Ladenburg Aggressive Correlations

Mutual Funds . USA . 
Fund . Ladenburg Aggressive Growth
LAWCX Fund  USD 18.73  0.01  0.05%   
The current 90-days correlation between Ladenburg Aggressive and Ladenburg Growth is -0.11 (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 0.92 (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 main economic indicators.

Moving together with Ladenburg Mutual Fund

  0.98LGWAX Ladenburg GrowthPairCorr
  0.98LGWCX Ladenburg GrowthPairCorr
  0.98LGWIX Ladenburg GrowthPairCorr
  0.96LNCAX Ladenburg Income FunPairCorr
  0.95LNCCX Ladenburg Income FunPairCorr
  0.97LNCIX Ladenburg Income FunPairCorr
  0.99LNOCX Ladenburg Income GrowthPairCorr
  0.98LNOAX Ladenburg Income GrowthPairCorr
  0.98LNOIX Ladenburg Income GrowthPairCorr
  0.98LOWAX Ladenburg Growth IncomePairCorr
  0.98LOWCX Ladenburg Growth IncomePairCorr
  0.98LOWIX Ladenburg Growth IncomePairCorr
  1.0LAGIX Ladenburg AggressivePairCorr
  0.98LAWAX Ladenburg AggressivePairCorr
  0.99CGRGX American Funds GrowthPairCorr
  0.99FPGGX American Funds GrowthPairCorr
  0.99FGPGX American Funds GrowthPairCorr
  0.99MUTHX Franklin Mutual SharesPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.99FMSHX Franklin Mutual SharesPairCorr
  1.0GWPCX American Funds GrowthPairCorr
  0.99GWPFX American Funds GrowthPairCorr
  0.98GWPAX American Funds GrowthPairCorr
  0.98CGQGX American Funds GrowthPairCorr
  0.9FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.68MLPNX Oppenheimer Steelpath MlpPairCorr
  0.66MLPMX Oppenheimer Steelpath MlpPairCorr
  0.66SPMJX Invesco Steelpath MlpPairCorr
  0.97ECAMX Eaton Vance MultiPairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.87FRIFX Fidelity Real EstatePairCorr
  0.94BMRRX Blackrock Mid CapPairCorr
  0.96FIRQX Fidelity Income ReplPairCorr
  0.99JHJIX John Hancock EsgPairCorr
  0.98ACP Aberdeen Income CreditPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LGWAX  0.54  0.19  0.06 (1.83) 0.43 
(0.66)
 1.65 
(1.01)
 4.29 
LGWIX  0.53  0.19  0.06 (1.95) 0.43 
(0.63)
 1.63 
(1.01)
 4.19 
LNCCX  0.24  0.06 (0.20)(1.88) 0.20 
(0.28)
 0.58 
(0.47)
 1.84 
LNCIX  0.24  0.03 (0.17) 0.26  0.16 
(0.29)
 0.58 
(0.47)
 1.84 
LNOCX  0.31  0.04 (0.06) 0.24  0.20 
(0.35)
 1.02 
(0.57)
 2.38 
LNOAX  0.31  0.11 (0.06)(2.49) 0.18 
(0.37)
 1.08 
(0.60)
 2.20 
LOWAX  0.43  0.15  0.01 (2.41) 0.30 
(0.53)
 1.37 
(0.85)
 3.34 
LOWCX  0.42  0.15  0.01 (2.06) 0.32 
(0.49)
 1.34 
(0.81)
 3.31 
LOWIX  0.42  0.15  0.01 (2.15) 0.31 
(0.49)
 1.36 
(0.84)
 3.32 
LAGIX  0.59  0.09  0.08  0.24  0.50 
(0.71)
 1.77 
(1.07)
 4.64 

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