Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTRX Fund  USD 11.06  0.01  0.09%   
The current 90-days correlation between Leader Total Return and Leader Total Return is 0.22 (i.e., Modest 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

Average diversification

The correlation between Leader Total Return and DJI is 0.13 (i.e., Average 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 metropolitan statistical area.

Moving together with Leader Mutual Fund

  0.65LCATX Leader Total ReturnPairCorr
  0.99LCCMX Leader Short TermPairCorr
  0.98LCCIX Leader Short TermPairCorr
  1.0LCTIX Leader Total ReturnPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.74VTISX Vanguard Total InterPairCorr
  0.74VTSNX Vanguard Total InterPairCorr
  0.74VTPSX Vanguard Total InterPairCorr
  0.95VINIX Vanguard InstitutionalPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.76MCFCX Miller Vertible BondPairCorr
  0.91HCINX Institutional InternationalPairCorr
  0.71LTTKX Mfs Lifetime 2025PairCorr
  0.76LIRIX Blackrock Lifepath IdxPairCorr
  0.95OANEX Oakmark InternationalPairCorr
  0.78JCLGX Multimanager LifestylePairCorr
  0.95PZHEX T Rowe PricePairCorr
  0.75HMVFX Hartford MidcapPairCorr
  0.71JANEX Janus EnterprisePairCorr
  0.77FTCCX Franklin ConservativePairCorr
  0.94TNMRX 1290 Multi AlternativePairCorr
  0.74AMHYX Invesco High YieldPairCorr
  0.76BAFQX Brown AdvisoryPairCorr
  0.7CLREX Columbia BalancedPairCorr
  0.61BGY 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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