Locorr Market Correlations

Mutual Funds . USA . 
Fund . Locorr Market Trend
LOTIX Fund  USD 10.39  0.01  0.1%   
The current 90-days correlation between Locorr Market Trend and Locorr Hedged Core is -0.16 (i.e., Good diversification). The correlation of Locorr Market 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 Market Correlation With Market

Good diversification

The correlation between Locorr Market Trend and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Market Trend 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 Market Trend. 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 Locorr Mutual Fund

  0.64LHEAX Locorr Hedged CorePairCorr
  0.65LHEIX Locorr Hedged CorePairCorr
  1.0LOTCX Locorr Market TrendPairCorr
  0.87LOTAX Locorr Market TrendPairCorr
  0.61LCSCX Locorr Longshort ModitiesPairCorr
  0.62LCSIX Locorr Longshort ModitiesPairCorr
  0.74LFMCX Locorr Macro StrategiesPairCorr
  0.76LFMAX Locorr Macro StrategiesPairCorr
  0.76LFMIX Locorr Macro StrategiesPairCorr
  0.61PQTAX Pimco Trends ManagedPairCorr
  0.71PQTNX Pimco Trends ManagedPairCorr
  0.86AHLPX American Beacon AhlPairCorr
  0.62TTEEX T Rowe PricePairCorr
  0.61TREMX T Rowe PricePairCorr
  0.68BTFRX Bts Tactical FixedPairCorr

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 Market 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 Market'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 (0.30) 0.87  0.19 
(0.27)
 0.43 
(0.42)
 1.59 
LHEIX  0.22  0.03 (0.30) 1.08  0.19 
(0.26)
 0.43 
(0.42)
 1.48 
LOTCX  0.32  0.04 (0.24)(0.47) 0.31 
(0.36)
 0.53 
(0.53)
 1.90 
LOTAX  0.30  0.02 (0.27) 13.87  0.32 
(0.34)
 0.59 
(0.50)
 1.88 
LOTIX  0.32  0.04 (0.25)(0.68) 0.30 
(0.37)
 0.59 
(0.49)
 1.88 
LSPCX  0.44  0.11 (0.05)(0.92) 0.46 
(0.59)
 0.96 
(0.75)
 3.60 
LSPAX  0.45  0.12 (0.04)(1.00) 0.44 
(0.60)
 0.96 
(0.76)
 3.48 
LSPIX  0.44  0.04 (0.08) 0.27  0.46 
(0.57)
 0.96 
(0.77)
 3.28 
LCSAX  0.32  0.02 (0.22) 0.49  0.36 
(0.36)
 0.58 
(0.69)
 2.25 
LCSCX  0.31  0.05 (0.20)(0.19) 0.39 
(0.34)
 0.60 
(0.72)
 2.27 

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