Locorr Dynamic Correlations

LEQCX Fund

USD 11.02 0.05 0.46%

The current 90-days correlation between Locorr Dynamic Equity and Gabelli Global Financial is 0.08 (i.e., Significant 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

Poor diversification

The correlation between Locorr Dynamic Equity and DJI is 0.62 (i.e., Poor 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 main economic indicators.

Moving together with Locorr Mutual Fund

0.73	LOTCX	Locorr Market Trend	Pair Corr
0.74	LOTAX	Locorr Market Trend	Pair Corr
0.72	LOTIX	Locorr Market Trend	Pair Corr
1.0	LEQAX	Locorr Dynamic Equity	Pair Corr
1.0	LEQIX	Locorr Dynamic Equity	Pair Corr
0.68	ASLAX	Ab Select Longshort	Pair Corr
0.75	SMPIX	Semiconductor Ultrasector	Pair Corr
0.71	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Locorr Mutual Fund

0.52	QLERX	Aqr Long Short	Pair Corr
0.74	RBOHX	Intermediate Bond	Pair Corr
0.71	PWLMX	Pimco Rae Worldwide	Pair Corr
0.66	PWLIX	Pimco Rae Worldwide	Pair Corr
0.65	ITBIX	Hartford Total	Pair Corr
0.63	PDINX	Putnam Diversified Income	Pair Corr
0.63	TGROX	Tiaa Cref Green	Pair Corr
0.36	CMDAX	Columbia Conservative	Pair Corr

Related Correlations Analysis

	GCFSX	ICFAX	XFINX	MSVIX	RMBLX	PGFMX	FIKBX
GCFSX		0.08	0.45	-0.09	0.18	0.9	0.39	GCFSX
ICFAX	0.08		0.44	0.81	0.88	0.36	0.88	ICFAX
XFINX	0.45	0.44		0.45	0.59	0.55	0.64	XFINX
MSVIX	-0.09	0.81	0.45		0.85	0.19	0.8	MSVIX
RMBLX	0.18	0.88	0.59	0.85		0.46	0.92	RMBLX
PGFMX	0.9	0.36	0.55	0.19	0.46		0.61	PGFMX
FIKBX	0.39	0.88	0.64	0.8	0.92	0.61		FIKBX
	GCFSX	ICFAX	XFINX	MSVIX	RMBLX	PGFMX	FIKBX

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

FIKBX	+ 0.92	RMBLX
PGFMX	+ 0.9	GCFSX
RMBLX	+ 0.88	ICFAX
FIKBX	+ 0.88	ICFAX
RMBLX	+ 0.85	MSVIX
MSVIX	+ 0.81	ICFAX

High negative correlations

MSVIX

- 0.09

GCFSX

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
GCFSX	0.75	0.04	0.07	(0.41)	1.04	(0.76)	1.80	(2.41)	4.68
ICFAX	0.83	(0.04)	0.00	(0.08)	0.00	0.00	1.32	(2.10)	3.93
XFINX	0.14	(0.02)	0.00	0.36	0.00	0.00	0.28	(0.64)	1.27
MSVIX	0.99	(0.18)	0.00	(0.22)	0.00	0.00	1.60	(2.19)	10.85
RMBLX	1.15	(0.13)	0.00	(0.16)	0.00	0.00	2.20	(3.09)	6.78
PGFMX	0.39	(0.03)	0.00	0.16	0.00	0.00	0.85	(0.86)	2.21
FIKBX	0.91	(0.03)	0.00	(0.07)	0.00	0.00	1.73	(2.69)	6.29

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