Locorr Long/short Correlations

Mutual Funds . USA . 
Fund . Locorr Longshort Modities
LCSIX Fund  USD 8.95  0.03  0.34%   
The current 90-days correlation between Locorr Longshort Modities and Locorr Hedged Core is 0.74 (i.e., Poor diversification). The correlation of Locorr Long/short 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.

Locorr Long/short Correlation With Market

Very good diversification

The correlation between Locorr Longshort Modities and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Longshort Modities 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 Locorr Longshort Modities. 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 Locorr Mutual Fund

  0.95LHEAX Locorr Hedged CorePairCorr
  0.95LHEIX Locorr Hedged CorePairCorr
  0.61LOTAX Locorr Market TrendPairCorr
  0.62LOTIX Locorr Market TrendPairCorr
  0.71LSPCX Locorr Spectrum IncomePairCorr
  0.73LSPAX Locorr Spectrum IncomePairCorr
  0.72LSPIX Locorr Spectrum IncomePairCorr
  1.0LCSAX Locorr Longshort ModitiesPairCorr
  1.0LCSCX Locorr Longshort ModitiesPairCorr
  0.61LEQCX Locorr Dynamic EquityPairCorr
  0.61LEQAX Locorr Dynamic EquityPairCorr
  0.61LEQIX Locorr Dynamic EquityPairCorr
  0.64LFMAX Locorr Macro StrategiesPairCorr
  0.74AHLPX American Beacon AhlPairCorr
  0.85RYMEX Commodities StrategyPairCorr
  0.85RYMJX Commodities StrategyPairCorr
  0.85RYMBX Commodities StrategyPairCorr
  0.79KF Korea ClosedPairCorr
  0.76VFFIX Victory IncorePairCorr
  0.82PINFX Invesco Multi AssetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Long/short 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 Locorr Long/short'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
LHEAX  0.22  0.04 (0.28)(0.31) 0.19 
(0.27)
 0.43 
(0.42)
 1.59 
LOTIX  0.31  0.03 (0.26)(0.47) 0.32 
(0.35)
 0.50 
(0.49)
 1.88 
LSPCX  0.44  0.05 (0.04) 0.29  0.46 
(0.59)
 0.96 
(0.75)
 3.60 
LSPAX  0.45  0.06 (0.04) 0.32  0.44 
(0.60)
 0.96 
(0.76)
 3.48 
LSPIX  0.44  0.06 (0.04) 0.34  0.42 
(0.57)
 0.96 
(0.77)
 3.28 
LCSAX  0.32  0.05 (0.21)(0.21) 0.36 
(0.36)
 0.58 
(0.69)
 2.25 
LCSCX  0.31  0.04 (0.19)(0.18) 0.39 
(0.34)
 0.60 
(0.72)
 2.27 
LEQCX  0.44  0.10  0.06  0.38  0.00 
(0.55)
 1.03 
(0.71)
 2.76 
LEQAX  0.44  0.11  0.07  0.39  0.00 
(0.53)
 1.03 
(0.73)
 2.73 
LFMCX  0.19  0.03 (0.41)(0.57) 0.00 
(0.27)
 0.43 
(0.28)
 0.99 

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