Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles International
LIGYX Fund  USD 10.77  0.26  2.36%   
The current 90-days correlation between Loomis Sayles Intern and Virtus Emerging Markets is 0.71 (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 manufacturing.

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
  1.0LIGGX Loomis Sayles InternPairCorr
  1.0LIGNX Loomis Sayles InternPairCorr
  0.82NRCFX Aew Real EstatePairCorr
  0.82NRFAX Aew Real EstatePairCorr
  0.82NRFNX Aew Real EstatePairCorr
  0.82NRFYX Aew Real EstatePairCorr
  0.81NSFLX Natixis SustainablePairCorr
  0.82NSFKX Natixis SustainablePairCorr
  0.77NSFJX Natixis SustainablePairCorr

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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