Locorr Dynamic Correlations

Mutual Funds . USA . 
Fund . Locorr Dynamic Equity
LEQAX Fund  USD 12.84  0.01  0.08%   
The current 90-days correlation between Locorr Dynamic Equity and Locorr Hedged Core is -0.11 (i.e., Good diversification). The correlation of Locorr Dynamic 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 Dynamic Correlation With Market

Good diversification

The correlation between Locorr Dynamic Equity and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Dynamic Equity 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 Dynamic Equity. 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 Locorr Mutual Fund

  0.74LHEAX Locorr Hedged CorePairCorr
  0.75LHEIX Locorr Hedged CorePairCorr
  0.93LSPCX Locorr Spectrum IncomePairCorr
  0.94LSPAX Locorr Spectrum IncomePairCorr
  0.94LSPIX Locorr Spectrum IncomePairCorr
  0.61LCSAX Locorr Longshort ModitiesPairCorr
  1.0LEQCX Locorr Dynamic EquityPairCorr
  0.98LEQIX Locorr Dynamic EquityPairCorr
  0.73LFMCX Locorr Macro StrategiesPairCorr
  0.79LFMAX Locorr Macro StrategiesPairCorr
  0.8LFMIX Locorr Macro StrategiesPairCorr
  0.89NLSCX Neuberger Berman LongPairCorr
  0.9NLSAX Neuberger Berman LongPairCorr
  0.9NLSIX Neuberger Berman LongPairCorr
  0.87QLERX Aqr Long ShortPairCorr
  0.97DHLSX Diamond Hill LongPairCorr
  0.97DIAYX Diamond Hill LongPairCorr
  0.97DIAMX Diamond Hill LongPairCorr
  0.97ASLAX Ab Select LongshortPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.97FHKFX Fidelity Series EmergingPairCorr
  0.97FBITX American Funds 2050PairCorr
  0.97RRTIX T Rowe PricePairCorr

Moving against Locorr Mutual Fund

  0.49PWLMX Pimco Rae WorldwidePairCorr
  0.47PWLIX Pimco Rae WorldwidePairCorr

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 Dynamic 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 Dynamic'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  0.02 (0.28) 0.89  0.19 
(0.27)
 0.43 
(0.42)
 1.59 
LHEIX  0.22  0.03 (0.29) 1.10  0.19 
(0.26)
 0.43 
(0.42)
 1.48 
LOTCX  0.30  0.03 (0.27)(0.28) 0.34 
(0.33)
 0.53 
(0.53)
 1.90 
LOTAX  0.30  0.00 (0.25) 0.00  0.32 
(0.34)
 0.59 
(0.50)
 1.88 
LOTIX  0.31  0.03 (0.26)(0.47) 0.32 
(0.35)
 0.50 
(0.49)
 1.88 
LSPCX  0.46  0.13 (0.02)(0.97) 0.44 
(0.63)
 1.12 
(0.75)
 3.60 
LSPAX  0.47  0.13 (0.02)(1.03) 0.43 
(0.62)
 0.97 
(0.76)
 3.48 
LSPIX  0.44  0.06 (0.04) 0.34  0.42 
(0.57)
 0.96 
(0.77)
 3.28 
LCSAX  0.31  0.02 (0.22) 0.44  0.37 
(0.35)
 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 

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