Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Growth
LGRNX Fund  USD 29.54  0.43  1.43%   
The current 90-days correlation between Loomis Sayles Growth and Loomis Sayles Growth is 1.0 (i.e., No risk reduction). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Average diversification

The correlation between Loomis Sayles Growth and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Growth 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 Loomis Sayles Growth. 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 board of governors.

Moving together with Loomis Mutual Fund

  0.7LGBCX Loomis Sayles InvestmentPairCorr
  0.63LGBNX Loomis Sayles InvestmentPairCorr
  0.89LGMAX Loomis Sayles GlobalPairCorr
  0.86LGMCX Loomis Sayles GlobalPairCorr
  0.86LGMNX Loomis Sayles GlobalPairCorr
  0.99LGRCX Loomis Sayles GrowthPairCorr
  1.0LGRRX Loomis Sayles GrowthPairCorr
  0.69VNSYX Vaughan Nelson SelectPairCorr
  0.7VNSCX Vaughan Nelson SelectPairCorr
  0.69VNSAX Vaughan Nelson SelectPairCorr
  0.69VNSNX Vaughan Nelson SelectPairCorr
  0.77VNVCX Vaughan Nelson ValuePairCorr
  0.77VNVAX Vaughan Nelson ValuePairCorr
  0.68NRFYX Aew Real EstatePairCorr
  0.84NSFHX Natixis SustainablePairCorr
  0.73VSCNX Vaughan Nelson SmallPairCorr
  0.75ESGCX Mirova Global SustainablePairCorr
  0.64NERNX Loomis Sayles EPairCorr
  1.0LSGRX Loomis Sayles GrowthPairCorr
  0.86LSWWX Loomis Sayles GlobalPairCorr
  0.68MGGNX Mirova Global GreenPairCorr
  0.64GATEX Gateway Fund ClassPairCorr
  0.79GTECX Gateway Fund ClassPairCorr
  0.63GTENX Gateway Fund ClassPairCorr
  0.74GTEYX Gateway Fund ClassPairCorr
  0.86FAFGX American FundsPairCorr
  0.86FFAFX American FundsPairCorr
  0.86GFACX Growth FundPairCorr
  0.94GFAFX Growth FundPairCorr
  0.86CGFFX Growth FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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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