Lmp Capital Correlations

SCD Fund

USD 17.55 0.15 0.86%

The current 90-days correlation between Lmp Capital And and Western Asset High is 0.25 (i.e., Modest diversification). The correlation of Lmp Capital 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.

Lmp Capital Correlation With Market

Very weak diversification

The correlation between Lmp Capital And and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lmp Capital And and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Lmp Capital And. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Lmp Fund

0.78	UTG	Reaves Utility If	Pair Corr
0.77	GDV	Gabelli Dividend Income	Pair Corr
0.69	TDF	Templeton Dragon Closed	Pair Corr
0.71	UTF	Cohen And Steers	Pair Corr
0.87	LBHIX	Thrivent High Yield	Pair Corr
0.87	JHYFX	Janus High Yield	Pair Corr
0.68	EAAMX	Eaton Vance Multi	Pair Corr
0.77	GSFTX	Columbia Dividend Income	Pair Corr
0.66	SSIAX	1919 Socially Responsive	Pair Corr
0.77	CAACX	Calvert Aggressive	Pair Corr
0.66	VFIAX	Vanguard 500 Index	Pair Corr
0.9	TAIAX	American Funds Tax	Pair Corr
0.63	AMGOX	Alger Mid Cap	Pair Corr
0.75	FINFX	American Funds Funda	Pair Corr
0.67	RNGHX	New Economy Fund	Pair Corr
0.79	DABMX	Dreyfus Yield Enhancement	Pair Corr
0.72	TMSSX	T Rowe Price	Pair Corr
0.68	VMCIX	Vanguard Mid Cap	Pair Corr
0.68	BMSYX	Mfs Blended Research	Pair Corr
0.69	NUESX	Northern Quality Esg	Pair Corr
0.66	URNQX	Nasdaq 100 Index	Pair Corr
0.75	BARAX	Baron Asset Fund	Pair Corr
0.66	TLWCX	Tiaa Cref Social	Pair Corr
0.72	RICEX	Investment Of America	Pair Corr
0.85	SSCKX	State Street Target	Pair Corr
0.78	VLCGX	Large Capital Growth	Pair Corr
0.69	BSPIX	Blackrock Sp 500	Pair Corr
0.66	FXAIX	Fidelity 500 Index	Pair Corr
0.69	CII	Blackrock Enhanced	Pair Corr

Moving against Lmp Fund

0.57

Korea Closed

Pair Corr

Related Correlations Analysis

	HIE	HYI	NBW	BWG	VGI	HTY	RSF	DMO	JSD	EDI
HIE		0.54	-0.25	-0.25	0.64	0.3	0.79	0.73	0.05	0.13	HIE
HYI	0.54		-0.63	0.36	0.76	-0.34	0.63	0.53	-0.53	-0.26	HYI
NBW	-0.25	-0.63		-0.55	-0.51	0.63	-0.44	-0.27	0.69	0.6	NBW
BWG	-0.25	0.36	-0.55		0.28	-0.82	-0.02	-0.18	-0.77	-0.7	BWG
VGI	0.64	0.76	-0.51	0.28		-0.34	0.83	0.64	-0.49	-0.31	VGI
HTY	0.3	-0.34	0.63	-0.82	-0.34		-0.05	0.26	0.91	0.85	HTY
RSF	0.79	0.63	-0.44	-0.02	0.83	-0.05		0.84	-0.2	-0.15	RSF
DMO	0.73	0.53	-0.27	-0.18	0.64	0.26	0.84		0.13	0.15	DMO
JSD	0.05	-0.53	0.69	-0.77	-0.49	0.91	-0.2	0.13		0.79	JSD
EDI	0.13	-0.26	0.6	-0.7	-0.31	0.85	-0.15	0.15	0.79		EDI
	HIE	HYI	NBW	BWG	VGI	HTY	RSF	DMO	JSD	EDI

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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

JSD	+ 0.91	HTY
EDI	+ 0.85	HTY
DMO	+ 0.84	RSF
RSF	+ 0.83	VGI
RSF	+ 0.79	HIE
EDI	+ 0.79	JSD

High negative correlations

HTY	- 0.82	BWG
JSD	- 0.77	BWG
EDI	- 0.7	BWG
NBW	- 0.63	HYI
BWG	- 0.55	NBW
JSD	- 0.53	HYI

Risk-Adjusted Indicators

There is a big difference between Lmp Fund performing well and Lmp Capital 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 Lmp Capital'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
HIE	0.42	0.10	(0.03)	3.34	0.37	(0.49)	1.07	(0.73)	3.07
HYI	0.44	0.01	(0.16)	0.26	0.50	(0.51)	1.18	(0.99)	2.55
NBW	0.41	0.01	(0.19)	(0.54)	0.50	(0.44)	0.74	(0.91)	2.53
BWG	0.44	(0.01)	(0.16)	0.03	0.62	(0.49)	0.85	(1.04)	3.58
VGI	0.37	0.05	(0.16)	1.25	0.24	(0.46)	1.02	(0.63)	2.06
HTY	0.61	0.04	(0.10)	(0.43)	0.68	(0.74)	1.37	(1.35)	3.51
RSF	0.29	0.04	(0.17)	0.46	0.28	(0.33)	0.61	(0.72)	1.71
DMO	0.40	0.02	(0.17)	0.47	0.47	(0.41)	0.77	(0.84)	2.52
JSD	0.38	(0.02)	(0.25)	(0.13)	0.47	(0.45)	0.71	(0.95)	2.02
EDI	1.37	0.04	(0.05)	(0.34)	1.76	(1.46)	2.66	(3.35)	7.84

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