Locorr Hedged Correlations

Mutual Funds . USA . 
Fund . Locorr Hedged Core
LHEIX Fund   9.58  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 -0.28 (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 gross domestic product.

Moving together with Locorr Mutual Fund

  1.0LHEAX Locorr Hedged CorePairCorr
  0.65LOTCX Locorr Market TrendPairCorr
  0.69LOTAX Locorr Market TrendPairCorr
  0.7LOTIX Locorr Market TrendPairCorr
  0.78LSPCX Locorr Spectrum IncomePairCorr
  0.79LSPAX Locorr Spectrum IncomePairCorr
  0.79LSPIX Locorr Spectrum IncomePairCorr
  0.95LCSAX Locorr Longshort ModitiesPairCorr
  0.94LCSCX Locorr Longshort ModitiesPairCorr
  0.95LCSIX Locorr Longshort ModitiesPairCorr
  0.74LEQCX Locorr Dynamic EquityPairCorr
  0.74LEQAX Locorr Dynamic EquityPairCorr
  0.74LEQIX Locorr Dynamic EquityPairCorr
  0.76LFMCX Locorr Macro StrategiesPairCorr
  0.81LFMAX Locorr Macro StrategiesPairCorr
  0.82LFMIX Locorr Macro StrategiesPairCorr
  0.76MBXFX Catalystmillburn HedgePairCorr
  0.77MBXIX Catalystmillburn HedgePairCorr
  0.77MBXAX Catalystmillburn HedgePairCorr
  0.76MBXCX Catalystmillburn HedgePairCorr
  0.68VTSAX Vanguard Total StockPairCorr
  0.69VFIAX Vanguard 500 IndexPairCorr
  0.68VTSMX Vanguard Total StockPairCorr
  0.68VSMPX Vanguard Total StockPairCorr
  0.68VSTSX Vanguard Total StockPairCorr
  0.68VITSX Vanguard Total StockPairCorr
  0.68VFINX Vanguard 500 IndexPairCorr
  0.69VFFSX Vanguard 500 IndexPairCorr
  0.69VGTSX Vanguard Total InterPairCorr
  0.69VTIAX Vanguard Total InterPairCorr
  0.78RCBGX American Funds PoratePairCorr
  0.83FFBAX First Foundation FixedPairCorr
  0.72BDBKX 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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