Locorr Long/short Correlations
| LCSCX Fund | USD 8.36 0.01 0.12% |
The current 90-days correlation between Locorr Longshort Modities and Rbc China Equity is -0.09 (i.e., Good 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 |
Moving together with Locorr Mutual Fund
Moving against Locorr Mutual Fund
| 0.39 | XNBHX | Neuberger Berman Int | PairCorr |
| 0.37 | XDSMX | Dreyfus Strategic | PairCorr |
| 0.37 | XNXJX | Nuveen New Jersey | PairCorr |
Related Correlations Analysis
| 0.82 | 0.81 | 0.95 | 0.89 | 0.91 | 0.75 | RBCIX | ||
| 0.82 | 0.83 | 0.93 | 0.77 | 0.82 | 0.73 | CIESX | ||
| 0.81 | 0.83 | 0.85 | 0.79 | 0.86 | 0.64 | QLENX | ||
| 0.95 | 0.93 | 0.85 | 0.9 | 0.94 | 0.7 | PAEIX | ||
| 0.89 | 0.77 | 0.79 | 0.9 | 0.9 | 0.66 | OWFIX | ||
| 0.91 | 0.82 | 0.86 | 0.94 | 0.9 | 0.56 | QMNIX | ||
| 0.75 | 0.73 | 0.64 | 0.7 | 0.66 | 0.56 | GIEAX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RBCIX | 1.38 | 0.24 | 0.15 | 2.50 | 1.35 | 2.72 | 7.76 | |||
| CIESX | 0.68 | 0.08 | 0.09 | (0.57) | 0.89 | 1.58 | 5.26 | |||
| QLENX | 0.43 | 0.14 | 0.24 | 0.35 | 0.35 | 0.81 | 3.11 | |||
| PAEIX | 0.66 | 0.13 | 0.15 | (0.61) | 0.67 | 1.50 | 4.54 | |||
| OWFIX | 0.17 | 0.03 | 0.12 | (0.72) | 0.00 | 0.40 | 1.01 | |||
| QMNIX | 0.30 | 0.15 | 0.39 | 1.81 | 0.00 | 0.68 | 1.97 | |||
| GIEAX | 0.58 | 0.14 | 0.18 | 0.28 | 0.56 | 1.34 | 4.95 |