Loomis Sayles Correlations

NECZX Fund

USD 12.52 0.03 0.24%

The current 90-days correlation between Loomis Sayles Strategic and Morningstar Defensive Bond is 0.08 (i.e., Significant 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 Strategic and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Strategic 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 Strategic. 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 Loomis Mutual Fund

0.89	NOANX	Natixis Oakmark	Pair Corr
0.89	NOIAX	Natixis Oakmark Inte	Pair Corr
0.89	NOICX	Natixis Oakmark Inte	Pair Corr
0.94	GCPAX	Gateway Equity Call	Pair Corr
0.94	GCPCX	Gateway Equity Call	Pair Corr
0.94	GCPNX	Gateway Equity Call	Pair Corr
0.89	NOIYX	Natixis Oakmark Intl	Pair Corr
0.94	GCPYX	Gateway Equity Call	Pair Corr
0.67	LGANX	Loomis Sayles Limited	Pair Corr
0.7	LGBCX	Loomis Sayles Investment	Pair Corr
0.7	LGBNX	Loomis Sayles Investment	Pair Corr
0.9	LGRCX	Loomis Sayles Growth	Pair Corr
0.9	LGRNX	Loomis Sayles Growth	Pair Corr
0.9	LGRRX	Loomis Sayles Growth	Pair Corr
0.63	VNSCX	Vaughan Nelson Select	Pair Corr
0.63	VNSAX	Vaughan Nelson Select	Pair Corr
0.64	VNSNX	Vaughan Nelson Select	Pair Corr
0.72	LIGCX	Loomis Sayles Intern	Pair Corr
0.7	LIGAX	Loomis Sayles Investment	Pair Corr
0.69	LIGRX	Loomis Sayles Investment	Pair Corr

Related Correlations Analysis

	MSTBX	PRVBX	TPYYX	TWTCX	GHVIX
MSTBX		0.95	0.71	0.84	0.88	MSTBX
PRVBX	0.95		0.61	0.73	0.81	PRVBX
TPYYX	0.71	0.61		0.81	0.94	TPYYX
TWTCX	0.84	0.73	0.81		0.87	TWTCX
GHVIX	0.88	0.81	0.94	0.87		GHVIX
	MSTBX	PRVBX	TPYYX	TWTCX	GHVIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSTBX	0.10	0.01	(0.82)	1.34	0.00	(0.14)	0.21	(0.21)	0.41
PRVBX	0.09	0.02	(0.72)	0.83	0.00	(0.10)	0.20	(0.17)	0.63
TPYYX	0.68	0.15	0.11	0.38	0.41	(0.85)	1.93	(1.10)	3.81
TWTCX	0.11	0.00	(0.65)	0.17	0.02	(0.17)	0.28	(0.19)	0.77
GHVIX	0.18	0.05	(0.26)	0.45	0.00	(0.23)	0.48	(0.29)	1.35

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Loomis Sayles Correlations

Loomis Sayles Correlation With Market

Good diversification

Moving together with Loomis Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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