Locorr Hedged Correlations

Mutual Funds . USA . 
Fund . Locorr Hedged Core
LHEAX Fund   9.56  0.01  0.10%   
The current 90-days correlation between Locorr Hedged Core and Locorr Hedged Core is 0.98 (i.e., Almost no diversification). The correlation of Locorr Hedged 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 Hedged Correlation With Market

Very good diversification

The correlation between Locorr Hedged Core and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Hedged Core 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 Hedged Core. 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

  1.0LHEIX Locorr Hedged CorePairCorr
  0.64LOTCX Locorr Market TrendPairCorr
  0.68LOTAX Locorr Market TrendPairCorr
  0.69LOTIX Locorr Market TrendPairCorr
  0.77LSPCX Locorr Spectrum IncomePairCorr
  0.79LSPAX Locorr Spectrum IncomePairCorr
  0.78LSPIX Locorr Spectrum IncomePairCorr
  0.95LCSAX Locorr Longshort ModitiesPairCorr
  0.94LCSCX Locorr Longshort ModitiesPairCorr
  0.95LCSIX Locorr Longshort ModitiesPairCorr
  0.73LEQCX Locorr Dynamic EquityPairCorr
  0.73LEQAX Locorr Dynamic EquityPairCorr
  0.74LEQIX Locorr Dynamic EquityPairCorr
  0.75LFMCX Locorr Macro StrategiesPairCorr
  0.8LFMAX Locorr Macro StrategiesPairCorr
  0.81LFMIX Locorr Macro StrategiesPairCorr
  0.75MBXFX Catalystmillburn HedgePairCorr
  0.76MBXIX Catalystmillburn HedgePairCorr
  0.76MBXAX Catalystmillburn HedgePairCorr
  0.75MBXCX Catalystmillburn HedgePairCorr
  0.67VTSAX Vanguard Total StockPairCorr
  0.67VFIAX Vanguard 500 IndexPairCorr
  0.67VTSMX Vanguard Total StockPairCorr
  0.67VSMPX Vanguard Total StockPairCorr
  0.67VSTSX Vanguard Total StockPairCorr
  0.67VITSX Vanguard Total StockPairCorr
  0.67VFINX Vanguard 500 IndexPairCorr
  0.67VFFSX Vanguard 500 IndexPairCorr
  0.67VGTSX Vanguard Total InterPairCorr
  0.67VTIAX Vanguard Total InterPairCorr
  0.77RCBGX American Funds PoratePairCorr
  0.82FFBAX First Foundation FixedPairCorr
  0.71BDBKX Blackrock Small CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Hedged 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 Hedged'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LHEAX  0.22  0.04 (0.28)(0.31) 0.19 
(0.27)
 0.43 
(0.42)
 1.59 
LHEIX  0.22  0.04 (0.29)(0.33) 0.19 
(0.26)
 0.43 
(0.42)
 1.48 
LOTCX  0.30  0.03 (0.27)(0.28) 0.34 
(0.33)
 0.53 
(0.53)
 1.90 
LOTAX  0.30  0.03 (0.25)(0.41) 0.32 
(0.34)
 0.59 
(0.50)
 1.88 
LOTIX  0.31  0.03 (0.26)(0.47) 0.32 
(0.35)
 0.50 
(0.49)
 1.88 
LSPCX  0.44  0.05 (0.04) 0.29  0.46 
(0.59)
 0.96 
(0.75)
 3.60 
LSPAX  0.45  0.06 (0.04) 0.32  0.44 
(0.60)
 0.96 
(0.76)
 3.48 
LSPIX  0.44  0.06 (0.04) 0.34  0.42 
(0.57)
 0.96 
(0.77)
 3.28 
LCSAX  0.32  0.05 (0.21)(0.21) 0.36 
(0.36)
 0.58 
(0.69)
 2.25 
LCSCX  0.31  0.04 (0.19)(0.18) 0.39 
(0.34)
 0.60 
(0.72)
 2.27 

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