Locorr Spectrum Correlations

Mutual Funds . USA . 
Fund . Locorr Spectrum Income
LSPCX Fund  USD 5.56  0.06  1.09%   
The current 90-days correlation between Locorr Spectrum Income and Virtus Seix Government is -0.25 (i.e., Very good diversification). The correlation of Locorr Spectrum 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 Spectrum Correlation With Market

Good diversification

The correlation between Locorr Spectrum Income and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Spectrum Income 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 Spectrum Income. 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 main economic indicators.

Moving together with Locorr Mutual Fund

  0.76LHEAX Locorr Hedged CorePairCorr
  0.95LSPIX Locorr Spectrum IncomePairCorr
  0.7LCSAX Locorr Longshort ModitiesPairCorr
  0.93LEQCX Locorr Dynamic EquityPairCorr
  0.93LEQAX Locorr Dynamic EquityPairCorr
  0.94CGRGX American Funds GrowthPairCorr
  0.95FPGGX American Funds GrowthPairCorr
  0.95FGPGX American Funds GrowthPairCorr
  0.93MUTHX Franklin Mutual SharesPairCorr
  0.96TESRX Franklin Mutual SharesPairCorr
  0.93FMSHX Franklin Mutual SharesPairCorr
  0.95GWPCX American Funds GrowthPairCorr
  0.94GWPFX American Funds GrowthPairCorr
  0.95GWPAX American Funds GrowthPairCorr
  0.94CGQGX American Funds GrowthPairCorr
  0.64FRGOX Franklin Gold PreciousPairCorr
  0.67FGPMX Franklin Gold AndPairCorr
  0.65FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.95FOF Cohen Steers ClosedPairCorr
  0.95WFPAX Wells Fargo SpecialPairCorr
  0.88VSFCX Federated Clover SmallPairCorr
  0.93TRFJX T Rowe PricePairCorr
  0.96QLMYIX Legg Mason PartnersPairCorr
  0.93ISWSX Voya Solution IncomePairCorr
  0.92NBGTX Neuberger Berman GuardianPairCorr
  0.95JDCAX Janus Forty FundPairCorr
  0.91PGOAX Prudential Jennison SmallPairCorr
  0.93MCGIX Amg Managers MontagPairCorr

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 Spectrum 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 Spectrum'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.

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