Leland Thomson Correlations

Mutual Funds . USA . 
Fund . Leland Thomson Reuters
LDVCX Fund  USD 27.19  0.10  0.37%   
The current 90-days correlation between Leland Thomson Reuters and Dunham High Yield is 0.65 (i.e., Poor diversification). The correlation of Leland Thomson 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.

Leland Thomson Correlation With Market

Poor diversification

The correlation between Leland Thomson Reuters and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leland Thomson Reuters 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 Leland Thomson Reuters. 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 Leland Mutual Fund

  1.0LDVAX Leland Thomson ReutersPairCorr
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  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
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  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
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  0.99RGAEX Growth FundPairCorr
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  0.98HDPMX Hodges Fund RetailPairCorr
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  0.98TRZKX T Rowe PricePairCorr
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  0.9NML Neuberger Berman MlpPairCorr
  0.7ADOCX Alger Dynamic OpportPairCorr
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  0.97MENIX Madison FundsPairCorr
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  0.72NRILX Neuberger Berman IntlPairCorr
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  0.97GGFSX Gabelli Global FinancialPairCorr
  0.98CBLRX Columbia BalancedPairCorr
  0.65VSRDX Valic Company IPairCorr
  0.66TNBAX 1290 Smartbeta EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Leland Mutual Fund performing well and Leland Thomson 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 Leland Thomson'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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