Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Bond
LBFAX Fund  USD 11.92  0.02  0.17%   
The current 90-days correlation between Loomis Sayles Bond and Metropolitan West Total is 0.02 (i.e., Significant 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

Modest diversification

The correlation between Loomis Sayles Bond and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Bond 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 Bond. 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 nation.

Moving together with Loomis Mutual Fund

  0.87LIPNX Loomis Sayles InflationPairCorr
  0.83LIPRX Loomis Sayles InflationPairCorr
  0.98LSBDX Loomis Sayles BondPairCorr
  0.98LSBNX Loomis Sayles BondPairCorr
  0.98LSBRX Loomis Sayles BondPairCorr
  0.84LSCNX Loomis Sayles SmallPairCorr
  0.84LSCRX Loomis Sayles SmallPairCorr
  1.0LSFIX Loomis Sayles FixedPairCorr
  0.88LSGBX Loomis Sayles GlobalPairCorr
  0.94LSHIX Loomis Sayles InstitPairCorr
  0.86LSGNX Loomis Sayles GlobalPairCorr
  0.87LSGLX Loomis Sayles GlobalPairCorr
  0.87LSGSX Loomis Sayles InflationPairCorr
  0.95LSIGX Loomis Sayles InvestmentPairCorr
  0.88LSMIX Loomis Sayles SmallmidPairCorr
  0.87LSMNX Loomis Sayles SmallmidPairCorr
  0.69LSSAX Loomis Sayles SecuritizedPairCorr
  0.83LSSCX Loomis Sayles SmallPairCorr
  0.86LSSIX Loomis Sayles SmallPairCorr
  0.87LSSNX Loomis Sayles SmallPairCorr
  0.84LSVAX Loomis Sayles SmallPairCorr
  0.86LCGRX Loomis Sayles SmallPairCorr
  0.94PONAX Pimco IncomePairCorr
  0.94PONCX Pimco IncomePairCorr
  0.95PIPNX Pimco IncomePairCorr
  0.97PONRX Pimco IncomePairCorr
  0.97PONPX Pimco Incme FundPairCorr
  0.97PIINX Pimco IncomePairCorr
  0.95PIMIX Pimco IncomePairCorr
  0.96LBNDX Lord Abbett BondPairCorr
  0.96FSTAX Fidelity Advisor StrPairCorr
  0.98FSRIX Fidelity Advisor StrPairCorr
  0.87PDI Pimco Dynamic IncomePairCorr

Moving against Loomis Mutual Fund

  0.86USPSX Profunds UltrashortPairCorr
  0.86USPIX Profunds UltrashortPairCorr
  0.83UIPIX Ultrashort Mid CapPairCorr
  0.78TCSUX Cleartrack 2020 ClassPairCorr
  0.76TCTGX Transamerica CleartrackPairCorr
  0.75TDKTX Cleartrack 2015 ClassPairCorr
  0.75TCTJX Transamerica CleartrackPairCorr

Related Correlations Analysis

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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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