Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Smallmid
LSMNX Fund  USD 13.82  0.05  0.36%   
The current 90-days correlation between Loomis Sayles Smallmid and Ridgeworth Seix Government is -0.12 (i.e., Good 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 Smallmid and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Smallmid 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 Smallmid. 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

  0.62LIPNX Loomis Sayles InflationPairCorr
  0.9LSBDX Loomis Sayles BondPairCorr
  0.9LSBNX Loomis Sayles BondPairCorr
  0.89LSBRX Loomis Sayles BondPairCorr
  0.96LSCNX Loomis Sayles SmallPairCorr
  0.65LSCRX Loomis Sayles SmallPairCorr
  0.9LSFIX Loomis Sayles FixedPairCorr
  0.97LSHIX Loomis Sayles InstitPairCorr
  0.65LSGNX Loomis Sayles GlobalPairCorr
  0.66LSGSX Loomis Sayles InflationPairCorr
  0.83LSIGX Loomis Sayles InvestmentPairCorr
  0.97LSIOX Loomis Sayles HighPairCorr
  1.0LSMIX Loomis Sayles SmallmidPairCorr
  0.65LSSCX Loomis Sayles SmallPairCorr
  0.99LSSIX Loomis Sayles SmallPairCorr
  0.99LSSNX Loomis Sayles SmallPairCorr
  0.98LSVAX Loomis Sayles SmallPairCorr
  0.99LCGRX Loomis Sayles SmallPairCorr
  0.97PAMCX T Rowe PricePairCorr
  0.97RRMGX T Rowe PricePairCorr
  0.97TRQZX T Rowe PricePairCorr
  0.97RPMGX T Rowe PricePairCorr
  0.94PRJIX T Rowe PricePairCorr
  0.94PRNHX T Rowe PricePairCorr
  0.94TRUZX T Rowe PricePairCorr
  0.97PCBIX Midcap Fund InstitutionalPairCorr
  0.94PEMGX Midcap Fund ClassPairCorr
  0.94PMBCX Midcap Fund ClassPairCorr
  0.87FSMMX Fs Multi StrategyPairCorr
  0.94BTMPX Ishares Msci EafePairCorr
  0.94BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr
  0.65SPMPX Invesco Steelpath MlpPairCorr
  0.66MLPNX Oppenheimer Steelpath MlpPairCorr

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.

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