Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Investment
LIGRX Fund  USD 9.84  0.01  0.10%   
The current 90-days correlation between Loomis Sayles Investment and Pace Large Value is 0.27 (i.e., Modest 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

Average diversification

The correlation between Loomis Sayles Investment and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Investment 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 Investment. 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 metropolitan statistical area.

Moving together with Loomis Mutual Fund

  0.9NOICX Natixis Oakmark IntePairCorr
  0.9NOIYX Natixis Oakmark IntlPairCorr
  0.93LGANX Loomis Sayles LimitedPairCorr
  1.0LGBCX Loomis Sayles InvestmentPairCorr
  1.0LGBNX Loomis Sayles InvestmentPairCorr
  1.0LIGAX Loomis Sayles InvestmentPairCorr
  0.63NRCFX Aew Real EstatePairCorr
  0.65NRFAX Aew Real EstatePairCorr
  0.65NRFNX Aew Real EstatePairCorr

Moving against Loomis Mutual Fund

  0.81AMFAX Asg Managed FuturesPairCorr
  0.78AMFNX Asg Managed FuturesPairCorr
  0.58VNSYX Vaughan Nelson SelectPairCorr
  0.5LGRCX Loomis Sayles GrowthPairCorr
  0.5LGRNX Loomis Sayles GrowthPairCorr
  0.5LGRRX Loomis Sayles GrowthPairCorr
  0.37GCPCX Gateway Equity CallPairCorr
  0.35GCPAX Gateway Equity CallPairCorr
  0.59VNSCX Vaughan Nelson SelectPairCorr
  0.58VNSAX Vaughan Nelson SelectPairCorr
  0.58VNSNX Vaughan Nelson SelectPairCorr
  0.55VNVYX Vaughan Nelson ValuePairCorr
  0.54VNVCX Vaughan Nelson ValuePairCorr
  0.54VNVNX Vaughan Nelson ValuePairCorr
  0.82ASFCX Asg Managed FuturesPairCorr
  0.81ASFYX Asg Managed FuturesPairCorr

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   
PAVLX
+ 0.97
PCLVX
PAVLX
+ 0.89
TRCPX
TRCPX
+ 0.81
PCLVX
ANVIX
+ 0.77
TRCPX
GMLVX
+ 0.71
PCLVX
ANVIX
+ 0.68
PAVLX
  
High negative correlations   
ANVIX
- 0.19
CMIFX

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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