Ladenburg Income Correlations

LNCCX Fund

USD 11.02 0.02 0.18%

The current 90-days correlation between Ladenburg Income Fun and Ladenburg Growth Income is 0.78 (i.e., Poor diversification). The correlation of Ladenburg Income 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.

Ladenburg Income Correlation With Market

Very weak diversification

The correlation between Ladenburg Income Fundclass and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Income Fundclass 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 Ladenburg Income Fundclass. 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 main economic indicators.

Moving together with Ladenburg Mutual Fund

0.98	LNCAX	Ladenburg Income Fun	Pair Corr
0.98	LNCIX	Ladenburg Income Fun	Pair Corr
0.85	FASIX	Fidelity Asset Manager	Pair Corr
0.87	FTIWX	Fidelity Asset Manager	Pair Corr
0.89	FTDWX	Fidelity Asset Manager	Pair Corr
0.87	FTAWX	Fidelity Asset Manager	Pair Corr
0.84	FIKVX	Fidelity Asset Manager	Pair Corr
0.92	FTCWX	Fidelity Asset Manager	Pair Corr
0.96	VASIX	Vanguard Lifestrategy	Pair Corr
0.92	PFIPX	Strategic Asset Mana	Pair Corr
0.79	XDSMX	Dreyfus Strategic	Pair Corr
0.82	XNXJX	Nuveen New Jersey	Pair Corr
0.73	NXJ	Nuveen New Jersey	Pair Corr
0.82	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Ladenburg Mutual Fund

0.59

XNKGX

Nuveen Georgia Quality

Pair Corr

Related Correlations Analysis

	LOWAX	LOWCX	LOWIX	LGWAX	LGWCX	LGWIX	LAGIX	LAWCX	LAWAX
LOWAX		1.0	1.0	0.98	0.98	0.98	0.97	0.97	0.97	LOWAX
LOWCX	1.0		1.0	0.97	0.97	0.97	0.96	0.96	0.96	LOWCX
LOWIX	1.0	1.0		0.98	0.98	0.98	0.97	0.97	0.97	LOWIX
LGWAX	0.98	0.97	0.98		1.0	1.0	1.0	1.0	1.0	LGWAX
LGWCX	0.98	0.97	0.98	1.0		1.0	1.0	1.0	1.0	LGWCX
LGWIX	0.98	0.97	0.98	1.0	1.0		1.0	1.0	1.0	LGWIX
LAGIX	0.97	0.96	0.97	1.0	1.0	1.0		1.0	1.0	LAGIX
LAWCX	0.97	0.96	0.97	1.0	1.0	1.0	1.0		1.0	LAWCX
LAWAX	0.97	0.96	0.97	1.0	1.0	1.0	1.0	1.0		LAWAX
	LOWAX	LOWCX	LOWIX	LGWAX	LGWCX	LGWIX	LAGIX	LAWCX	LAWAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Income 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 Ladenburg Income's 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LOWAX	0.35	0.01	(0.11)	0.15	0.26	(0.40)	0.84	(0.66)	2.36
LOWCX	0.35	0.01	(0.12)	0.14	0.26	(0.39)	0.86	(0.67)	2.30
LOWIX	0.35	0.01	(0.12)	0.15	0.26	(0.40)	0.83	(0.65)	2.35
LGWAX	0.44	0.03	(0.02)	0.17	0.32	(0.50)	0.80	(0.71)	3.47
LGWCX	0.44	0.02	(0.02)	0.16	0.33	(0.48)	0.79	(0.73)	3.51
LGWIX	0.43	0.03	(0.02)	0.17	0.31	(0.49)	0.81	(0.71)	3.43
LAGIX	0.48	0.03	0.02	0.17	0.34	(0.55)	0.91	(0.70)	3.98
LAWCX	0.48	0.03	0.01	0.17	0.36	(0.55)	0.91	(0.72)	4.00
LAWAX	0.48	0.03	0.02	0.17	0.34	(0.56)	0.91	(0.69)	4.00

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