Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Global
LSGBX Fund  USD 15.35  0.07  0.46%   
The current 90-days correlation between Loomis Sayles Global and Loomis Sayles Inflation is 0.65 (i.e., Poor 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

Good diversification

The correlation between Loomis Sayles Global and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Global 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 Global. 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 bureau of labor statistics.

Moving together with LOOMIS Mutual Fund

  0.82LIPNX Loomis Sayles InflationPairCorr
  0.82LIPRX Loomis Sayles InflationPairCorr
  0.87LSBDX Loomis Sayles BondPairCorr
  0.85LSBNX Loomis Sayles BondPairCorr
  0.84LSBRX Loomis Sayles BondPairCorr
  0.87LSFIX Loomis Sayles FixedPairCorr
  0.71LSHIX Loomis Sayles InstitPairCorr
  0.94LSGNX Loomis Sayles GlobalPairCorr
  1.0LSGLX Loomis Sayles GlobalPairCorr
  0.82LSGSX Loomis Sayles InflationPairCorr
  0.89LSIGX Loomis Sayles InvestmentPairCorr
  0.72LSIOX Loomis Sayles HighPairCorr
  0.62LSMNX Loomis Sayles SmallmidPairCorr
  0.76LSSAX Loomis Sayles SecuritizedPairCorr
  0.85LBFAX Loomis Sayles BondPairCorr
  0.87FGBRX Templeton Global BondPairCorr
  0.87FBNRX Templeton Global BondPairCorr
  0.93RCWBX Capital World BondPairCorr
  1.0CCWFX Capital World BondPairCorr
  0.99CCWCX Capital World BondPairCorr
  1.0RCWEX Capital World BondPairCorr
  1.0CCWEX Capital World BondPairCorr
  1.0RCWCX Capital World BondPairCorr
  1.0RCWGX Capital World BondPairCorr
  1.0RCWFX Capital World BondPairCorr
  0.68CPAYX Columbia Pacific/asiaPairCorr
  0.7CASAX Columbia Pacific/asiaPairCorr
  0.78CCCZX Center St BrookfieldPairCorr
  0.73CASCX Columbia PacificasiaPairCorr
  0.64MSKLX Mid Cap GrowthPairCorr
  0.64CISGX Touchstone Sands CapitalPairCorr
  0.64MPEGX Mid Cap GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LIPNX  0.22  0.02 (0.40) 0.75  0.23 
(0.23)
 0.42 
(0.52)
 1.26 
LIPRX  0.21  0.02 (0.42) 0.54  0.22 
(0.22)
 0.42 
(0.53)
 1.16 
LSBDX  0.16  0.04 (0.51) 0.82  0.00 
(0.19)
 0.34 
(0.26)
 0.85 
LSBNX  0.17  0.06 (0.52)(4.92) 0.00 
(0.21)
 0.34 
(0.26)
 0.86 
LSBRX  0.16  0.05 (0.50)(9.26) 0.00 
(0.21)
 0.34 
(0.26)
 0.86 
LSCNX  0.85  0.06  0.06  0.23  0.85 
(0.97)
 2.21 
(1.79)
 5.88 
LSCRX  0.85  0.06  0.06  0.23  0.86 
(0.97)
 2.19 
(1.82)
 5.98 
LSFIX  0.16  0.04 (0.51) 0.67  0.00 
(0.20)
 0.34 
(0.25)
 0.85 
LSGBX  0.28  0.03 (0.41)(3.97) 0.25 
(0.33)
 0.66 
(0.46)
 1.67 
LSHIX  0.20  0.09 (0.31)(1.23) 0.00 
(0.30)
 0.55 
(0.35)
 1.24 

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