Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles International
LIGGX Fund  USD 10.74  0.27  2.45%   
The current 90-days correlation between Loomis Sayles Intern and Furyax is 0.63 (i.e., Poor diversification). 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

Poor diversification

The correlation between Loomis Sayles International 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 Loomis Sayles International 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 International. 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 price.

Moving together with Loomis Mutual Fund

  0.65NOANX Natixis OakmarkPairCorr
  0.61GCPAX Gateway Equity CallPairCorr
  0.62GCPNX Gateway Equity CallPairCorr
  0.62GCPYX Gateway Equity CallPairCorr
  0.76LGMAX Loomis Sayles GlobalPairCorr
  0.75LGMCX Loomis Sayles GlobalPairCorr
  0.77LGMNX Loomis Sayles GlobalPairCorr
  1.0LIGCX Loomis Sayles InternPairCorr
  1.0LIGNX Loomis Sayles InternPairCorr
  1.0LIGYX Loomis Sayles InternPairCorr
  0.82NRCFX Aew Real EstatePairCorr
  0.82NRFAX Aew Real EstatePairCorr
  0.82NRFNX Aew Real EstatePairCorr
  0.82NRFYX Aew Real EstatePairCorr
  0.82NSFLX Natixis SustainablePairCorr
  0.83NSFKX Natixis SustainablePairCorr
  0.77NSFJX Natixis SustainablePairCorr

Related Correlations Analysis

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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   
ABVCX
+ 0.93
FURYAX
CPUCX
+ 0.88
RTIUX
FUHKBX
+ 0.8
FURYAX
ABVCX
+ 0.67
FLAKQX
FUHKBX
+ 0.65
ABVCX
FLAKQX
+ 0.63
FURYAX
  
High negative correlations   
CPUCX
- 0.44
FUHKBX
FUHKBX
- 0.33
RTIUX
CPUCX
- 0.14
FURYAX
RTIUX
- 0.01
FURYAX

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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