Locorr Dynamic Correlations

LEQCX Fund

USD 11.94 0.04 0.34%

The current 90-days correlation between Locorr Dynamic Equity and Rationalrgn Hedged Equity is 0.42 (i.e., Very weak 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

Poor diversification

The correlation between Locorr Dynamic Equity and DJI is 0.63 (i.e., Poor 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 private.

Moving together with Locorr Mutual Fund

0.63	LHEAX	Locorr Hedged Core	Pair Corr
0.65	LHEIX	Locorr Hedged Core	Pair Corr
0.8	LOTCX	Locorr Market Trend	Pair Corr
0.8	LOTAX	Locorr Market Trend	Pair Corr
0.8	LOTIX	Locorr Market Trend	Pair Corr
0.92	LSPAX	Locorr Spectrum Income	Pair Corr
0.92	LSPIX	Locorr Spectrum Income	Pair Corr
1.0	LEQAX	Locorr Dynamic Equity	Pair Corr
1.0	LEQIX	Locorr Dynamic Equity	Pair Corr
0.74	LFMCX	Locorr Macro Strategies	Pair Corr
0.77	LFMAX	Locorr Macro Strategies	Pair Corr
0.78	LFMIX	Locorr Macro Strategies	Pair Corr
0.79	NLSCX	Neuberger Berman Long	Pair Corr
0.8	NLSAX	Neuberger Berman Long	Pair Corr
0.8	NLSIX	Neuberger Berman Long	Pair Corr
0.73	QLERX	Aqr Long Short	Pair Corr
0.87	DHLSX	Diamond Hill Long	Pair Corr
0.87	DIAYX	Diamond Hill Long	Pair Corr
0.87	DIAMX	Diamond Hill Long	Pair Corr
0.87	ASLAX	Ab Select Longshort	Pair Corr
0.67	SMPSX	Semiconductor Ultrasector	Pair Corr
0.67	SMPIX	Semiconductor Ultrasector	Pair Corr
0.76	FELIX	Fidelity Advisor Sem	Pair Corr
0.79	ONERX	One Rock Fund	Pair Corr
0.74	RYVYX	Nasdaq 100 2x	Pair Corr
0.74	RYVLX	Nasdaq 100 2x	Pair Corr
0.75	FSELX	Fidelity Select Semi	Pair Corr
0.84	FBKFX	Fidelity Balanced	Pair Corr
0.86	AZNAX	Allianzgi Income Growth	Pair Corr
0.88	BLPEX	American Funds Balanced	Pair Corr

Related Correlations Analysis

	RNECX	AVPEX	TEQCX	LGFEX	GMADX	DIVHX	PZHEX	SCXIX	QDIBX
RNECX		0.36	0.86	0.83	0.89	0.78	0.95	0.78	0.78	RNECX
AVPEX	0.36		0.28	0.24	0.21	0.44	0.23	-0.09	-0.07	AVPEX
TEQCX	0.86	0.28		0.97	0.9	0.68	0.86	0.75	0.76	TEQCX
LGFEX	0.83	0.24	0.97		0.95	0.73	0.88	0.79	0.81	LGFEX
GMADX	0.89	0.21	0.9	0.95		0.84	0.97	0.86	0.88	GMADX
DIVHX	0.78	0.44	0.68	0.73	0.84		0.83	0.55	0.57	DIVHX
PZHEX	0.95	0.23	0.86	0.88	0.97	0.83		0.87	0.88	PZHEX
SCXIX	0.78	-0.09	0.75	0.79	0.86	0.55	0.87		0.99	SCXIX
QDIBX	0.78	-0.07	0.76	0.81	0.88	0.57	0.88	0.99		QDIBX
	RNECX	AVPEX	TEQCX	LGFEX	GMADX	DIVHX	PZHEX	SCXIX	QDIBX

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

QDIBX	+ 0.99	SCXIX
LGFEX	+ 0.97	TEQCX
PZHEX	+ 0.97	GMADX
PZHEX	+ 0.95	RNECX
GMADX	+ 0.95	LGFEX
GMADX	+ 0.9	TEQCX

High negative correlations

SCXIX	- 0.09	AVPEX
QDIBX	- 0.07	AVPEX

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
RNECX	0.59	0.04	0.04	0.15	0.59	(0.65)	1.29	(1.02)	3.70
AVPEX	0.66	(0.09)	(0.10)	0.02	0.73	(0.81)	1.68	(1.37)	4.33
TEQCX	0.60	(0.02)	(0.06)	0.08	0.53	(0.70)	1.42	(1.04)	3.29
LGFEX	0.59	(0.01)	(0.04)	0.09	0.63	(0.67)	1.33	(1.10)	3.85
GMADX	0.47	0.04	0.04	0.16	0.29	(0.55)	1.30	(0.86)	2.68
DIVHX	0.40	0.01	(0.06)	0.11	0.25	(0.52)	0.91	(0.68)	1.99
PZHEX	0.35	0.03	(0.03)	0.16	0.10	(0.42)	0.75	(0.52)	1.75
SCXIX	0.21	0.02	(0.35)	0.54	0.06	(0.29)	0.42	(0.32)	1.16
QDIBX	0.20	0.01	(0.36)	0.37	0.07	(0.27)	0.44	(0.33)	1.23

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