Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Investment
LIGAX Fund  USD 9.76  0.02  0.21%   
The current 90-days correlation between Loomis Sayles Investment and Financial Industries Fund is 0.27 (i.e., Modest diversification). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Weak diversification

The correlation between Loomis Sayles Investment and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Investment 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 Loomis Sayles Investment. 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 Loomis Mutual Fund

  0.78NOANX Natixis OakmarkPairCorr
  0.77NOIAX Natixis Oakmark IntePairCorr
  0.77NOICX Natixis Oakmark IntePairCorr
  0.83GCPAX Gateway Equity CallPairCorr
  0.84GCPCX Gateway Equity CallPairCorr
  0.84GCPNX Gateway Equity CallPairCorr
  0.79NOIYX Natixis Oakmark IntlPairCorr
  0.84GCPYX Gateway Equity CallPairCorr
  0.95LGANX Loomis Sayles LimitedPairCorr
  0.94LGBCX Loomis Sayles InvestmentPairCorr
  1.0LGBNX Loomis Sayles InvestmentPairCorr
  0.77LGMAX Loomis Sayles GlobalPairCorr
  0.79LGMCX Loomis Sayles GlobalPairCorr
  0.79LGMNX Loomis Sayles GlobalPairCorr
  0.79LGRCX Loomis Sayles GrowthPairCorr
  0.79LGRNX Loomis Sayles GrowthPairCorr
  0.79LGRRX Loomis Sayles GrowthPairCorr
  0.83VNSYX Vaughan Nelson SelectPairCorr
  0.82VNSCX Vaughan Nelson SelectPairCorr
  0.83VNSAX Vaughan Nelson SelectPairCorr
  0.82VNSNX Vaughan Nelson SelectPairCorr
  0.75VNVCX Vaughan Nelson ValuePairCorr
  0.75VNVAX Vaughan Nelson ValuePairCorr
  0.78VNVNX Vaughan Nelson ValuePairCorr
  0.78VNVYX Vaughan Nelson ValuePairCorr
  0.66LIGCX Loomis Sayles InternPairCorr
  0.67LIGGX Loomis Sayles InternPairCorr
  0.66LIGNX Loomis Sayles InternPairCorr
  1.0LIGRX Loomis Sayles InvestmentPairCorr
  0.66LIGYX Loomis Sayles InternPairCorr
  0.63NRCFX Aew Real EstatePairCorr
  0.74NRFAX Aew Real EstatePairCorr
  0.74NRFNX Aew Real EstatePairCorr
  0.74NRFYX Aew Real EstatePairCorr
  0.79NSFLX Natixis SustainablePairCorr
  0.8NSFKX Natixis SustainablePairCorr
  0.79NSFJX Natixis SustainablePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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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