Ladenburg Growth Correlations

Mutual Funds . USA . 
Fund . Ladenburg Growth Income
LOWIX Fund  USD 14.57  0.01  0.07%   
The current 90-days correlation between Ladenburg Growth Income and Fidelity Advisor Technology is 0.83 (i.e., Very poor diversification). 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

Almost no diversification

The correlation between Ladenburg Growth Income and DJI is 0.92 (i.e., Almost no 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 gross domestic product.

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
  1.0LOWCX Ladenburg Growth IncomePairCorr
  1.0LAGIX Ladenburg AggressivePairCorr
  1.0LAWCX Ladenburg AggressivePairCorr
  1.0LAWAX Ladenburg AggressivePairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.99ABALX American BalancedPairCorr
  0.99BALCX American BalancedPairCorr
  0.99BALFX American BalancedPairCorr
  0.99RLBCX American BalancedPairCorr
  0.99RLBBX American BalancedPairCorr
  0.99CLBAX American BalancedPairCorr
  0.99CLBEX American BalancedPairCorr
  0.99RLBFX American BalancedPairCorr
  0.96PDI Pimco Dynamic IncomePairCorr
  0.94FTCAX Templeton Strained BondPairCorr
  0.87FCSPX Federated Porate BondPairCorr
  0.97QASOX Q3 All SeasonPairCorr
  0.97HFMCX Hartford MidcapPairCorr
  0.99JGECX Jhancock Global EquityPairCorr
  0.97FGSCX Federated Mdt MidPairCorr
  0.95AVGYX Dynamic Total ReturnPairCorr

Moving against Ladenburg Mutual Fund

  0.98USPSX Profunds UltrashortPairCorr
  0.98USPIX Profunds UltrashortPairCorr
  0.98UIPIX Ultrashort Mid CapPairCorr
  0.79TCTGX Transamerica CleartrackPairCorr
  0.79TCTJX Transamerica CleartrackPairCorr
  0.78TDKTX Cleartrack 2015 ClassPairCorr
  0.76TCSUX Cleartrack 2020 ClassPairCorr

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.

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