Ladenburg Income Correlations
LNCCX Fund | USD 10.97 0.02 0.18% |
The current 90-days correlation between Ladenburg Income Fun and Ladenburg Growth is 0.61 (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
Average diversification
The correlation between Ladenburg Income Fundclass and DJI is 0.15 (i.e., Average 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.
Ladenburg |
Moving together with Ladenburg Mutual Fund
0.98 | LNCAX | Ladenburg Income Fun | PairCorr |
0.98 | LNCIX | Ladenburg Income Fun | PairCorr |
0.85 | FASIX | Fidelity Asset Manager | PairCorr |
0.81 | FTIWX | Fidelity Asset Manager | PairCorr |
0.83 | FTDWX | Fidelity Asset Manager | PairCorr |
0.81 | FTAWX | Fidelity Asset Manager | PairCorr |
0.78 | FIKVX | Fidelity Asset Manager | PairCorr |
0.86 | FTCWX | Fidelity Asset Manager | PairCorr |
0.91 | VASIX | Vanguard Lifestrategy | PairCorr |
0.9 | PFIPX | Strategic Asset Mana | PairCorr |
0.82 | GPBFX | Gmo E Plus | PairCorr |
0.81 | GPMFX | Guidepath Managed Futures | PairCorr |
0.63 | PQTAX | Pimco Trends Managed | PairCorr |
0.63 | PQTNX | Pimco Trends Managed | PairCorr |
0.62 | PQTIX | Aa Pimco Tr | PairCorr |
0.62 | WARCX | Wells Fargo Advantage | PairCorr |
Related Correlations Analysis
1.0 | 1.0 | 0.8 | 0.83 | 0.83 | 0.94 | LGWAX | ||
1.0 | 1.0 | 0.81 | 0.84 | 0.84 | 0.94 | LGWCX | ||
1.0 | 1.0 | 0.8 | 0.83 | 0.83 | 0.94 | LGWIX | ||
0.8 | 0.81 | 0.8 | 1.0 | 1.0 | 0.85 | LNOCX | ||
0.83 | 0.84 | 0.83 | 1.0 | 1.0 | 0.87 | LNOAX | ||
0.83 | 0.84 | 0.83 | 1.0 | 1.0 | 0.88 | LNOIX | ||
0.94 | 0.94 | 0.94 | 0.85 | 0.87 | 0.88 | LOWAX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LGWAX | 0.46 | 0.08 | (0.08) | 1.27 | 0.49 | 0.80 | 3.47 | |||
LGWCX | 0.46 | 0.08 | (0.08) | 1.36 | 0.49 | 0.79 | 3.51 | |||
LGWIX | 0.46 | 0.08 | (0.08) | 1.24 | 0.47 | 0.81 | 3.43 | |||
LNOCX | 0.29 | 0.03 | (0.26) | 0.57 | 0.27 | 0.69 | 1.53 | |||
LNOAX | 0.30 | 0.03 | (0.26) | 0.54 | 0.28 | 0.67 | 1.49 | |||
LNOIX | 0.29 | 0.03 | (0.25) | 0.61 | 0.27 | 0.67 | 1.56 | |||
LOWAX | 0.35 | 0.01 | (0.12) | 0.15 | 0.26 | 0.84 | 2.36 |