Leland Thomson Correlations

Mutual Funds . USA . 
Fund . Leland Thomson Reuters
LDVCX Fund  USD 23.93  0.08  0.33%   
The current 90-days correlation between Leland Thomson Reuters and Direxion Monthly Nasdaq 100 is 0.9 (i.e., Almost no diversification). The correlation of Leland Thomson 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.

Leland Thomson Correlation With Market

Significant diversification

The correlation between Leland Thomson Reuters and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leland Thomson Reuters 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 Leland Thomson Reuters. 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 main economic indicators.

Moving together with Leland Mutual Fund

  1.0LDVAX Leland Thomson ReutersPairCorr
  1.0LDVIX Axs Thomson ReutersPairCorr
  0.72FAFGX American FundsPairCorr
  0.72FFAFX American FundsPairCorr
  0.71GFACX Growth FundPairCorr
  0.76GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.74CGFFX Growth FundPairCorr
  0.71CGFCX Growth FundPairCorr
  0.75CGFAX Growth FundPairCorr
  0.75CGFEX Growth FundPairCorr
  0.75RGAEX Growth FundPairCorr
  0.83XNKGX Nuveen Georgia QualityPairCorr
  0.88XPPRX Voya Prime RatePairCorr
  0.93FXAIX Fidelity 500 IndexPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.97BBGSX Bridge Builder SmallmidPairCorr
  0.94HSUTX Rational Defensive GrowthPairCorr
  0.8ARTFX Artisan High IncomePairCorr
  0.95PGIOX Putnam Global IndustrialsPairCorr
  0.85BUSIX Sterling Capital UltraPairCorr
  0.79FULIX Federated Ultrashort BondPairCorr
  0.62PCEXX Pace Select AdvisorsPairCorr
  0.91FDGRX Fidelity Growth PanyPairCorr
  0.85DFSHX Dfa Selectively HedgedPairCorr
  0.93VIGAX Vanguard Growth IndexPairCorr
  0.96SEEGX Jpmorgan Large CapPairCorr
  0.91MSSGX Small Pany GrowthPairCorr
  0.95VWUSX Vanguard GrowthPairCorr
  0.95ELFNX Elfun Trusts ElfunPairCorr

Moving against Leland Mutual Fund

  0.41NXJ Nuveen New JerseyPairCorr
  0.39XNBHX Neuberger Berman IntPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Leland Mutual Fund performing well and Leland Thomson 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 Leland Thomson'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