Ladenburg Growth Correlations

Mutual Funds . USA . 
Fund . Ladenburg Growth Income
LOWCX Fund  USD 13.96  0.01  0.07%   
The current 90-days correlation between Ladenburg Growth Income and Ladenburg Growth is 0.99 (i.e., No risk reduction). The correlation of Ladenburg Growth 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.

Ladenburg Growth Correlation With Market

Good diversification

The correlation between Ladenburg Growth Income and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Growth Income 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 Ladenburg Growth Income. 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 Ladenburg Mutual Fund

  1.0LGWAX Ladenburg GrowthPairCorr
  1.0LGWCX Ladenburg GrowthPairCorr
  1.0LGWIX Ladenburg GrowthPairCorr
  0.98LNCAX Ladenburg Income FunPairCorr
  0.98LNCCX Ladenburg Income FunPairCorr
  0.98LNCIX Ladenburg Income FunPairCorr
  1.0LNOCX Ladenburg Income GrowthPairCorr
  1.0LNOAX Ladenburg Income GrowthPairCorr
  1.0LNOIX Ladenburg Income GrowthPairCorr
  1.0LOWAX Ladenburg Growth IncomePairCorr
  1.0LOWIX Ladenburg Growth IncomePairCorr
  0.66LAGIX Ladenburg AggressivePairCorr
  1.0LAWCX Ladenburg AggressivePairCorr
  1.0LAWAX Ladenburg AggressivePairCorr
  0.72FBONX American Funds AmericanPairCorr
  0.72FBAFX American Funds AmericanPairCorr
  0.66ABALX American BalancedPairCorr
  0.65BALCX American BalancedPairCorr
  0.72BALFX American BalancedPairCorr
  0.65RLBCX American BalancedPairCorr
  0.72RLBBX American BalancedPairCorr
  0.65CLBAX American BalancedPairCorr
  0.72CLBEX American BalancedPairCorr
  0.64RLBFX American BalancedPairCorr
  0.67PDI Pimco Dynamic IncomePairCorr
  0.98QASOX Q3 All SeasonPairCorr
  0.67HFMCX Hartford MidcapPairCorr
  0.7JGECX Jhancock Global EquityPairCorr
  0.97FGSCX Federated Mdt MidPairCorr
  0.64AVGYX Dynamic Total ReturnPairCorr

Moving against Ladenburg Mutual Fund

  0.75UIPIX Ultrashort Mid CapPairCorr
  0.74USPSX Profunds UltrashortPairCorr
  0.68USPIX Profunds UltrashortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Growth 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 Ladenburg Growth'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
LGWAX  0.54  0.19  0.06 (1.83) 0.43 
(0.66)
 1.65 
(1.01)
 4.29 
LGWCX  0.54  0.19  0.06 (1.76) 0.45 
(0.65)
 1.66 
(1.03)
 4.27 
LGWIX  0.53  0.19  0.06 (1.95) 0.43 
(0.63)
 1.63 
(1.01)
 4.19 
LNCAX  0.24  0.07 (0.16)(3.04) 0.15 
(0.29)
 0.57 
(0.46)
 1.83 
LNCCX  0.24  0.06 (0.20)(1.88) 0.20 
(0.28)
 0.58 
(0.47)
 1.84 
LNCIX  0.24  0.07 (0.17)(2.46) 0.16 
(0.29)
 0.58 
(0.47)
 1.84 
LNOCX  0.31  0.11 (0.07)(2.22) 0.20 
(0.35)
 1.02 
(0.57)
 2.38 
LNOAX  0.31  0.11 (0.06)(2.49) 0.18 
(0.37)
 1.08 
(0.60)
 2.20 
LNOIX  0.31  0.11 (0.06)(1.89) 0.16 
(0.37)
 1.04 
(0.60)
 2.34 
LOWAX  0.43  0.15  0.01 (2.41) 0.30 
(0.53)
 1.37 
(0.85)
 3.34 

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