Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Small
LSCNX Fund  USD 22.53  0.05  0.22%   
The current 90-days correlation between Loomis Sayles Small and Loomis Sayles Small is 1.0 (i.e., No risk reduction). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Very poor diversification

The correlation between Loomis Sayles Small and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Small 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 Loomis Sayles Small. 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 board of governors.

Moving together with Loomis Mutual Fund

  0.86LSBDX Loomis Sayles BondPairCorr
  0.85LSBNX Loomis Sayles BondPairCorr
  0.86LSBRX Loomis Sayles BondPairCorr
  1.0LSCRX Loomis Sayles SmallPairCorr
  0.86LSFIX Loomis Sayles FixedPairCorr
  0.95LSHIX Loomis Sayles InstitPairCorr
  0.64LSGSX Loomis Sayles InflationPairCorr
  0.79LSIGX Loomis Sayles InvestmentPairCorr
  0.95LSIOX Loomis Sayles HighPairCorr
  0.98LSMIX Loomis Sayles SmallmidPairCorr
  0.96LSMNX Loomis Sayles SmallmidPairCorr
  1.0LSSCX Loomis Sayles SmallPairCorr
  0.95LSSIX Loomis Sayles SmallPairCorr
  0.98LSSNX Loomis Sayles SmallPairCorr
  1.0LSVAX Loomis Sayles SmallPairCorr
  0.85LBFAX Loomis Sayles BondPairCorr
  0.98LCGRX Loomis Sayles SmallPairCorr
  1.0VSMAX Vanguard Small CapPairCorr
  1.0VSCIX Vanguard Small CapPairCorr
  1.0VSCPX Vanguard Small CapPairCorr
  1.0NAESX Vanguard Small CapPairCorr
  0.98FSSNX Fidelity Small CapPairCorr
  1.0DFSTX Us Small CapPairCorr
  0.99PASVX T Rowe PricePairCorr
  0.96PRVIX T Rowe PricePairCorr
  0.99TRZVX T Rowe PricePairCorr
  0.99PRSVX T Rowe PricePairCorr
  0.96PDI Pimco Dynamic IncomePairCorr

Moving against Loomis Mutual Fund

  0.99UIPIX Ultrashort Mid CapPairCorr
  0.96USPSX Profunds UltrashortPairCorr
  0.96USPIX Profunds UltrashortPairCorr
  0.71TCTGX Transamerica CleartrackPairCorr
  0.71TCTJX Transamerica CleartrackPairCorr
  0.7TDKTX Cleartrack 2015 ClassPairCorr
  0.66TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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.

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