Locorr Long/short Correlations

LCSAX Fund

USD 8.85 0.01 0.11%

The current 90-days correlation between Locorr Longshort Modities and Global Gold Fund is 0.25 (i.e., Modest diversification). The correlation of Locorr Long/short 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 Long/short Correlation With Market

Significant diversification

The correlation between Locorr Longshort Modities and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Longshort Modities 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 Longshort Modities. 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 nation.

Moving together with Locorr Mutual Fund

0.66	LHEAX	Locorr Hedged Core	Pair Corr
0.67	LHEIX	Locorr Hedged Core	Pair Corr
0.92	LCSIX	Locorr Longshort Modities	Pair Corr
0.62	GPAAX	Grant Park Multi	Pair Corr

Moving against Locorr Mutual Fund

0.39	XDSMX	Dreyfus Strategic	Pair Corr
0.37	XNXJX	Nuveen New Jersey	Pair Corr
0.35	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	AGGWX	XGGNX	GCEBX	FRGOX	IIGCX	UIPMX	VGSBX
AGGWX		0.96	0.5	0.89	0.88	1.0	0.77	AGGWX
XGGNX	0.96		0.39	0.85	0.85	0.96	0.65	XGGNX
GCEBX	0.5	0.39		0.55	0.5	0.51	0.66	GCEBX
FRGOX	0.89	0.85	0.55		1.0	0.89	0.73	FRGOX
IIGCX	0.88	0.85	0.5	1.0		0.89	0.72	IIGCX
UIPMX	1.0	0.96	0.51	0.89	0.89		0.8	UIPMX
VGSBX	0.77	0.65	0.66	0.73	0.72	0.8		VGSBX
	AGGWX	XGGNX	GCEBX	FRGOX	IIGCX	UIPMX	VGSBX

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Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Long/short 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 Long/short'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
AGGWX	1.25	0.47	0.30	(21.07)	1.14	(1.42)	2.70	(2.65)	7.23
XGGNX	0.56	0.18	0.26	5.69	0.35	(0.72)	1.44	(0.74)	3.21
GCEBX	0.70	0.04	0.03	0.15	1.04	(0.71)	1.48	(2.27)	4.21
FRGOX	1.21	0.51	0.35	0.97	0.87	(1.41)	3.38	(2.00)	6.89
IIGCX	1.26	0.42	0.28	1.08	1.09	(1.43)	3.26	(2.64)	7.27
UIPMX	1.16	0.47	0.33	34.37	0.98	(1.36)	2.90	(2.21)	7.10
VGSBX	0.18	0.02	0.09	(0.29)	0.08	(0.24)	0.43	(0.32)	0.98

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