Ladenburg Aggressive Correlations

LAGIX Fund  USD 19.42  0.08  0.41%   
The current 90-days correlation between Ladenburg Aggressive and Barings High Yield is -0.02 (i.e., Good diversification). The correlation of Ladenburg Aggressive 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.

Ladenburg Aggressive Correlation With Market

Almost no diversification

The correlation between Ladenburg Aggressive Growth and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Aggressive Growth 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 Ladenburg Aggressive Growth. 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 Ladenburg Mutual Fund

  0.97LGWAX Ladenburg GrowthPairCorr
  0.98LGWCX Ladenburg GrowthPairCorr
  0.95LNCAX Ladenburg Income FunPairCorr
  0.95LNCCX Ladenburg Income FunPairCorr
  0.97LNOAX Ladenburg Income GrowthPairCorr
  0.98LNOIX Ladenburg Income GrowthPairCorr
  0.97LOWAX Ladenburg Growth IncomePairCorr
  0.98LOWCX Ladenburg Growth IncomePairCorr
  0.98LOWIX Ladenburg Growth IncomePairCorr
  0.98LAWCX Ladenburg AggressivePairCorr
  0.97LAWAX Ladenburg AggressivePairCorr
  1.0CGRGX American Funds GrowthPairCorr
  0.99MUTHX Franklin Mutual SharesPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  1.0GWPCX American Funds GrowthPairCorr
  1.0GWPFX American Funds GrowthPairCorr
  0.98GWPAX American Funds GrowthPairCorr
  1.0CGQGX American Funds GrowthPairCorr
  0.9FSMMX Fs Multi StrategyPairCorr
  0.94BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.64SPMPX Invesco Steelpath MlpPairCorr
  0.66MLPNX Oppenheimer Steelpath MlpPairCorr
  0.63MLPMX Oppenheimer Steelpath MlpPairCorr
  0.64SPMJX Invesco Steelpath MlpPairCorr
  0.97ECAMX Eaton Vance MultiPairCorr
  0.98GMHYX Mydestination 2035PairCorr
  0.86FRIFX Fidelity Real EstatePairCorr
  0.7BMRRX Blackrock Mid CapPairCorr
  0.97JHJIX John Hancock EsgPairCorr
  0.99ACP Aberdeen Income CreditPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Aggressive 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 Ladenburg Aggressive'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.