Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Global
LSGNX Fund  USD 15.25  0.01  0.07%   
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

Significant diversification

The correlation between Loomis Sayles Global and DJI is 0.04 (i.e., Significant 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 board of governors.

Moving together with Loomis Mutual Fund

  0.81LIPNX Loomis Sayles InflationPairCorr
  0.81LIPRX Loomis Sayles InflationPairCorr
  0.88LSBDX Loomis Sayles BondPairCorr
  0.87LSBNX Loomis Sayles BondPairCorr
  0.88LSBRX Loomis Sayles BondPairCorr
  0.86LSFIX Loomis Sayles FixedPairCorr
  0.95LSGBX Loomis Sayles GlobalPairCorr
  0.75LSHIX Loomis Sayles InstitPairCorr
  0.94LSGLX Loomis Sayles GlobalPairCorr
  0.84LSGSX Loomis Sayles InflationPairCorr
  0.89LSIGX Loomis Sayles InvestmentPairCorr
  0.77LSIOX Loomis Sayles HighPairCorr
  0.65LSMIX Loomis Sayles SmallmidPairCorr
  0.65LSMNX Loomis Sayles SmallmidPairCorr
  0.83LSSAX Loomis Sayles SecuritizedPairCorr
  0.62LSSIX Loomis Sayles SmallPairCorr
  0.63LSSNX Loomis Sayles SmallPairCorr
  0.87LBFAX Loomis Sayles BondPairCorr
  0.62LCGRX Loomis Sayles SmallPairCorr
  0.85FGBRX Templeton Global BondPairCorr
  0.85FBNRX Templeton Global BondPairCorr
  0.94RCWBX Capital World BondPairCorr
  0.95CCWFX Capital World BondPairCorr
  0.94CCWCX Capital World BondPairCorr
  0.95RCWEX Capital World BondPairCorr
  0.94CCWEX Capital World BondPairCorr
  0.94RCWCX Capital World BondPairCorr
  0.95RCWGX Capital World BondPairCorr
  0.95RCWFX Capital World BondPairCorr
  0.71CPAYX Columbia Pacific/asiaPairCorr
  0.75CASAX Columbia Pacific/asiaPairCorr
  0.68CCCZX Center St BrookfieldPairCorr
  0.75CASCX Columbia PacificasiaPairCorr
  0.66MSKLX Mid Cap GrowthPairCorr
  0.65CISGX Touchstone Sands CapitalPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LIPNX  0.22  0.02 (0.31) 0.98  0.23 
(0.23)
 0.42 
(0.52)
 1.26 
LIPRX  0.21  0.02 (0.33) 0.61  0.22 
(0.22)
 0.42 
(0.53)
 1.16 
LSBDX  0.17  0.06 (0.31)(2.83) 0.00 
(0.21)
 0.42 
(0.26)
 1.12 
LSBNX  0.17  0.05 (0.35) 0.99  0.00 
(0.21)
 0.34 
(0.26)
 0.86 
LSBRX  0.17  0.06 (0.31)(3.23) 0.00 
(0.22)
 0.34 
(0.26)
 1.13 
LSCNX  0.85  0.08  0.08  0.21  0.87 
(0.97)
 2.21 
(1.79)
 5.88 
LSCRX  0.85  0.08  0.07  0.21  0.86 
(0.97)
 2.19 
(1.82)
 5.98 
LSFIX  0.16  0.04 (0.34) 0.86  0.00 
(0.20)
 0.34 
(0.25)
 0.85 
LSGBX  0.28  0.02 (0.33)(0.72) 0.26 
(0.33)
 0.66 
(0.46)
 1.67 
LSHIX  0.20  0.10 (0.15)(1.27) 0.00 
(0.32)
 0.71 
(0.35)
 1.28 

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