Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles E
NEFRX Fund  USD 11.44  0.03  0.26%   
The current 90-days correlation between Loomis Sayles E and Arrow Managed Futures is 0.1 (i.e., Average 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

Good diversification

The correlation between Loomis Sayles E and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles E 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 E. 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 metropolitan statistical area.

Moving together with Loomis Mutual Fund

  0.83AMFAX Asg Managed FuturesPairCorr
  0.83AMFNX Asg Managed FuturesPairCorr
  0.94LGANX Loomis Sayles LimitedPairCorr
  1.0LGBCX Loomis Sayles InvestmentPairCorr
  0.99LGBNX Loomis Sayles InvestmentPairCorr
  0.99LIGRX Loomis Sayles InvestmentPairCorr
  0.81NRCFX Aew Real EstatePairCorr
  0.79NRFAX Aew Real EstatePairCorr
  0.78NRFNX Aew Real EstatePairCorr
  0.78NRFYX Aew Real EstatePairCorr

Moving against Loomis Mutual Fund

  0.8NOANX Natixis OakmarkPairCorr
  0.8GCPAX Gateway Equity CallPairCorr
  0.8GCPCX Gateway Equity CallPairCorr
  0.8GCPNX Gateway Equity CallPairCorr
  0.8GCPYX Gateway Equity CallPairCorr
  0.78LGRCX Loomis Sayles GrowthPairCorr
  0.78LGRNX Loomis Sayles GrowthPairCorr
  0.4LGMNX Loomis Sayles GlobalPairCorr
  0.39LGMAX Loomis Sayles GlobalPairCorr
  0.36LGMCX Loomis Sayles GlobalPairCorr
  0.78LGRRX Loomis Sayles GrowthPairCorr
  0.77VNVCX Vaughan Nelson ValuePairCorr
  0.77VNVAX Vaughan Nelson ValuePairCorr
  0.77VNVNX Vaughan Nelson ValuePairCorr
  0.77VNVYX Vaughan Nelson ValuePairCorr
  0.7VNSYX Vaughan Nelson SelectPairCorr
  0.7VNSNX Vaughan Nelson SelectPairCorr
  0.69VNSCX Vaughan Nelson SelectPairCorr
  0.69VNSAX Vaughan Nelson SelectPairCorr
  0.62NSFLX Natixis SustainablePairCorr
  0.62NSFKX Natixis SustainablePairCorr
  0.8NECOX Natixis OakmarkPairCorr
  0.65VSCNX Vaughan Nelson SmallPairCorr
  0.62NSFOX Natixis SustainablePairCorr
  0.61NSFJX Natixis SustainablePairCorr

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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