Leader Total Correlations

LCTRX Fund

USD 11.13 0.01 0.09%

The current 90-days correlation between Leader Total Return and Leader Total Return is 0.94 (i.e., Almost no diversification). The correlation of Leader Total 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leader Total Return. 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 Leader Mutual Fund

0.99	LCATX	Leader Total Return	Pair Corr
0.92	LCCMX	Leader Short Term	Pair Corr
0.77	LCCIX	Leader Short Term	Pair Corr
1.0	LCTIX	Leader Total Return	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.71	VINIX	Vanguard Institutional	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.74	VEXMX	Vanguard Extended Market	Pair Corr
0.75	AMGCX	Alger Midcap Growth	Pair Corr
0.8	CLM	Cornerstone Strategic	Pair Corr
0.68	ADNAX	American Beacon Ark	Pair Corr
0.72	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.72	LMUSX	Qs Large Cap	Pair Corr
0.72	USTCX	Science Technology	Pair Corr

Moving against Leader Mutual Fund

0.69	MWTNX	Metropolitan West Total	Pair Corr
0.69	MWTIX	Metropolitan West Total	Pair Corr
0.69	MWTRX	Metropolitan West Total	Pair Corr
0.68	MWTSX	Metropolitan West Total	Pair Corr
0.67	PTTPX	Pimco Total Return	Pair Corr
0.66	PTRRX	Total Return	Pair Corr
0.66	PTRAX	Total Return	Pair Corr
0.62	DODIX	Dodge Income	Pair Corr
0.59	PTTRX	Total Return	Pair Corr
0.59	FIWGX	Strategic Advisers	Pair Corr
0.65	VTISX	Vanguard Total Inter	Pair Corr
0.65	VTSNX	Vanguard Total Inter	Pair Corr
0.65	VTPSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	LCATX	LCCMX	LCCIX	LCTRX
LCATX		0.9	0.76	0.99	LCATX
LCCMX	0.9		0.88	0.92	LCCMX
LCCIX	0.76	0.88		0.77	LCCIX
LCTRX	0.99	0.92	0.77		LCTRX
	LCATX	LCCMX	LCCIX	LCTRX

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Risk-Adjusted Indicators

There is a big difference between Leader Mutual Fund performing well and Leader Total 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 Leader Total'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
LCATX	0.05	0.00	(0.15)	(0.68)	0.00	(0.19)	0.09	(0.09)	0.86
LCCMX	0.10	0.03	0.01	1.11	0.00	(0.23)	0.24	(0.12)	1.96
LCCIX	0.12	0.00	(0.02)	0.17	0.40	(0.21)	0.24	(0.12)	3.70
LCTRX	0.04	0.00	(0.13)	0.00	0.00	(0.19)	0.09	(0.09)	0.72

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Leader Total Correlations

Moving together with Leader Mutual Fund

Moving against Leader Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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