Leader Total Correlations

LCTRX Fund

USD 11.13 0.00 0.00%

The current 90-days correlation between Leader Total Return and Growth Strategy Fund is -0.21 (i.e., Very good 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

Significant diversification

The correlation between Leader Total Return and DJI is 0.06 (i.e., Significant 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 metropolitan statistical area.

Moving together with Leader Mutual Fund

0.85	LCATX	Leader Total Return	Pair Corr
0.84	LCTIX	Leader Total Return	Pair Corr
0.67	KNPYX	Kinetics Paradigm	Pair Corr
0.68	WWNPX	Kinetics Paradigm	Pair Corr
0.67	KNPCX	Kinetics Paradigm	Pair Corr
0.72	KMKYX	Kinetics Market Oppo	Pair Corr
0.86	JUCIX	Janus Global Unconst	Pair Corr
0.91	SIGVX	Ridgeworth Seix Gove	Pair Corr
0.79	TUHYX	T Rowe Price	Pair Corr
0.67	BFIUX	Baron Fintech	Pair Corr
0.61	PRGFX	T Rowe Price	Pair Corr
0.72	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	OOSIX	Oppenheimer Senior	Pair Corr
0.75	MXFEX	Mainstay Floating Rate	Pair Corr
0.71	BTCFX	Bitcoin Strategy Profund	Pair Corr
0.83	IFRIX	Voya Floating Rate	Pair Corr
0.82	RUSIX	Rbc Ultra Short	Pair Corr

Moving against Leader Mutual Fund

0.33	MWTNX	Metropolitan West Total	Pair Corr
0.33	MWTSX	Metropolitan West Total	Pair Corr
0.33	MWTRX	Metropolitan West Total	Pair Corr
0.32	PTTPX	Pimco Total Return	Pair Corr
0.32	PTRRX	Total Return	Pair Corr
0.32	PTRAX	Total Return	Pair Corr

Related Correlations Analysis

	RALVX	RYMDX	HLEMX	BXECX	SMQFX	RYMBX
RALVX		0.82	0.61	0.52	0.51	-0.29	RALVX
RYMDX	0.82		0.21	0.27	0.29	-0.45	RYMDX
HLEMX	0.61	0.21		0.66	0.61	0.0	HLEMX
BXECX	0.52	0.27	0.66		0.85	0.11	BXECX
SMQFX	0.51	0.29	0.61	0.85		-0.05	SMQFX
RYMBX	-0.29	-0.45	0.0	0.11	-0.05		RYMBX
	RALVX	RYMDX	HLEMX	BXECX	SMQFX	RYMBX

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

SMQFX	+ 0.85	BXECX
RYMDX	+ 0.82	RALVX
BXECX	+ 0.66	HLEMX
HLEMX	+ 0.61	RALVX
SMQFX	+ 0.61	HLEMX
BXECX	+ 0.52	RALVX

High negative correlations

RYMBX	- 0.45	RYMDX
RYMBX	- 0.29	RALVX
RYMBX	- 0.05	SMQFX
RYMBX	- 0.0	HLEMX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RALVX	0.42	(0.04)	0.00	(0.31)	0.00	0.00	0.80	(0.71)	3.50
RYMDX	1.04	0.02	0.01	0.04	1.39	(1.10)	2.42	(1.76)	12.00
HLEMX	0.84	(0.35)	0.00	0.97	0.00	0.00	1.23	(1.82)	15.90
BXECX	0.18	(0.06)	0.00	(22.45)	0.00	0.00	0.26	(0.40)	1.45
SMQFX	0.60	(0.20)	0.00	(1.04)	0.00	0.00	0.81	(1.53)	5.69
RYMBX	0.74	(0.04)	0.00	(0.44)	0.00	0.00	1.61	(1.58)	4.41

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