Locorr Dynamic Correlations

LEQAX Fund

USD 12.87 0.03 0.23%

The current 90-days correlation between Locorr Dynamic Equity and Locorr Market Trend is 0.55 (i.e., Very weak diversification). The correlation of Locorr Dynamic 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 Dynamic Correlation With Market

Significant diversification

The correlation between Locorr Dynamic Equity and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Dynamic Equity 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 Dynamic Equity. 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

1.0	LEQCX	Locorr Dynamic Equity	Pair Corr
1.0	LEQIX	Locorr Dynamic Equity	Pair Corr
0.93	NLSCX	Neuberger Berman Long	Pair Corr
0.94	NLSAX	Neuberger Berman Long	Pair Corr
0.94	NLSIX	Neuberger Berman Long	Pair Corr
0.94	QLERX	Aqr Long Short	Pair Corr
0.61	ASLAX	Ab Select Longshort	Pair Corr
0.96	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.94	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.94	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.94	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.91	LSHUX	Horizon Spin Off	Pair Corr
0.94	EMO	Clearbridge Energy Mlp	Pair Corr
0.81	RNNEX	New Economy Fund	Pair Corr
0.86	GMAWX	Gmo Small Cap	Pair Corr
0.92	ADX	Adams Diversified Equity	Pair Corr
0.8	CAGIX	Calvert Aggressive	Pair Corr
0.94	GAB	Gabelli Equity Trust	Pair Corr
0.9	DOXGX	Dodge Cox Stock	Pair Corr

Moving against Locorr Mutual Fund

0.81	LCSCX	Locorr Longshort Modities	Pair Corr
0.8	LCSAX	Locorr Longshort Modities	Pair Corr
0.79	LCSIX	Locorr Longshort Modities	Pair Corr
0.33	DHLSX	Diamond Hill Long	Pair Corr
0.32	DIAYX	Diamond Hill Long	Pair Corr
0.34	DIAMX	Diamond Hill Long	Pair Corr

Related Correlations Analysis

	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LEQCX	LEQAX
LOTCX		1.0	1.0	0.25	0.2	0.22	0.58	0.58	-0.18	-0.18	LOTCX
LOTAX	1.0		1.0	0.26	0.22	0.23	0.55	0.55	-0.14	-0.15	LOTAX
LOTIX	1.0	1.0		0.26	0.21	0.23	0.56	0.56	-0.15	-0.15	LOTIX
LSPCX	0.25	0.26	0.26		0.97	1.0	0.15	0.15	0.25	0.24	LSPCX
LSPAX	0.2	0.22	0.21	0.97		0.97	0.01	0.01	0.39	0.38	LSPAX
LSPIX	0.22	0.23	0.23	1.0	0.97		0.12	0.11	0.28	0.27	LSPIX
LCSAX	0.58	0.55	0.56	0.15	0.01	0.12		1.0	-0.8	-0.8	LCSAX
LCSCX	0.58	0.55	0.56	0.15	0.01	0.11	1.0		-0.81	-0.81	LCSCX
LEQCX	-0.18	-0.14	-0.15	0.25	0.39	0.28	-0.8	-0.81		1.0	LEQCX
LEQAX	-0.18	-0.15	-0.15	0.24	0.38	0.27	-0.8	-0.81	1.0		LEQAX
	LOTCX	LOTAX	LOTIX	LSPCX	LSPAX	LSPIX	LCSAX	LCSCX	LEQCX	LEQAX

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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

LOTAX	+ 1.0	LOTCX
LOTIX	+ 1.0	LOTCX
LOTIX	+ 1.0	LOTAX
LSPIX	+ 1.0	LSPCX
LCSCX	+ 1.0	LCSAX
LEQAX	+ 1.0	LEQCX

High negative correlations

LEQAX	- 0.81	LCSCX
LEQCX	- 0.81	LCSCX
LEQAX	- 0.8	LCSAX
LEQCX	- 0.8	LCSAX
LEQAX	- 0.18	LOTCX
LEQCX	- 0.18	LOTCX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Dynamic 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 Dynamic'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
LOTCX	0.72	(0.09)	0.00	16.15	0.00	0.00	1.09	(1.92)	7.26
LOTAX	0.69	(0.08)	0.00	9.90	0.00	0.00	1.07	(1.99)	6.61
LOTIX	0.72	(0.09)	0.00	(29.78)	0.00	0.00	1.07	(1.89)	7.34
LSPCX	0.33	0.00	(0.19)	0.09	0.33	(0.44)	0.72	(0.70)	1.77
LSPAX	0.36	0.02	(0.17)	0.31	0.34	(0.45)	0.72	(0.71)	1.81
LSPIX	0.34	0.00	(0.18)	0.13	0.32	(0.49)	0.73	(0.72)	1.65
LCSAX	0.28	(0.11)	0.00	(2.65)	0.00	0.00	0.33	(0.56)	2.17
LCSCX	0.27	(0.10)	0.00	(3.78)	0.00	0.00	0.35	(0.57)	1.84
LEQCX	0.37	0.13	0.07	6.23	0.00	(0.47)	0.95	(0.63)	2.38
LEQAX	0.38	0.13	0.08	17.11	0.00	(0.49)	0.94	(0.66)	2.34

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