Locorr Market Correlations

LOTAX Fund

USD 10.77 0.03 0.28%

The correlation of Locorr Market 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.

Locorr Market Correlation With Market

Good diversification

The correlation between Locorr Market Trend and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Market Trend 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 Locorr Market Trend. 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 Locorr Mutual Fund

1.0	LOTCX	Locorr Market Trend	Pair Corr
1.0	LOTIX	Locorr Market Trend	Pair Corr
0.71	LEQCX	Locorr Dynamic Equity	Pair Corr
0.7	LEQAX	Locorr Dynamic Equity	Pair Corr
0.7	LEQIX	Locorr Dynamic Equity	Pair Corr
0.71	LFMCX	Locorr Macro Strategies	Pair Corr
0.69	LFMAX	Locorr Macro Strategies	Pair Corr
0.68	LFMIX	Locorr Macro Strategies	Pair Corr
0.72	PQTAX	Pimco Trends Managed	Pair Corr
0.72	PQTNX	Pimco Trends Managed	Pair Corr
0.86	AHLPX	American Beacon Ahl	Pair Corr
0.95	AMFNX	Asg Managed Futures	Pair Corr
0.94	ABYCX	Abbey Capital Futures	Pair Corr
0.94	ABYAX	Abbey Capital Futures	Pair Corr
0.94	ABYIX	Abbey Capital Futures	Pair Corr
0.95	AMFAX	Asg Managed Futures	Pair Corr
0.94	ASFYX	Asg Managed Futures	Pair Corr
0.67	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Locorr Mutual Fund

0.59	UGPIX	Ultrachina Profund	Pair Corr
0.59	UGPSX	Ultrachina Profund	Pair Corr
0.47	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.78	USGDX	Morgan Stanley Government	Pair Corr
0.76	HRBDX	Harbor Bond Fund	Pair Corr
0.75	VSGDX	Vanguard Short Term	Pair Corr
0.74	EBSFX	Eubel Brady Suttman	Pair Corr
0.73	VICSX	Vanguard Intermediate-ter	Pair Corr
0.71	GF	New Germany Closed	Pair Corr
0.68	ABNOX	Ab Bond Inflation	Pair Corr
0.67	EMBAX	Unconstrained Emerging	Pair Corr
0.67	BISMX	Brandes International	Pair Corr

Related Correlations Analysis

	PMDDX	PSBMX	OWSMX	ESCIX	CCMSX	LMBMX	GMAPX
PMDDX		0.96	0.8	0.51	0.0	0.93	0.93	PMDDX
PSBMX	0.96		0.78	0.56	0.0	0.98	0.99	PSBMX
OWSMX	0.8	0.78		0.68	0.0	0.76	0.73	OWSMX
ESCIX	0.51	0.56	0.68		0.0	0.52	0.54	ESCIX
CCMSX	0.0	0.0	0.0	0.0		0.0	0.0	CCMSX
LMBMX	0.93	0.98	0.76	0.52	0.0		0.99	LMBMX
GMAPX	0.93	0.99	0.73	0.54	0.0	0.99		GMAPX
	PMDDX	PSBMX	OWSMX	ESCIX	CCMSX	LMBMX	GMAPX

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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

GMAPX	+ 0.99	PSBMX
GMAPX	+ 0.99	LMBMX
LMBMX	+ 0.98	PSBMX
PSBMX	+ 0.96	PMDDX
LMBMX	+ 0.93	PMDDX
GMAPX	+ 0.93	PMDDX

High negative correlations

GMAPX	- 0.0	CCMSX
LMBMX	- 0.0	CCMSX
CCMSX	- 0.0	ESCIX
CCMSX	- 0.0	OWSMX
CCMSX	- 0.0	PSBMX
CCMSX	- 0.0	PMDDX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Market 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 Locorr Market'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PMDDX	0.82	(0.08)	(0.16)	1.31	(1.78)	3.94
PSBMX	1.01	(0.14)	(0.21)	1.64	(2.32)	5.36
OWSMX	0.67	(0.06)	(0.17)	1.19	(1.37)	3.89
ESCIX	0.75	0.00	(0.07)	1.87	(2.03)	4.56
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00
LMBMX	1.05	(0.16)	(0.20)	1.96	(2.70)	5.60
GMAPX	0.99	(0.12)	(0.18)	1.80	(2.81)	5.33

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