Loomis Sayles Correlations

LIPNX Fund  USD 9.71  0.03  0.31%   
The current 90-days correlation between Loomis Sayles Inflation and Qs Large Cap is 0.02 (i.e., Significant 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 Inflation and DJI is 0.11 (i.e., Average 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
  0.64LSBDX Loomis Sayles BondPairCorr
  0.69LSBRX Loomis Sayles BondPairCorr
  0.85LSFIX Loomis Sayles FixedPairCorr
  0.95LSGNX Loomis Sayles GlobalPairCorr
  0.95LSSAX Loomis Sayles SecuritizedPairCorr
  1.0VIPSX Vanguard Inflation-protecPairCorr
  1.0VIPIX Vanguard Inflation-protecPairCorr
  1.0VAIPX Vanguard Inflation-protecPairCorr
  0.94FLIBX American Funds InflationPairCorr
  0.94FIBLX American Funds InflationPairCorr
  0.99BFICX American Funds InflationPairCorr
  0.99BFIAX American Funds InflationPairCorr
  0.99BFIFX American Funds InflationPairCorr
  1.0PARRX Real Return FundPairCorr
  0.95PRLPX Pimco Real ReturnPairCorr

Moving against Loomis Mutual Fund

  0.51LSIOX Loomis Sayles HighPairCorr
  0.51LSVAX Loomis Sayles SmallPairCorr
  0.5LSCRX Loomis Sayles SmallPairCorr
  0.5LSSCX Loomis Sayles SmallPairCorr
  0.49LCGRX Loomis Sayles SmallPairCorr
  0.48LSSIX Loomis Sayles SmallPairCorr
  0.48LSSNX Loomis Sayles SmallPairCorr
  0.46LSHIX Loomis Sayles InstitPairCorr
  0.68FRBAX Regional BankPairCorr
  0.67INPIX Internet Ultrasector Steady GrowthPairCorr
  0.67INPSX Internet Ultrasector Steady GrowthPairCorr
  0.6RYVYX Nasdaq 100 2x Steady GrowthPairCorr
  0.59PRCOX T Rowe PricePairCorr
  0.57DXQLX Direxion Monthly Nasdaq Steady GrowthPairCorr
  0.56RYVLX Nasdaq 100 2x Steady GrowthPairCorr
  0.56UOPIX Ultra Nasdaq 100 Steady GrowthPairCorr
  0.56RYCCX Nasdaq 100 2x Steady GrowthPairCorr
  0.56UOPSX Ultranasdaq 100 Profund Steady GrowthPairCorr
  0.36JYHRX Jpmorgan High YieldPairCorr
  0.33FSDIX Fidelity StrategicPairCorr

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.