Locorr Longshort Correlations

LCSCX Fund

USD 8.34 0.04 0.48%

The current 90-days correlation between Locorr Longshort Modities and Fidelity Large Cap is -0.16 (i.e., Good diversification). The correlation of Locorr Longshort 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 Longshort Correlation With Market

Good diversification

The correlation between Locorr Longshort Modities and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Longshort Modities 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 Longshort Modities. 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

0.63	PQTNX	Pimco Trends Managed	Pair Corr
0.74	AHLPX	American Beacon Ahl	Pair Corr
0.62	NHS	Neuberger Berman High	Pair Corr
0.74	MAUKX	Pioneer Multi Asset	Pair Corr
0.72	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Moving against Locorr Mutual Fund

0.73	MCD	McDonalds	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.42	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.33	HD	Home Depot	Pair Corr

Related Correlations Analysis

	FCLKX	LMTIX	LCIAX	AALIX	MTCGX	GMLVX
FCLKX		0.99	0.99	0.99	0.99	0.99	FCLKX
LMTIX	0.99		0.98	0.98	1.0	0.97	LMTIX
LCIAX	0.99	0.98		1.0	0.98	0.97	LCIAX
AALIX	0.99	0.98	1.0		0.98	0.98	AALIX
MTCGX	0.99	1.0	0.98	0.98		0.97	MTCGX
GMLVX	0.99	0.97	0.97	0.98	0.97		GMLVX
	FCLKX	LMTIX	LCIAX	AALIX	MTCGX	GMLVX

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Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Longshort 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 Longshort'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
FCLKX	0.57	0.20	0.27	0.48	0.00	(0.73)	2.04	(0.47)	4.14
LMTIX	0.58	0.10	0.12	0.34	0.00	(0.73)	1.82	(0.80)	4.80
LCIAX	0.62	0.33	0.06	(1.30)	0.34	(0.69)	2.06	(0.83)	4.96
AALIX	0.48	0.29	0.03	(1.75)	0.00	(0.59)	1.57	(0.72)	4.17
MTCGX	0.80	0.19	0.25	0.42	0.00	(0.98)	2.40	(0.84)	6.22
GMLVX	0.50	0.15	0.05	0.52	0.00	(0.66)	1.55	(0.80)	4.06

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