Locorr Long/short Correlations

LCSAX Fund

USD 9.14 0.04 0.44%

The current 90-days correlation between Locorr Longshort Modities and Aqr Managed Futures is 0.37 (i.e., Weak diversification). The correlation of Locorr Long/short 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 Long/short Correlation With Market

Significant diversification

The correlation between Locorr Longshort Modities and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Longshort Modities 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 Longshort Modities. 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

0.64	LOTCX	Locorr Market Trend	Pair Corr
0.62	LOTAX	Locorr Market Trend	Pair Corr
0.64	AMFNX	Asg Managed Futures	Pair Corr
0.76	AMFAX	Asg Managed Futures	Pair Corr
0.65	ASFYX	Asg Managed Futures	Pair Corr
0.92	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.75	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.91	KO	Coca Cola Sell-off Trend	Pair Corr

Moving against Locorr Mutual Fund

0.88	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.88	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.88	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.88	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.88	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.86	KINCX	Kinetics Internet	Pair Corr
0.8	AMEIX	Equity Growth	Pair Corr
0.78	LEQCX	Locorr Dynamic Equity	Pair Corr
0.77	LETRX	Voya Russia Fund	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.79	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.78	SAGAX	Ridgeworth Innovative	Pair Corr
0.78	WMT	Walmart Aggressive Push	Pair Corr
0.77	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.76	AMGIX	Income Growth	Pair Corr
0.73	DIS	Walt Disney Aggressive Push	Pair Corr
0.64	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.62	MLMAX	Global E Portfolio	Pair Corr
0.54	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.51	GAPIX	Goldman Sachs Equity	Pair Corr
0.47	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	AQMRX	PQTAX	PQTNX	AHLPX	ABYAX	AMFAX	ASFYX
AQMRX		0.39	0.39	0.53	0.39	0.41	0.38	AQMRX
PQTAX	0.39		1.0	0.74	0.95	0.77	0.85	PQTAX
PQTNX	0.39	1.0		0.73	0.94	0.77	0.84	PQTNX
AHLPX	0.53	0.74	0.73		0.77	0.5	0.65	AHLPX
ABYAX	0.39	0.95	0.94	0.77		0.83	0.94	ABYAX
AMFAX	0.41	0.77	0.77	0.5	0.83		0.89	AMFAX
ASFYX	0.38	0.85	0.84	0.65	0.94	0.89		ASFYX
	AQMRX	PQTAX	PQTNX	AHLPX	ABYAX	AMFAX	ASFYX

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Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Long/short 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 Long/short'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
AQMRX	0.41	(0.02)	(0.17)	0.05	0.56	(0.39)	0.81	(0.81)	2.54
PQTAX	0.48	0.00	0.00	0.17	0.00	0.00	0.82	(1.09)	2.35
PQTNX	0.48	(0.01)	0.00	0.32	0.00	0.00	0.81	(1.07)	2.31
AHLPX	0.48	(0.01)	0.00	0.69	0.00	0.00	1.03	(0.92)	3.44
ABYAX	0.39	(0.01)	0.00	1.35	0.00	0.00	0.65	(0.82)	2.15
AMFAX	0.41	(0.08)	0.00	(0.11)	0.00	0.00	0.79	(0.92)	2.43
ASFYX	0.42	(0.03)	0.00	(0.61)	0.00	0.00	0.70	(0.90)	2.29

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