Locorr Spectrum Correlations

Mutual Funds . USA . 
Fund . Locorr Spectrum Income
LSPCX Fund  USD 5.55  0.01  0.18%   
The current 90-days correlation between Locorr Spectrum Income and Rbc Ultra Short Fixed is -0.14 (i.e., Good 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

Poor diversification

The correlation between Locorr Spectrum Income and DJI is 0.79 (i.e., Poor 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 main economic indicators.

Moving together with Locorr Mutual Fund

  0.8LHEAX Locorr Hedged CorePairCorr
  0.81LHEIX Locorr Hedged CorePairCorr
  1.0LSPAX Locorr Spectrum IncomePairCorr
  1.0LSPIX Locorr Spectrum IncomePairCorr
  0.72LCSAX Locorr Longshort ModitiesPairCorr
  0.7LCSCX Locorr Longshort ModitiesPairCorr
  0.73LCSIX Locorr Longshort ModitiesPairCorr
  0.92LEQCX Locorr Dynamic EquityPairCorr
  0.92LEQAX Locorr Dynamic EquityPairCorr
  0.92LEQIX Locorr Dynamic EquityPairCorr
  0.79LFMAX Locorr Macro StrategiesPairCorr
  0.8LFMIX Locorr Macro StrategiesPairCorr
  0.94CGRGX American Funds GrowthPairCorr
  0.94FPGGX American Funds GrowthPairCorr
  0.94FGPGX American Funds GrowthPairCorr
  0.95MUTHX Franklin Mutual SharesPairCorr
  0.95TESRX Franklin Mutual SharesPairCorr
  0.95FMSHX Franklin Mutual SharesPairCorr
  0.94GWPCX American Funds GrowthPairCorr
  0.94GWPFX American Funds GrowthPairCorr
  0.94GWPAX American Funds GrowthPairCorr
  0.94CGQGX American Funds GrowthPairCorr
  0.76MGGYX Mirova Global GreenPairCorr
  0.93HLDIX Hartford EmergingPairCorr
  0.92HLDRX Hartford EmergingPairCorr
  0.92HLDAX Hartford EmergingPairCorr
  0.93HLDCX Hartford EmergingPairCorr
  0.93HLDTX Hartford EmergingPairCorr
  0.93FTZIX Fuller Thaler BehavioralPairCorr
  0.94GAAEX Guinness AtkinsonPairCorr
  0.92XEDDX Morgan Stanley EmergingPairCorr
  0.85NWJUX Nationwide Highmark ShortPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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