Locorr Dynamic Correlations

LEQIX Fund

USD 12.33 0.05 0.41%

The current 90-days correlation between Locorr Dynamic Equity and Prudential Short Term Porate is 0.26 (i.e., Modest 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 0.63 (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 gross domestic product.

Moving together with Locorr Mutual Fund

0.72	LOTCX	Locorr Market Trend	Pair Corr
0.74	LOTAX	Locorr Market Trend	Pair Corr
0.71	LOTIX	Locorr Market Trend	Pair Corr
1.0	LEQCX	Locorr Dynamic Equity	Pair Corr
1.0	LEQAX	Locorr Dynamic Equity	Pair Corr
0.69	ASLAX	Ab Select Longshort	Pair Corr
0.74	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Locorr Mutual Fund

0.5	QLERX	Aqr Long Short	Pair Corr
0.72	RBOHX	Intermediate Bond	Pair Corr
0.69	PWLMX	Pimco Rae Worldwide	Pair Corr
0.64	PWLIX	Pimco Rae Worldwide	Pair Corr
0.63	ITBIX	Hartford Total	Pair Corr
0.61	PDINX	Putnam Diversified Income	Pair Corr
0.61	TGROX	Tiaa Cref Green	Pair Corr
0.34	CMDAX	Columbia Conservative	Pair Corr

Related Correlations Analysis

	PSTQX	GANPX	ATOAX	FMUUX	DMBAX	FSHAX
PSTQX		0.95	0.91	0.96	0.95	0.96	PSTQX
GANPX	0.95		0.91	0.98	1.0	0.97	GANPX
ATOAX	0.91	0.91		0.96	0.91	0.92	ATOAX
FMUUX	0.96	0.98	0.96		0.98	0.97	FMUUX
DMBAX	0.95	1.0	0.91	0.98		0.97	DMBAX
FSHAX	0.96	0.97	0.92	0.97	0.97		FSHAX
	PSTQX	GANPX	ATOAX	FMUUX	DMBAX	FSHAX

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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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSTQX	0.11	0.01	0.31	0.70	(0.15)	0.29	(0.19)	0.67
GANPX	0.06	0.00	0.23	(0.02)	(0.12)	0.10	(0.10)	0.48
ATOAX	0.02	0.00	0.00	(0.07)	0.00	0.00	0.00	0.30
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.10	0.00	0.40
DMBAX	0.06	0.00	0.29	0.03	(0.10)	0.16	(0.08)	0.31
FSHAX	0.05	0.00	0.22	(0.22)	(0.13)	0.10	(0.10)	0.51

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