Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Bond
LSBRX Fund  USD 11.85  0.02  0.17%   
The current 90-days correlation between Loomis Sayles Bond and Metropolitan West Total is 0.89 (i.e., Very poor diversification). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Modest diversification

The correlation between Loomis Sayles Bond and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Bond 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 Loomis Sayles Bond. 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 metropolitan statistical area.

Moving together with Loomis Mutual Fund

  0.99LIPNX Loomis Sayles InflationPairCorr
  0.98LIPRX Loomis Sayles InflationPairCorr
  1.0LSBDX Loomis Sayles BondPairCorr
  1.0LSBNX Loomis Sayles BondPairCorr
  1.0LSFIX Loomis Sayles FixedPairCorr
  0.94LSGBX Loomis Sayles GlobalPairCorr
  0.88LSHIX Loomis Sayles InstitPairCorr
  0.94LSGNX Loomis Sayles GlobalPairCorr
  0.94LSGLX Loomis Sayles GlobalPairCorr
  0.99LSGSX Loomis Sayles InflationPairCorr
  0.98LSIGX Loomis Sayles InvestmentPairCorr
  0.89LSIOX Loomis Sayles HighPairCorr
  0.98LSSAX Loomis Sayles SecuritizedPairCorr
  1.0LBFAX Loomis Sayles BondPairCorr
  0.97PONAX Pimco IncomePairCorr
  0.97PONCX Pimco IncomePairCorr
  0.97PIPNX Pimco IncomePairCorr
  0.97PONRX Pimco IncomePairCorr
  0.97PONPX Pimco Incme FundPairCorr
  0.97PIINX Pimco IncomePairCorr
  0.97PIMIX Pimco IncomePairCorr
  0.76LBNDX Lord Abbett BondPairCorr
  0.75FSTAX Fidelity Advisor StrPairCorr
  0.76FSRIX Fidelity Advisor StrPairCorr
  0.78FSMMX Fs Multi StrategyPairCorr
  0.93BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr

Moving against Loomis Mutual Fund

  0.69LSSIX Loomis Sayles SmallPairCorr
  0.69LSSNX Loomis Sayles SmallPairCorr
  0.63LSCNX Loomis Sayles SmallPairCorr
  0.63LSCRX Loomis Sayles SmallPairCorr
  0.63LSSCX Loomis Sayles SmallPairCorr
  0.62LSVAX Loomis Sayles SmallPairCorr
  0.49LSMIX Loomis Sayles SmallmidPairCorr
  0.49LSMNX Loomis Sayles SmallmidPairCorr
  0.69LCGRX Loomis Sayles SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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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