Loomis Sayles Correlations

LIPNX Fund  USD 9.71  0.01  0.10%   
The current 90-days correlation between Loomis Sayles Inflation and T Rowe Price is 0.13 (i.e., Average 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

Significant diversification

The correlation between Loomis Sayles Inflation and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Inflation 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 Inflation. 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

  1.0LIPRX Loomis Sayles InflationPairCorr
  0.72LSBDX Loomis Sayles BondPairCorr
  0.71LSBNX Loomis Sayles BondPairCorr
  0.75LSBRX Loomis Sayles BondPairCorr
  0.82LSFIX Loomis Sayles FixedPairCorr
  0.94LSGNX Loomis Sayles GlobalPairCorr
  0.97LSGLX Loomis Sayles GlobalPairCorr
  1.0LSGSX Loomis Sayles InflationPairCorr
  0.93LSIGX Loomis Sayles InvestmentPairCorr
  0.95LSSAX Loomis Sayles SecuritizedPairCorr
  0.75LBFAX Loomis Sayles BondPairCorr
  1.0VIPSX Vanguard Inflation-protecPairCorr
  0.96VIPIX Vanguard Inflation-protecPairCorr
  0.95VAIPX Vanguard Inflation-protecPairCorr
  0.99FLIBX American Funds InflationPairCorr
  0.99FIBLX American Funds InflationPairCorr
  0.96BFICX American Funds InflationPairCorr
  0.96BFIAX American Funds InflationPairCorr
  0.96BFIFX American Funds InflationPairCorr
  0.96PARRX Real Return FundPairCorr
  0.96PRLPX Pimco Real ReturnPairCorr

Moving against Loomis Mutual Fund

  0.54LSMIX Loomis Sayles SmallmidPairCorr
  0.54LSMNX Loomis Sayles SmallmidPairCorr
  0.53LSIOX Loomis Sayles HighPairCorr
  0.52LSCRX Loomis Sayles SmallPairCorr
  0.5LSCNX Loomis Sayles SmallPairCorr
  0.5LSSCX Loomis Sayles SmallPairCorr
  0.46LSHIX Loomis Sayles InstitPairCorr
  0.64SMPIX Semiconductor UltrasectorPairCorr
  0.6SMPSX Semiconductor UltrasectorPairCorr
  0.56RSNRX Victory Global NaturalPairCorr
  0.55RGNCX Victory Global NaturalPairCorr
  0.49LSSIX Loomis Sayles SmallPairCorr
  0.49LCGRX Loomis Sayles SmallPairCorr
  0.47LSSNX Loomis Sayles SmallPairCorr
  0.75LSHUX Horizon Spin OffPairCorr
  0.75LSHAX Horizon Spin OffPairCorr
  0.71CLM Cornerstone StrategicPairCorr
  0.6PRUFX T Rowe PricePairCorr

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   
GSYPXDSCPX
GSYPXUSCAX
USCAXDSCPX
LBDRXPRDMX
DSCPXPRDMX
DSCPXLBDRX
  
High negative correlations   
FZABXLBDRX
FZABXPRDMX
GSYPXFZABX
FZABXDSCPX
FZABXUSCAX
TBDQXFZABX

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.