Locorr Dynamic Correlations

LEQIX Fund

USD 13.12 0.06 0.46%

The current 90-days correlation between Locorr Dynamic Equity and Locorr Market Trend is 0.06 (i.e., Significant 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 0.79 (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 gross domestic product.

Moving together with Locorr Mutual Fund

0.98	LEQCX	Locorr Dynamic Equity	Pair Corr
1.0	LEQAX	Locorr Dynamic Equity	Pair Corr
0.91	NLSCX	Neuberger Berman Long	Pair Corr
0.91	NLSAX	Neuberger Berman Long	Pair Corr
0.88	NLSIX	Neuberger Berman Long	Pair Corr
0.85	QLERX	Aqr Long Short	Pair Corr
0.79	XNKGX	Nuveen Georgia Quality	Pair Corr
0.92	XPPRX	Voya Prime Rate	Pair Corr
0.93	VLPIX	Virtus Select Mlp	Pair Corr
0.89	SBQAX	Americafirst Large Cap	Pair Corr
0.83	LUBYX	Lord Abbett Ultra	Pair Corr
0.98	PGWIX	Midcap Growth	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.94	PSIAX	Prudential Qma Stock	Pair Corr

Moving against Locorr Mutual Fund

0.74	LCSCX	Locorr Longshort Modities	Pair Corr
0.72	LCSAX	Locorr Longshort Modities Potential Growth	Pair Corr
0.71	LCSIX	Locorr Longshort Modities	Pair Corr
0.4	DHLSX	Diamond Hill Long	Pair Corr
0.4	DIAYX	Diamond Hill Long	Pair Corr
0.42	NXJ	Nuveen New Jersey	Pair Corr
0.4	DIAMX	Diamond Hill Long	Pair Corr
0.34	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LCSIX
LOTCX		0.9	0.91	-0.01	0.08	-0.03	0.01	-0.01	0.01	LOTCX
LOTAX	0.9		1.0	-0.02	0.09	-0.03	-0.09	-0.11	-0.09	LOTAX
LOTIX	0.91	1.0		-0.03	0.08	-0.04	-0.1	-0.12	-0.1	LOTIX
LSPCX	-0.01	-0.02	-0.03		0.97	1.0	0.62	0.58	0.62	LSPCX
LSPAX	0.08	0.09	0.08	0.97		0.97	0.48	0.45	0.48	LSPAX
LSPIX	-0.03	-0.03	-0.04	1.0	0.97		0.6	0.57	0.6	LSPIX
LCSAX	0.01	-0.09	-0.1	0.62	0.48	0.6		0.98	1.0	LCSAX
LCSCX	-0.01	-0.11	-0.12	0.58	0.45	0.57	0.98		0.98	LCSCX
LCSIX	0.01	-0.09	-0.1	0.62	0.48	0.6	1.0	0.98		LCSIX
	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LCSIX

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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

LOTIX	+ 1.0	LOTAX
LSPIX	+ 1.0	LSPCX
LCSIX	+ 1.0	LCSAX
LCSCX	+ 0.98	LCSAX
LCSIX	+ 0.98	LCSCX
LSPAX	+ 0.97	LSPCX

High negative correlations

LCSCX	- 0.12	LOTIX
LCSCX	- 0.11	LOTAX
LCSIX	- 0.1	LOTIX
LCSAX	- 0.1	LOTIX
LCSIX	- 0.09	LOTAX
LCSAX	- 0.09	LOTAX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LOTCX	0.61	(0.02)	3.34	1.01	(1.50)	3.31
LOTAX	0.62	(0.03)	(0.03)	1.05	(1.57)	3.19
LOTIX	0.61	(0.03)	(0.03)	1.05	(1.58)	3.27
LSPCX	0.39	(0.07)	(0.15)	0.72	(0.72)	3.25
LSPAX	0.42	(0.06)	(0.10)	0.73	(0.73)	3.49
LSPIX	0.40	(0.07)	(0.14)	0.74	(0.73)	3.32
LCSAX	0.27	(0.11)	(10.94)	0.33	(0.56)	1.33
LCSCX	0.26	(0.11)	(9.01)	0.35	(0.58)	1.52
LCSIX	0.27	(0.11)	(5.48)	0.33	(0.55)	1.53

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