Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Institutional
LSHIX Fund  USD 5.81  0.01  0.17%   
The current 90-days correlation between Loomis Sayles Instit and Nuveen Strategic Municipal is 0.36 (i.e., Weak diversification). 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 good diversification

The correlation between Loomis Sayles Institutional and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Institutional 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 Institutional. 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 Loomis Mutual Fund

  0.73LIPNX Loomis Sayles InflationPairCorr
  0.71LIPRX Loomis Sayles InflationPairCorr
  0.96LSBDX Loomis Sayles BondPairCorr
  0.95LSBNX Loomis Sayles BondPairCorr
  0.96LSBRX Loomis Sayles BondPairCorr
  0.95LSCNX Loomis Sayles SmallPairCorr
  0.95LSCRX Loomis Sayles SmallPairCorr
  0.95LSFIX Loomis Sayles FixedPairCorr
  0.72LSGBX Loomis Sayles GlobalPairCorr
  0.72LSGNX Loomis Sayles GlobalPairCorr
  0.71LSGLX Loomis Sayles GlobalPairCorr
  0.73LSGSX Loomis Sayles InflationPairCorr
  0.87LSIGX Loomis Sayles InvestmentPairCorr
  0.99LSIOX Loomis Sayles HighPairCorr
  0.95LSMIX Loomis Sayles SmallmidPairCorr
  0.95LSMNX Loomis Sayles SmallmidPairCorr
  0.95LSSCX Loomis Sayles SmallPairCorr
  0.96LSSIX Loomis Sayles SmallPairCorr
  0.96LSSNX Loomis Sayles SmallPairCorr
  0.95LSVAX Loomis Sayles SmallPairCorr
  0.94LBFAX Loomis Sayles BondPairCorr
  0.96LCGRX Loomis Sayles SmallPairCorr
  0.98VWEAX Vanguard High YieldPairCorr
  0.99VWEHX Vanguard High YieldPairCorr
  0.99BHYCX Blackrock Hi YldPairCorr
  0.99BHYIX Blackrock High YieldPairCorr
  0.99BHYSX Blackrock Hi YldPairCorr
  0.99BHYAX Blackrock High YieldPairCorr
  0.97FAHHX American Funds AmericanPairCorr
  0.98FTAHX American Funds AmericanPairCorr
  0.98AHTFX American High IncomePairCorr
  0.97AHTCX American High IncomePairCorr
  0.96ERH Allspring Utilities AndPairCorr
  0.98WHIYX Ivy High IncomePairCorr
  0.98IVHIX Ivy High IncomePairCorr
  0.97IHIFX Ivy High IncomePairCorr
  0.97WRHIX Ivy High IncomePairCorr
  0.97WHIAX Ivy High IncomePairCorr

Related Correlations Analysis

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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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