Locorr Market Correlations

Mutual Funds . USA . 
Fund . Locorr Market Trend
LOTCX Fund  USD 10.09  0.04  0.39%   
The current 90-days correlation between Locorr Market Trend and Siit Large Cap is 0.06 (i.e., Significant diversification). 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 -0.02 (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 main economic indicators.

Moving together with Locorr Mutual Fund

  1.0LOTAX Locorr Market TrendPairCorr
  1.0LOTIX Locorr Market TrendPairCorr
  0.72LEQCX Locorr Dynamic EquityPairCorr
  0.71LEQAX Locorr Dynamic EquityPairCorr
  0.71LEQIX Locorr Dynamic EquityPairCorr
  0.71LFMCX Locorr Macro StrategiesPairCorr
  0.68LFMAX Locorr Macro StrategiesPairCorr
  0.67LFMIX Locorr Macro StrategiesPairCorr
  0.74PQTAX Pimco Trends ManagedPairCorr
  0.75PQTNX Pimco Trends ManagedPairCorr
  0.88AHLPX American Beacon AhlPairCorr
  0.95AMFNX Asg Managed FuturesPairCorr
  0.94ABYCX Abbey Capital FuturesPairCorr
  0.94ABYAX Abbey Capital FuturesPairCorr
  0.94ABYIX Abbey Capital FuturesPairCorr
  0.95AMFAX Asg Managed FuturesPairCorr
  0.95ASFYX Asg Managed FuturesPairCorr
  0.67CISGX Touchstone Sands CapitalPairCorr

Moving against Locorr Mutual Fund

  0.62UGPIX Ultrachina ProfundPairCorr
  0.62UGPSX Ultrachina ProfundPairCorr
  0.5PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.79USGDX Morgan Stanley GovernmentPairCorr
  0.78HRBDX Harbor Bond FundPairCorr
  0.77VSGDX Vanguard Short TermPairCorr
  0.76EBSFX Eubel Brady SuttmanPairCorr
  0.75VICSX Vanguard Intermediate-terPairCorr
  0.74GF New Germany ClosedPairCorr
  0.71ABNOX Ab Bond InflationPairCorr
  0.7EMBAX Unconstrained EmergingPairCorr
  0.69BISMX Brandes InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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