Limited Term Correlations

LTXCX Fund

USD 15.45 0.01 0.06%

The current 90-days correlation between Limited Term Tax and Aqr Large Cap is -0.22 (i.e., Very good diversification). The correlation of Limited Term 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.

Limited Term Correlation With Market

Very good diversification

The correlation between Limited Term Tax and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Limited Term Tax 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 Limited Term Tax. 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 main economic indicators.

Moving together with Limited Mutual Fund

0.8	CGTCX	Us Government Securities	Pair Corr
0.82	FIBLX	American Funds Inflation	Pair Corr
0.81	USGFX	Us Government Securities	Pair Corr
0.79	RGVAX	Us Government Securities	Pair Corr
0.81	RGVCX	Us Government Securities	Pair Corr
0.8	RGVBX	Us Government Securities	Pair Corr
0.81	RGVJX	Us Government Securities	Pair Corr
0.92	LTXFX	Limited Term Tax	Pair Corr
0.81	UGSFX	Us Government Securities	Pair Corr
0.79	VMLTX	Vanguard Limited Term	Pair Corr
0.79	VMLUX	Vanguard Limited Term	Pair Corr
0.77	GDUSX	Goldman Sachs Short	Pair Corr
0.78	GANPX	Goldman Sachs Short	Pair Corr
0.98	SNDPX	Diversified Municipal	Pair Corr
0.98	AIDYX	Diversified Municipal	Pair Corr
0.91	AIDZX	Diversified Municipal	Pair Corr

Moving against Limited Mutual Fund

0.49	LSHUX	Horizon Spin Off	Pair Corr
0.4	CGFAX	Growth Fund	Pair Corr
0.39	GFAFX	Growth Fund	Pair Corr
0.55	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.54	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.51	LSHCX	Horizon Spin Off	Pair Corr
0.51	LSHEX	Kinetics Spin Off	Pair Corr
0.5	WWNPX	Kinetics Paradigm	Pair Corr
0.5	KNPCX	Kinetics Paradigm	Pair Corr
0.5	KNPYX	Kinetics Paradigm	Pair Corr
0.5	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.49	LSHAX	Horizon Spin Off	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.44	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.34	SPMPX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	AMONX	ALCEX	LMTIX	SCPAX	JLCWX	SBQAX	DOXGX	PCLVX
AMONX		0.96	0.97	0.96	0.97	0.94	0.94	0.97	AMONX
ALCEX	0.96		0.99	0.98	0.94	0.98	0.98	0.96	ALCEX
LMTIX	0.97	0.99		1.0	0.94	0.97	0.98	0.95	LMTIX
SCPAX	0.96	0.98	1.0		0.93	0.96	0.98	0.95	SCPAX
JLCWX	0.97	0.94	0.94	0.93		0.93	0.92	0.98	JLCWX
SBQAX	0.94	0.98	0.97	0.96	0.93		0.96	0.95	SBQAX
DOXGX	0.94	0.98	0.98	0.98	0.92	0.96		0.94	DOXGX
PCLVX	0.97	0.96	0.95	0.95	0.98	0.95	0.94		PCLVX
	AMONX	ALCEX	LMTIX	SCPAX	JLCWX	SBQAX	DOXGX	PCLVX

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Risk-Adjusted Indicators

There is a big difference between Limited Mutual Fund performing well and Limited Term 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 Limited Term'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
AMONX	0.69	0.04	0.04	0.15	0.83	(0.73)	1.63	(1.30)	4.55
ALCEX	0.61	0.15	0.05	4.89	0.44	(0.74)	1.28	(0.84)	4.70
LMTIX	0.60	0.14	0.04	2.71	0.72	(0.69)	1.33	(1.49)	4.07
SCPAX	0.53	0.11	0.00	22.90	0.54	(0.59)	0.94	(1.09)	3.57
JLCWX	0.58	0.01	(0.01)	0.12	0.69	(0.57)	1.00	(1.42)	4.01
SBQAX	0.64	0.15	0.04	49.78	0.62	(0.78)	1.41	(1.11)	4.87
DOXGX	0.52	0.10	(0.04)	(1.70)	0.44	(0.58)	0.94	(0.93)	4.22
PCLVX	0.50	(0.01)	(0.06)	0.10	0.36	(0.61)	1.01	(0.91)	3.99

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