Locorr Dynamic Correlations

LEQAX Fund

USD 12.84 0.02 0.16%

The correlation of Locorr Dynamic 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 Dynamic Correlation With Market

Significant diversification

The correlation between Locorr Dynamic Equity and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Dynamic Equity 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 Dynamic Equity. 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

0.76	LHEAX	Locorr Hedged Core	Pair Corr
0.77	LHEIX	Locorr Hedged Core	Pair Corr
0.67	LOTAX	Locorr Market Trend	Pair Corr
0.68	LOTIX	Locorr Market Trend	Pair Corr
0.92	LSPCX	Locorr Spectrum Income	Pair Corr
0.93	LSPIX	Locorr Spectrum Income	Pair Corr
0.61	LCSIX	Locorr Longshort Modities	Pair Corr
0.69	LEQCX	Locorr Dynamic Equity	Pair Corr
0.98	LEQIX	Locorr Dynamic Equity	Pair Corr
0.73	LFMCX	Locorr Macro Strategies	Pair Corr
0.77	LFMAX	Locorr Macro Strategies	Pair Corr
0.8	LFMIX	Locorr Macro Strategies	Pair Corr
0.84	NLSCX	Neuberger Berman Long	Pair Corr
0.86	NLSIX	Neuberger Berman Long	Pair Corr
0.76	QLERX	Aqr Long Short	Pair Corr
0.95	DHLSX	Diamond Hill Long	Pair Corr
0.95	DIAYX	Diamond Hill Long	Pair Corr
0.95	DIAMX	Diamond Hill Long	Pair Corr
0.98	ASLAX	Ab Select Longshort	Pair Corr
0.95	HIGFX	American High Income	Pair Corr
0.66	JDBRX	Janus Balanced	Pair Corr
0.96	RCFTX	American Funds 2035	Pair Corr
0.96	CAMSX	Cambiar Small Cap	Pair Corr
0.96	LEVAX	Blackrock Lifepath Esg	Pair Corr
0.61	PCMNX	Pace Municipal Fixed	Pair Corr
0.95	IAALX	Transamerica Asset	Pair Corr
0.64	GMOYX	Gmo Trust	Pair Corr
0.85	SAFEX	Weitz Ultra Short	Pair Corr
0.67	ETY	Eaton Vance Tax	Pair Corr
0.96	FHAUX	Fidelity Freedom Blend	Pair Corr
0.83	FXICX	Fixed Income Shares	Pair Corr
0.96	LCBDX	Clearbridge Tactical	Pair Corr

Moving against LOCORR Mutual Fund

0.51	PWLIX	Pimco Rae Worldwide	Pair Corr
0.35	PWLMX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	FMVUX	PFCXX	STSEX	AEYXX	IVMXX	SMAAX
FMVUX		0.34	0.97	0.0	0.34	0.92	FMVUX
PFCXX	0.34		0.41	0.0	1.0	0.39	PFCXX
STSEX	0.97	0.41		0.0	0.41	0.95	STSEX
AEYXX	0.0	0.0	0.0		0.0	0.0	AEYXX
IVMXX	0.34	1.0	0.41	0.0		0.39	IVMXX
SMAAX	0.92	0.39	0.95	0.0	0.39		SMAAX
	FMVUX	PFCXX	STSEX	AEYXX	IVMXX	SMAAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IVMXX	+ 1.0	PFCXX
STSEX	+ 0.97	FMVUX
SMAAX	+ 0.95	STSEX
SMAAX	+ 0.92	FMVUX
STSEX	+ 0.41	PFCXX
IVMXX	+ 0.41	STSEX

High negative correlations

SMAAX	- 0.0	AEYXX
IVMXX	- 0.0	AEYXX
AEYXX	- 0.0	STSEX
AEYXX	- 0.0	PFCXX
AEYXX	- 0.0	FMVUX

Risk-Adjusted Indicators

There is a big difference between LOCORR Mutual Fund performing well and Locorr Dynamic 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 Dynamic'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
FMVUX	0.73	0.23	(0.01)	(0.86)	0.63	(0.84)	1.86	(1.27)	5.60
PFCXX	0.03	(0.01)	0.00	0.11	0.00	0.00	0.00	0.00	1.01
STSEX	0.49	0.21	(0.04)	(1.13)	0.00	(0.55)	1.58	(0.83)	2.96
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.03	(0.01)	0.00	0.11	0.00	0.00	0.00	0.00	1.01
SMAAX	0.09	0.02	(1.45)	1.28	0.00	(0.14)	0.20	(0.10)	0.61

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