Locorr Spectrum Correlations

Mutual Funds . USA . 
Fund . Locorr Spectrum Income
LSPCX Fund  USD 5.50  0.03  0.54%   
The current 90-days correlation between Locorr Spectrum Income and Tfa Alphagen Growth is 0.58 (i.e., Very weak 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 -0.16 (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

  0.77LHEAX Locorr Hedged CorePairCorr
  0.78LHEIX Locorr Hedged CorePairCorr
  1.0LSPAX Locorr Spectrum IncomePairCorr
  0.95LSPIX Locorr Spectrum IncomePairCorr
  0.71LCSAX Locorr Longshort ModitiesPairCorr
  0.66LCSCX Locorr Longshort ModitiesPairCorr
  0.7LCSIX Locorr Longshort ModitiesPairCorr
  0.93LEQCX Locorr Dynamic EquityPairCorr
  0.91LEQAX Locorr Dynamic EquityPairCorr
  0.71LFMAX Locorr Macro StrategiesPairCorr
  0.94CGRGX American Funds GrowthPairCorr
  0.94FPGGX American Funds GrowthPairCorr
  0.94FGPGX American Funds GrowthPairCorr
  0.94MUTHX Franklin Mutual SharesPairCorr
  0.96TESRX Franklin Mutual SharesPairCorr
  0.94FMSHX Franklin Mutual SharesPairCorr
  0.94GWPCX American Funds GrowthPairCorr
  0.94GWPFX American Funds GrowthPairCorr
  0.95GWPAX American Funds GrowthPairCorr
  0.95CGQGX American Funds GrowthPairCorr
  0.89PDI Pimco Dynamic IncomePairCorr
  0.93FTCAX Templeton Strained BondPairCorr
  0.92CFWCX Calvert Global WaterPairCorr
  0.94ISGAX Voya Solution BalancedPairCorr
  0.92MECZX Amg Managers CadencePairCorr
  0.95GSPQX Goldman Sachs EquityPairCorr
  0.93MIFIX Miller Intermediate BondPairCorr
  0.9USDIX Ubs Ultra ShortPairCorr
  0.94RBITX American Funds 2050PairCorr

Moving against Locorr Mutual Fund

  0.94USPIX Profunds UltrashortPairCorr
  0.92USPSX Profunds UltrashortPairCorr
  0.88UIPIX Ultrashort Mid CapPairCorr
  0.8TCTGX Transamerica CleartrackPairCorr
  0.79TDKTX Cleartrack 2015 ClassPairCorr
  0.79TCTJX Transamerica CleartrackPairCorr
  0.76TCSUX Cleartrack 2020 ClassPairCorr

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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