Locorr Macro Correlations

Mutual Funds . USA . 
Fund . Locorr Macro Strategies
LFMCX Fund  USD 7.17  0.02  0.28%   
The current 90-days correlation between Locorr Macro Strategies and Rivernorthoaktree High Income is -0.24 (i.e., Very good diversification). The correlation of Locorr Macro 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 Macro Correlation With Market

Good diversification

The correlation between Locorr Macro Strategies and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Macro Strategies 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 Macro Strategies. 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

  0.7LHEAX Locorr Hedged CorePairCorr
  0.68LHEIX Locorr Hedged CorePairCorr
  0.68LOTCX Locorr Market TrendPairCorr
  0.69LOTAX Locorr Market TrendPairCorr
  0.69LOTIX Locorr Market TrendPairCorr
  0.99LFMAX Locorr Macro StrategiesPairCorr
  0.99LFMIX Locorr Macro StrategiesPairCorr
  0.67AHLPX American Beacon AhlPairCorr
  0.68AMFNX Asg Managed FuturesPairCorr
  0.83ABYCX Abbey Capital FuturesPairCorr
  0.84ABYAX Abbey Capital FuturesPairCorr
  0.84ABYIX Abbey Capital FuturesPairCorr
  0.67AMFAX Asg Managed FuturesPairCorr
  0.68ASFYX Asg Managed FuturesPairCorr

Moving against Locorr Mutual Fund

  0.62GIRLX Goldman Sachs InternPairCorr
  0.56VSTBX Vanguard Short TermPairCorr
  0.56SGOVX First Eagle OverseasPairCorr
  0.55CSIIX Columbia Small CapPairCorr
  0.54RTNAX Tax-managed InternationalPairCorr
  0.53MWLNX Metropolitan West LowPairCorr
  0.51SIDNX Hartford SchrodersPairCorr
  0.49PAIJX T Rowe PricePairCorr
  0.45RAMCX Short Term BondPairCorr
  0.43RAMBX Short Term BondPairCorr
  0.4ASYDX Short Duration StrategicPairCorr
  0.35FAUZX Franklin AdjustablePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Macro 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 Macro'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.

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