Locorr Dynamic Correlations

LEQIX Fund

USD 12.22 0.09 0.74%

The current 90-days correlation between Locorr Dynamic Equity and Vanguard Target Retirement is 0.75 (i.e., Poor 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 poor diversification

The correlation between Locorr Dynamic Equity and DJI is 0.81 (i.e., Very 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

0.62	LHEAX	Locorr Hedged Core	Pair Corr
0.61	LHEIX	Locorr Hedged Core	Pair Corr
0.81	LOTCX	Locorr Market Trend	Pair Corr
0.81	LOTAX	Locorr Market Trend	Pair Corr
0.81	LOTIX	Locorr Market Trend	Pair Corr
0.78	LSPCX	Locorr Spectrum Income	Pair Corr
0.78	LSPAX	Locorr Spectrum Income	Pair Corr
0.78	LSPIX	Locorr Spectrum Income	Pair Corr
0.93	LEQCX	Locorr Dynamic Equity	Pair Corr
0.93	LEQAX	Locorr Dynamic Equity	Pair Corr
0.74	LFMCX	Locorr Macro Strategies	Pair Corr
0.78	LFMAX	Locorr Macro Strategies	Pair Corr
0.72	LFMIX	Locorr Macro Strategies	Pair Corr
0.89	NLSCX	Neuberger Berman Long	Pair Corr
0.89	NLSAX	Neuberger Berman Long	Pair Corr
0.85	NLSIX	Neuberger Berman Long	Pair Corr
0.76	DHLSX	Diamond Hill Long	Pair Corr
0.76	DIAYX	Diamond Hill Long	Pair Corr
0.75	DIAMX	Diamond Hill Long	Pair Corr
0.97	ASLAX	Ab Select Longshort	Pair Corr
0.82	FSMMX	Fs Multi Strategy	Pair Corr
0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.73	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.74	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	SPMJX	Invesco Steelpath Mlp	Pair Corr

Moving against Locorr Mutual Fund

0.7	IOSSX	Voya Global Bond	Pair Corr
0.68	MPIBX	Bny Mellon Intermediate	Pair Corr
0.57	RSDIX	Rbc Short Duration	Pair Corr
0.49	FMUUX	Federated Municipal	Pair Corr

Related Correlations Analysis

	VTINX	SISAX	AQRRX	RYIHX	AGTFX	CABIX	FYAIX
VTINX		0.86	0.9	-0.88	0.87	0.95	0.93	VTINX
SISAX	0.86		0.95	-0.93	0.99	0.87	0.93	SISAX
AQRRX	0.9	0.95		-0.91	0.95	0.9	0.92	AQRRX
RYIHX	-0.88	-0.93	-0.91		-0.91	-0.83	-0.97	RYIHX
AGTFX	0.87	0.99	0.95	-0.91		0.89	0.92	AGTFX
CABIX	0.95	0.87	0.9	-0.83	0.89		0.87	CABIX
FYAIX	0.93	0.93	0.92	-0.97	0.92	0.87		FYAIX
	VTINX	SISAX	AQRRX	RYIHX	AGTFX	CABIX	FYAIX

Click cells to compare fundamentals

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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

AGTFX	+ 0.99	SISAX
CABIX	+ 0.95	VTINX
AQRRX	+ 0.95	SISAX
AGTFX	+ 0.95	AQRRX
FYAIX	+ 0.93	VTINX
FYAIX	+ 0.93	SISAX

High negative correlations

FYAIX	- 0.97	RYIHX
RYIHX	- 0.93	SISAX
AGTFX	- 0.91	RYIHX
RYIHX	- 0.91	AQRRX
RYIHX	- 0.88	VTINX
CABIX	- 0.83	RYIHX

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
VTINX	0.33	0.04	0.25	0.04	0.46	(0.33)	0.62	(0.68)	2.96
SISAX	0.91	0.04	0.00	(0.07)	0.00	0.00	1.47	(1.96)	8.99
AQRRX	0.70	0.05	0.00	(0.03)	0.00	0.00	1.09	(2.09)	6.33
RYIHX	0.37	(0.03)	0.20	(0.01)	0.55	(0.40)	0.99	(0.62)	3.68
AGTFX	1.07	0.08	0.00	(0.03)	0.00	0.00	1.90	(2.32)	11.58
CABIX	0.45	0.05	0.20	0.05	0.60	(0.48)	0.93	(0.91)	3.47
FYAIX	0.36	0.02	0.00	(0.04)	0.00	0.00	0.58	(0.86)	4.34

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