Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles E
NERNX Fund  USD 11.57  0.02  0.17%   
The current 90-days correlation between Loomis Sayles E and Qs Moderate Growth is 0.28 (i.e., Modest 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

Modest diversification

The correlation between Loomis Sayles E and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles E 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 E. 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

  0.69NOANX Natixis OakmarkPairCorr
  0.67NOIAX Natixis Oakmark IntePairCorr
  0.66NOICX Natixis Oakmark IntePairCorr
  0.74GCPAX Gateway Equity CallPairCorr
  0.75GCPCX Gateway Equity CallPairCorr
  0.76GCPNX Gateway Equity CallPairCorr
  0.68NOIYX Natixis Oakmark IntlPairCorr
  0.75GCPYX Gateway Equity CallPairCorr
  0.95LGANX Loomis Sayles LimitedPairCorr
  0.99LGBCX Loomis Sayles InvestmentPairCorr
  0.98LGBNX Loomis Sayles InvestmentPairCorr
  0.69LGMAX Loomis Sayles GlobalPairCorr
  0.67LGMCX Loomis Sayles GlobalPairCorr
  0.69LGMNX Loomis Sayles GlobalPairCorr
  0.69LGRCX Loomis Sayles GrowthPairCorr
  0.69LGRNX Loomis Sayles GrowthPairCorr
  0.69LGRRX Loomis Sayles GrowthPairCorr
  0.75VNSYX Vaughan Nelson SelectPairCorr
  0.75VNSCX Vaughan Nelson SelectPairCorr
  0.74VNSAX Vaughan Nelson SelectPairCorr
  0.74VNSNX Vaughan Nelson SelectPairCorr
  0.66VNVCX Vaughan Nelson ValuePairCorr
  0.66VNVAX Vaughan Nelson ValuePairCorr
  0.66VNVNX Vaughan Nelson ValuePairCorr
  0.69VNVYX Vaughan Nelson ValuePairCorr
  0.98LIGAX Loomis Sayles InvestmentPairCorr
  0.93LIGRX Loomis Sayles InvestmentPairCorr
  0.63NRFNX Aew Real EstatePairCorr
  0.63NRFYX Aew Real EstatePairCorr
  0.68NSFLX Natixis SustainablePairCorr
  0.68NSFKX Natixis SustainablePairCorr
  0.7NSFJX Natixis SustainablePairCorr

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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