Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTIX Fund  USD 11.09  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Invesco Diversified Dividend is 0.08 (i.e., Significant diversification). The correlation of Leader Total 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.

Leader Total Correlation With Market

Significant diversification

The correlation between Leader Total Return and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leader Total Return 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 Leader Total Return. 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 Leader Mutual Fund

  0.66LCATX Leader Total ReturnPairCorr
  0.98LCCMX Leader Short TermPairCorr
  0.99LCCIX Leader Short TermPairCorr
  1.0LCTRX Leader Total ReturnPairCorr
  0.63MWTNX Metropolitan West TotalPairCorr
  0.64MWTSX Metropolitan West TotalPairCorr
  0.7PTTPX Pimco Total ReturnPairCorr
  0.67PTRRX Total ReturnPairCorr
  0.68PTRAX Total ReturnPairCorr
  0.71PTTRX Total ReturnPairCorr
  0.73FIWGX Strategic AdvisersPairCorr
  0.71DODIX Dodge IncomePairCorr
  0.65MWTIX Metropolitan West TotalPairCorr
  0.64MWTRX Metropolitan West TotalPairCorr
  0.94VSTSX Vanguard Total StockPairCorr
  0.94VSMPX Vanguard Total StockPairCorr
  0.94VITSX Vanguard Total StockPairCorr
  0.94VFFSX Vanguard 500 IndexPairCorr
  0.94VFIAX Vanguard 500 IndexPairCorr
  0.94VTISX Vanguard Total InterPairCorr
  0.94VTSNX Vanguard Total InterPairCorr
  0.94VTPSX Vanguard Total InterPairCorr
  0.94VINIX Vanguard InstitutionalPairCorr
  0.94VTSAX Vanguard Total StockPairCorr
  0.92MCFCX Miller Vertible BondPairCorr
  0.9HCINX Institutional InternationalPairCorr
  0.94LTTKX Mfs Lifetime 2025PairCorr
  0.94LIRIX Blackrock Lifepath IdxPairCorr
  0.94OANEX Oakmark InternationalPairCorr
  0.94JCLGX Multimanager LifestylePairCorr
  0.94PZHEX T Rowe PricePairCorr
  0.91HMVFX Hartford MidcapPairCorr
  0.92JANEX Janus EnterprisePairCorr
  0.94FTCCX Franklin ConservativePairCorr
  0.94TNMRX 1290 Multi AlternativePairCorr
  0.97AMHYX Invesco High YieldPairCorr
  0.93BAFQX Brown AdvisoryPairCorr
  0.95CLREX Columbia BalancedPairCorr
  0.77BGY Blackrock InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Leader Mutual Fund performing well and Leader Total 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 Leader Total'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.

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