Leader Short-term Correlations
| LCCIX Fund | USD 8.22 0.01 0.12% |
The current 90-days correlation between Leader Short Term and Dunham Porategovernment Bond is -0.06 (i.e., Good diversification). The correlation of Leader Short-term 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.
Leader Short-term Correlation With Market
Weak diversification
The correlation between Leader Short Term Bond and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leader Short Term Bond and DJI in the same portfolio, assuming nothing else is changed.
Leader |
Moving together with Leader Mutual Fund
| 0.77 | LCCMX | Leader Short Term | PairCorr |
| 0.61 | LCTIX | Leader Total Return | PairCorr |
| 0.76 | BHYCX | Blackrock Hi Yld | PairCorr |
| 0.84 | BHYIX | Blackrock High Yield | PairCorr |
| 0.85 | BHYSX | Blackrock Hi Yld | PairCorr |
| 0.84 | BHYAX | Blackrock High Yield | PairCorr |
| 0.8 | FAHHX | American Funds American | PairCorr |
| 0.81 | FTAHX | American Funds American | PairCorr |
| 0.8 | AHTFX | American High Income | PairCorr |
| 0.8 | AHTCX | American High Income | PairCorr |
| 0.68 | TUHYX | T Rowe Price | PairCorr |
| 0.65 | BFIUX | Baron Fintech | PairCorr |
| 0.61 | NML | Neuberger Berman Mlp Normal Trading | PairCorr |
| 0.7 | TORIX | Tortoise Mlp Pipeline | PairCorr |
| 0.69 | TORTX | Tortoise Mlp Pipeline | PairCorr |
Moving against Leader Mutual Fund
Related Correlations Analysis
| -0.05 | -0.2 | -0.12 | 0.0 | DNCGX | ||
| -0.05 | 0.76 | 0.73 | 0.0 | UGSDX | ||
| -0.2 | 0.76 | 0.89 | 0.0 | DVPXX | ||
| -0.12 | 0.73 | 0.89 | 0.0 | SIGVX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | IVMXX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Leader Mutual Fund performing well and Leader Short-term 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 Leader Short-term'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DNCGX | 0.22 | (0.06) | 0.00 | (1.64) | 0.00 | 0.40 | 1.20 | |||
| UGSDX | 0.05 | 0.01 | 0.00 | (3.05) | 0.00 | 0.00 | 1.03 | |||
| DVPXX | 0.03 | 0.01 | 0.00 | (0.42) | 0.00 | 0.00 | 1.01 | |||
| SIGVX | 0.03 | (0.01) | (0.16) | (1.36) | 0.02 | 0.10 | 0.51 | |||
| IVMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |