Locorr Dynamic Correlations

LEQAX Fund

USD 12.98 0.12 0.93%

The current 90-days correlation between Locorr Dynamic Equity and Fidelity Real Estate is -0.04 (i.e., Good diversification). 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

Very weak diversification

The correlation between Locorr Dynamic Equity and DJI is 0.53 (i.e., Very weak 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

0.65	NLSCX	Neuberger Berman Long	Pair Corr
0.82	NLSAX	Neuberger Berman Long	Pair Corr
0.68	NLSIX	Neuberger Berman Long	Pair Corr
0.81	DHLSX	Diamond Hill Long	Pair Corr
0.81	DIAYX	Diamond Hill Long	Pair Corr
0.81	DIAMX	Diamond Hill Long	Pair Corr
0.86	ASLAX	Ab Select Longshort	Pair Corr
0.85	LEVIX	Lazard Equity Centrated	Pair Corr
0.81	CSRYX	Columbia Select Large	Pair Corr
0.83	FNILX	Fidelity Zero Large	Pair Corr
0.74	FDEGX	Fidelity Growth Stra	Pair Corr
0.84	SPSDX	Sterling Capital Beh	Pair Corr
0.84	HBLYX	Hartford Balanced	Pair Corr
0.73	ISIAX	Voya Strategic Income	Pair Corr
0.75	PSHAX	Short Term Fund	Pair Corr
0.81	FASCX	Franklin K2 Alternative	Pair Corr
0.83	FFEGX	Fidelity Freedom Index	Pair Corr
0.86	EMAYX	Enterprise Mergers And	Pair Corr
0.81	FFFCX	Fidelity Freedom 2010	Pair Corr
0.66	RIVKX	American Funds Inter	Pair Corr
0.81	DCEMX	Dunham Emerging Markets	Pair Corr
0.89	FISVX	Fidelity Small Cap	Pair Corr

Moving against Locorr Mutual Fund

0.35

PWLMX

Pimco Rae Worldwide

Pair Corr

Related Correlations Analysis

	FIKMX	FORFX	RRSCX	TIREX	PNDIX	TRRSX
FIKMX		0.94	0.92	0.78	0.92	0.78	FIKMX
FORFX	0.94		0.8	0.68	0.99	0.68	FORFX
RRSCX	0.92	0.8		0.8	0.79	0.8	RRSCX
TIREX	0.78	0.68	0.8		0.65	1.0	TIREX
PNDIX	0.92	0.99	0.79	0.65		0.65	PNDIX
TRRSX	0.78	0.68	0.8	1.0	0.65		TRRSX
	FIKMX	FORFX	RRSCX	TIREX	PNDIX	TRRSX

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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
FIKMX	0.20	0.06	(0.45)	(2.97)	0.02	(0.24)	0.42	(0.42)	1.35
FORFX	0.06	0.04	0.00	2.37	0.00	0.00	0.11	0.00	0.41
RRSCX	0.54	0.13	(0.11)	(2.33)	0.58	(0.55)	1.43	(1.14)	3.70
TIREX	0.60	(0.05)	(0.12)	0.13	0.86	(0.61)	1.61	(1.40)	4.47
PNDIX	0.04	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.20
TRRSX	0.61	(0.05)	(0.13)	0.13	0.82	(0.62)	1.64	(1.38)	4.48

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