Logan Circle Correlations

Mutual Funds . USA . 
Fund . Logan Circle Partners
LPCIX Fund  USD 8.65  0.02  0.23%   
The current 90-days correlation between Logan Circle Partners and Gmo Global Equity is -0.03 (i.e., Good diversification). The correlation of Logan Circle 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.

Logan Circle Correlation With Market

Average diversification

The correlation between Logan Circle Partners and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Logan Circle Partners 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 Logan Circle Partners. 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 gross domestic product.

Moving together with Logan Mutual Fund

  0.97LPCYX Logan Circle PartnersPairCorr
  0.95VBTLX Vanguard Total BondPairCorr
  0.99VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.99FBOFX American FundsPairCorr
  0.99FFBOX American FundsPairCorr
  0.99BFAFX Bond FundPairCorr
  0.99ABNDX Bond FundPairCorr
  0.87BRUFX Bruce Fund BrucePairCorr
  0.94REBBX Intermediate BondPairCorr
  0.86FSULTX FsultxPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.81WIEFX Walden InternationalPairCorr
  0.99GCFCX Goldman Sachs EPairCorr
  0.83CIUEX Six Circles InternationalPairCorr
  0.87VBIRX Vanguard Short TermPairCorr
  0.82QLMYTX Legg Mason PartnersPairCorr
  0.83COSSX Columbia Overseas ValuePairCorr
  0.99PIOIX Principal Fds IncincomePairCorr
  0.77CFAMX Short Term BondPairCorr
  0.92FPNIX Fpa New IncomePairCorr
  0.8LPXIX Cohen Steers LowPairCorr
  0.94HWDFX Hartford WorldPairCorr
  0.95RRFAX Federated Real ReturnPairCorr
  0.96PRIPX T Rowe PricePairCorr
  0.9PRVHX Versatile Bond PortfolioPairCorr
  0.68AOUIX Angel Oak UltrashortPairCorr
  0.82JAOSX Janus OverseasPairCorr
  0.73RPOIX T Rowe PricePairCorr

Moving against Logan Mutual Fund

  0.69GUMPX Guggenheim Market NeutralPairCorr

Related Correlations Analysis

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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   
BPGSX
+ 0.84
QGMIX
BPGSX
+ 0.82
GMADX
ARECX
+ 0.71
GMADX
CBSYX
+ 0.66
ARECX
ARECX
+ 0.64
BPGSX
QGMIX
+ 0.52
GMADX
  
High negative correlations   
RGNCX
- 0.58
QGMIX
RGNCX
- 0.45
BPGSX
CBSYX
- 0.17
QGMIX
RGNCX
- 0.16
GMADX

Risk-Adjusted Indicators

There is a big difference between Logan Mutual Fund performing well and Logan Circle 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 Logan Circle'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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