Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTIX Fund  USD 11.16  0.00  0.00%   
The current 90-days correlation between Leader Total Return and Leader Total Return is 0.92 (i.e., Almost no diversification). The correlation of Leader Total 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 Total Correlation With Market

Good diversification

The correlation between Leader Total Return and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leader Total Return 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 Leader Total Return. 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 gross domestic product.

Moving together with Leader Mutual Fund

  0.99LCATX Leader Total ReturnPairCorr
  0.87LCCMX Leader Short TermPairCorr
  0.61LCCIX Leader Short TermPairCorr
  0.84LCTRX Leader Total ReturnPairCorr
  0.66KNPYX Kinetics ParadigmPairCorr
  0.65WWNPX Kinetics ParadigmPairCorr
  0.65KNPCX Kinetics ParadigmPairCorr
  0.69KMKYX Kinetics Market OppoPairCorr
  0.73JUCIX Janus Global UnconstPairCorr
  0.83SIGVX Ridgeworth Seix GovePairCorr
  0.74TUHYX T Rowe PricePairCorr
  0.68BFIUX Baron FintechPairCorr
  0.61PRGFX T Rowe PricePairCorr
  0.68HSUTX Rational Defensive GrowthPairCorr
  0.61VLCAX Vanguard Large CapPairCorr
  0.67OSPPX Oppenheimer Steelpath MlpPairCorr
  0.76OOSIX Oppenheimer SeniorPairCorr
  0.63CGRIX Calamos GrowthPairCorr
  0.89MXFEX Mainstay Floating RatePairCorr
  0.65BTCFX Bitcoin Strategy ProfundPairCorr
  0.88IFRIX Voya Floating RatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Leader Mutual Fund performing well and Leader Total 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 Total'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY