Locorr Spectrum Correlations

LSPAX Fund

USD 5.43 0.02 0.37%

The current 90-days correlation between Locorr Spectrum Income and Locorr Hedged Core is 0.17 (i.e., Average diversification). The correlation of Locorr Spectrum 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.

Locorr Spectrum Correlation With Market

Good diversification

The correlation between Locorr Spectrum Income and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Spectrum 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 Locorr Spectrum 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 nation.

Moving together with Locorr Mutual Fund

0.8	LHEAX	Locorr Hedged Core	Pair Corr
0.81	LHEIX	Locorr Hedged Core	Pair Corr
0.96	LSPCX	Locorr Spectrum Income	Pair Corr
0.7	LCSAX	Locorr Longshort Modities	Pair Corr
0.67	LCSCX	Locorr Longshort Modities	Pair Corr
0.71	LCSIX	Locorr Longshort Modities	Pair Corr
0.91	LEQCX	Locorr Dynamic Equity	Pair Corr
0.91	LEQAX	Locorr Dynamic Equity	Pair Corr
0.78	LFMAX	Locorr Macro Strategies	Pair Corr
0.61	MUTHX	Franklin Mutual Shares	Pair Corr
0.88	PDI	Pimco Dynamic Income	Pair Corr
0.92	MIFIX	Miller Intermediate Bond	Pair Corr

Moving against Locorr Mutual Fund

0.9	USPSX	Profunds Ultrashort	Pair Corr
0.9	USPIX	Profunds Ultrashort	Pair Corr
0.88	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LCSAX	LCSCX	LCSIX
LHEAX		1.0	0.56	0.65	0.62	0.78	0.8	0.89	0.88	0.89	LHEAX
LHEIX	1.0		0.57	0.66	0.63	0.79	0.81	0.89	0.88	0.89	LHEIX
LOTCX	0.56	0.57		0.85	0.99	0.39	0.4	0.57	0.57	0.58	LOTCX
LOTAX	0.65	0.66	0.85		0.86	0.41	0.43	0.6	0.59	0.6	LOTAX
LOTIX	0.62	0.63	0.99	0.86		0.47	0.47	0.62	0.61	0.62	LOTIX
LSPCX	0.78	0.79	0.39	0.41	0.47		0.96	0.71	0.68	0.72	LSPCX
LSPAX	0.8	0.81	0.4	0.43	0.47	0.96		0.7	0.67	0.71	LSPAX
LCSAX	0.89	0.89	0.57	0.6	0.62	0.71	0.7		1.0	1.0	LCSAX
LCSCX	0.88	0.88	0.57	0.59	0.61	0.68	0.67	1.0		1.0	LCSCX
LCSIX	0.89	0.89	0.58	0.6	0.62	0.72	0.71	1.0	1.0		LCSIX
	LHEAX	LHEIX	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LCSAX	LCSCX	LCSIX

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Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Spectrum 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 Locorr Spectrum'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LHEAX	0.22	0.04	(0.29)	(0.36)	0.19	(0.27)	0.43	(0.42)	1.59
LHEIX	0.22	0.03	(0.29)	(0.49)	0.20	(0.26)	0.43	(0.42)	1.48
LOTCX	0.31	0.02	(0.26)	8.41	0.33	(0.34)	0.53	(0.53)	1.90
LOTAX	0.30	0.01	(0.30)	(0.13)	0.35	(0.32)	0.50	(0.50)	1.88
LOTIX	0.31	0.02	(0.26)	6.98	0.32	(0.35)	0.50	(0.49)	1.88
LSPCX	0.46	0.13	(0.02)	(0.97)	0.44	(0.63)	1.12	(0.75)	3.60
LSPAX	0.49	0.15	0.02	(1.45)	0.41	(0.66)	1.18	(0.76)	3.76
LCSAX	0.31	0.02	(0.22)	0.44	0.37	(0.35)	0.58	(0.69)	2.25
LCSCX	0.31	0.01	(0.20)	0.35	0.39	(0.33)	0.60	(0.72)	2.27
LCSIX	0.31	0.02	(0.21)	0.49	0.36	(0.35)	0.67	(0.68)	2.12

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