Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Small
LSSIX Fund  USD 32.23  0.50  1.58%   
The current 90-days correlation between Loomis Sayles Small and Jpmorgan Mid Cap is 0.88 (i.e., Very poor diversification). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Very poor diversification

The correlation between Loomis Sayles Small and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Small 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 Loomis Sayles Small. 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 Loomis Mutual Fund

  0.99LSCNX Loomis Sayles SmallPairCorr
  0.99LSCRX Loomis Sayles SmallPairCorr
  0.7LSHIX Loomis Sayles InstitPairCorr
  0.72LSIOX Loomis Sayles HighPairCorr
  0.99LSMIX Loomis Sayles SmallmidPairCorr
  0.99LSMNX Loomis Sayles SmallmidPairCorr
  0.91LSSCX Loomis Sayles SmallPairCorr
  1.0LSSNX Loomis Sayles SmallPairCorr
  0.99LSVAX Loomis Sayles SmallPairCorr
  1.0LCGRX Loomis Sayles SmallPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.96VSGIX Vanguard Small CapPairCorr
  0.96VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.95JGMIX Janus TritonPairCorr
  0.95JGMRX Janus TritonPairCorr
  0.95JGMAX Janus TritonPairCorr
  0.95JGMCX Janus TritonPairCorr
  0.95JGMNX Janus TritonPairCorr
  0.86KMKAX Kinetics Market Oppo Steady GrowthPairCorr
  0.85KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.71SMPSX Semiconductor UltrasectorPairCorr
  0.85LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.86LSHCX Horizon Spin Off Steady GrowthPairCorr

Moving against Loomis Mutual Fund

  0.65LSGBX Loomis Sayles GlobalPairCorr
  0.65LSGLX Loomis Sayles GlobalPairCorr
  0.62LSGNX Loomis Sayles GlobalPairCorr
  0.58LSSAX Loomis Sayles SecuritizedPairCorr
  0.53LSIGX Loomis Sayles InvestmentPairCorr
  0.48LIPRX Loomis Sayles InflationPairCorr
  0.46LIPNX Loomis Sayles InflationPairCorr
  0.46LSGSX Loomis Sayles InflationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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.

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