Ladenburg Growth Correlations

LGWCX Fund

USD 15.76 0.03 0.19%

The current 90-days correlation between Ladenburg Growth and Transamerica Emerging Markets is 0.05 (i.e., Significant diversification). The correlation of Ladenburg Growth 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.

Ladenburg Growth Correlation With Market

Good diversification

The correlation between Ladenburg Growth and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg 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 Ladenburg 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 main economic indicators.

Moving together with Ladenburg Mutual Fund

0.66	AXP	American Express	Pair Corr
0.61	BA	Boeing	Pair Corr

Moving against Ladenburg Mutual Fund

0.57	BXEIX	Barings Emerging Markets	Pair Corr
0.57	BXEAX	Barings Emerging Markets	Pair Corr
0.51	HLDRX	Hartford Emerging	Pair Corr
0.51	HLDCX	Hartford Emerging	Pair Corr
0.51	HLDTX	Hartford Emerging	Pair Corr
0.5	HLDIX	Hartford Emerging	Pair Corr
0.5	HLDAX	Hartford Emerging	Pair Corr
0.43	BXECX	Barings Emerging Markets	Pair Corr
0.49	TRV	The Travelers Companies	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr
0.4	KO	Coca Cola	Pair Corr
0.36	MCD	McDonalds	Pair Corr
0.32	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	TEOJX	CDHIX	ZEMIX	PACEX	FEMDX	CBHAX
TEOJX		0.91	0.97	0.87	0.81	0.8	TEOJX
CDHIX	0.91		0.93	0.91	0.94	0.73	CDHIX
ZEMIX	0.97	0.93		0.85	0.85	0.7	ZEMIX
PACEX	0.87	0.91	0.85		0.9	0.8	PACEX
FEMDX	0.81	0.94	0.85	0.9		0.67	FEMDX
CBHAX	0.8	0.73	0.7	0.8	0.67		CBHAX
	TEOJX	CDHIX	ZEMIX	PACEX	FEMDX	CBHAX

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Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Growth 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 Ladenburg Growth'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
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83
CDHIX	0.68	0.11	0.13	0.11	0.83	(0.72)	1.44	(1.51)	4.90
ZEMIX	0.75	0.08	0.11	0.13	0.92	(0.83)	1.70	(1.67)	5.50
PACEX	0.12	0.02	0.47	0.48	0.00	(0.20)	0.33	(0.22)	0.76
FEMDX	0.15	0.02	0.42	0.29	0.00	(0.20)	0.42	(0.26)	1.11
CBHAX	0.19	0.03	0.37	(0.40)	0.00	(0.25)	0.36	(0.36)	1.20

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