX	+ 0.93	ELBIX

High negative correlations

DBELX	- 0.0	DSHXX
DBELX	- 0.0	FZBXX
DSHXX	- 0.0	FZBXX
DBELX	- 0.0	TIMXX
DSHXX	- 0.0	TIMXX
FZBXX	- 0.0	TIMXX

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
TBCUX	0.61	0.21	0.21	0.36	0.53	(0.70)	1.36	(0.73)	10.85
ELBIX	0.27	0.02	(0.01)	0.16	0.45	(0.29)	0.56	(0.43)	2.77
SMAAX	0.08	0.01	(0.09)	0.75	0.00	(0.14)	0.20	(0.10)	0.87
TERXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FZBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSHXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DBELX	0.27	0.03	0.01	0.20	0.41	(0.31)	0.62	(0.51)	2.83

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