Ladenburg Income Correlations

LNOAX Fund

USD 13.68 0.01 0.07%

The current 90-days correlation between Ladenburg Income Growth and Touchstone Sands Capital is 0.39 (i.e., Weak 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

Poor diversification

The correlation between Ladenburg Income Growth and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Income Growth 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 Growth. 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 nation.

Moving together with Ladenburg Mutual Fund

0.85	LGWAX	Ladenburg Growth	Pair Corr
0.85	LGWCX	Ladenburg Growth	Pair Corr
0.84	LGWIX	Ladenburg Growth	Pair Corr
0.66	LNCAX	Ladenburg Income Fun	Pair Corr
0.65	LNCIX	Ladenburg Income Fun	Pair Corr
1.0	LNOCX	Ladenburg Income Growth	Pair Corr
1.0	LNOIX	Ladenburg Income Growth	Pair Corr
0.94	LOWAX	Ladenburg Growth Income	Pair Corr
0.95	LOWCX	Ladenburg Growth Income	Pair Corr
0.93	LOWIX	Ladenburg Growth Income	Pair Corr
0.82	LAGIX	Ladenburg Aggressive	Pair Corr
0.82	LAWCX	Ladenburg Aggressive	Pair Corr
0.82	LAWAX	Ladenburg Aggressive	Pair Corr
0.78	VWINX	Vanguard Wellesley Income	Pair Corr
0.78	VWIAX	Vanguard Wellesley Income	Pair Corr
0.87	BKMIX	Blackrock Multi Asset	Pair Corr
0.89	HBLTX	Hartford Balanced	Pair Corr
0.87	HBLRX	Hartford Balanced	Pair Corr
0.88	HBLSX	Hartford Balanced	Pair Corr
0.89	HBLVX	Hartford Balanced	Pair Corr
0.89	HBLYX	Hartford Balanced	Pair Corr
0.86	HBLCX	Hartford Balanced	Pair Corr
0.89	HBLIX	Hartford Balanced	Pair Corr
0.75	WARCX	Wells Fargo Advantage	Pair Corr
0.72	DIS	Walt Disney	Pair Corr

Moving against Ladenburg Mutual Fund

0.53	GAAGX	Gmo Alternative Allo	Pair Corr
0.52	GAAKX	Gmo Alternative Allo	Pair Corr
0.57	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.38	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	TEGCX	APDOX	FUOKX	PCUXX	LAOXX	EPEIX
TEGCX		0.22	0.76	0.0	0.0	0.94	TEGCX
APDOX	0.22		-0.09	0.0	0.0	0.27	APDOX
FUOKX	0.76	-0.09		0.0	0.0	0.64	FUOKX
PCUXX	0.0	0.0	0.0		0.0	0.0	PCUXX
LAOXX	0.0	0.0	0.0	0.0		0.0	LAOXX
EPEIX	0.94	0.27	0.64	0.0	0.0		EPEIX
	TEGCX	APDOX	FUOKX	PCUXX	LAOXX	EPEIX

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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

EPEIX	+ 0.94	TEGCX
FUOKX	+ 0.76	TEGCX
EPEIX	+ 0.64	FUOKX
EPEIX	+ 0.27	APDOX
APDOX	+ 0.22	TEGCX
PCUXX	+ 0.0	TEGCX

High negative correlations

FUOKX	- 0.09	APDOX
EPEIX	- 0.0	LAOXX
EPEIX	- 0.0	PCUXX
LAOXX	- 0.0	PCUXX
LAOXX	- 0.0	FUOKX
PCUXX	- 0.0	FUOKX

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
TEGCX	0.65	(0.05)	(0.13)	0.00	0.89	(0.67)	1.58	(1.37)	4.99
APDOX	0.15	0.02	(0.43)	0.35	0.00	(0.20)	0.39	(0.19)	1.45
FUOKX	0.66	(0.05)	(0.13)	0.03	0.84	(0.65)	1.20	(1.30)	4.32
PCUXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LAOXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPEIX	0.70	0.01	(0.10)	0.32	1.00	(0.69)	1.57	(1.61)	6.52

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