Loomis Sayles Correlations

LIPNX Fund  USD 9.71  0.03  0.31%   
The current 90-days correlation between Loomis Sayles Inflation and Franklin Mutual Global is -0.1 (i.e., Good 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 0.13 (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

  0.95LIPRX Loomis Sayles InflationPairCorr
  0.64LSBRX Loomis Sayles BondPairCorr
  0.84LSFIX Loomis Sayles FixedPairCorr
  0.93LSGBX Loomis Sayles GlobalPairCorr
  0.93LSGNX Loomis Sayles GlobalPairCorr
  0.93LSGLX Loomis Sayles GlobalPairCorr
  0.95LSGSX Loomis Sayles InflationPairCorr
  0.98LSIGX Loomis Sayles InvestmentPairCorr
  0.88LSSAX Loomis Sayles SecuritizedPairCorr
  0.65LBFAX Loomis Sayles BondPairCorr
  1.0VIPSX Vanguard Inflation-protecPairCorr
  1.0VIPIX Vanguard Inflation-protecPairCorr
  1.0VAIPX Vanguard Inflation-protecPairCorr
  0.99FLIBX American Funds InflationPairCorr
  0.99FIBLX American Funds InflationPairCorr
  0.96BFICX American Funds InflationPairCorr
  0.95BFIAX American Funds InflationPairCorr
  0.95BFIFX American Funds InflationPairCorr
  1.0PARRX Real Return FundPairCorr
  0.99PRLPX Pimco Real ReturnPairCorr

Moving against Loomis Mutual Fund

  0.54LSMIX Loomis Sayles SmallmidPairCorr
  0.54LSMNX Loomis Sayles SmallmidPairCorr
  0.53LSCNX Loomis Sayles SmallPairCorr
  0.52LSCRX Loomis Sayles SmallPairCorr
  0.52LSSCX Loomis Sayles SmallPairCorr
  0.52LSVAX Loomis Sayles SmallPairCorr
  0.49LSSIX Loomis Sayles SmallPairCorr
  0.49LSSNX Loomis Sayles SmallPairCorr
  0.49LCGRX Loomis Sayles SmallPairCorr
  0.45LSIOX Loomis Sayles HighPairCorr
  0.4LSHIX Loomis Sayles InstitPairCorr
  0.68INPIX Internet Ultrasector Steady GrowthPairCorr
  0.68INPSX Internet Ultrasector Steady GrowthPairCorr
  0.57RYVYX Nasdaq 100 2xPairCorr
  0.55DXQLX Direxion Monthly Nasdaq Steady GrowthPairCorr
  0.54RYVLX Nasdaq 100 2x Steady GrowthPairCorr
  0.54UOPIX Ultra Nasdaq 100 Steady GrowthPairCorr
  0.54RYCCX Nasdaq 100 2x Steady GrowthPairCorr
  0.54UOPSX Ultranasdaq 100 Profund Steady GrowthPairCorr
  0.31JYHRX Jpmorgan High YieldPairCorr

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   
SGMAXWRLDX
SGMAXBXFIX
CABIXTEDIX
WRLDXBXFIX
WRLDXTEDIX
AGAZXTEDIX
  
High negative correlations   
DHGAXBXFIX
DHGAXSGMAX
AGAZXDHGAX
DHGAXWRLDX
BXFIXTEDIX

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.