Locorr Dynamic Correlations

LEQCX Fund

USD 11.86 0.01 0.08%

The current 90-days correlation between Locorr Dynamic Equity and Prudential Short Duration is 0.19 (i.e., Average diversification). The correlation of Locorr Dynamic 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 Dynamic Correlation With Market

Very poor diversification

The correlation between Locorr Dynamic Equity and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Dynamic Equity 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 Dynamic Equity. 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

1.0	LEQAX	Locorr Dynamic Equity	Pair Corr
1.0	LEQIX	Locorr Dynamic Equity	Pair Corr
0.92	NLSCX	Neuberger Berman Long	Pair Corr
0.93	NLSAX	Neuberger Berman Long	Pair Corr
0.93	NLSIX	Neuberger Berman Long	Pair Corr
0.92	QLERX	Aqr Long Short	Pair Corr
0.92	ASLAX	Ab Select Longshort	Pair Corr
0.96	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.96	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.96	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.96	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.95	KINAX	Kinetics Internet	Pair Corr
0.96	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.96	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.96	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.95	KINCX	Kinetics Internet	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.91	WWLAX	Westwood Largecap Value	Pair Corr
0.93	AMEIX	Equity Growth	Pair Corr

Moving against Locorr Mutual Fund

0.78	LCSAX	Locorr Longshort Modities	Pair Corr
0.78	LCSCX	Locorr Longshort Modities	Pair Corr
0.77	LCSIX	Locorr Longshort Modities	Pair Corr

Related Correlations Analysis

	HYSZX	VHYLX	PHDTX	ARTFX	WAYCX	QLMYTX	SGYAX
HYSZX		0.88	0.85	0.91	0.97	0.9	0.85	HYSZX
VHYLX	0.88		0.93	0.89	0.94	0.99	0.82	VHYLX
PHDTX	0.85	0.93		0.96	0.91	0.94	0.93	PHDTX
ARTFX	0.91	0.89	0.96		0.93	0.91	0.97	ARTFX
WAYCX	0.97	0.94	0.91	0.93		0.95	0.88	WAYCX
QLMYTX	0.9	0.99	0.94	0.91	0.95		0.86	QLMYTX
SGYAX	0.85	0.82	0.93	0.97	0.88	0.86		SGYAX
	HYSZX	VHYLX	PHDTX	ARTFX	WAYCX	QLMYTX	SGYAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Dynamic 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 Dynamic'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HYSZX	0.10	0.01	(0.64)	0.35	(0.20)	0.24	(0.24)	0.72
VHYLX	0.12	0.01	(0.50)	0.17	(0.19)	0.28	(0.14)	0.83
PHDTX	0.09	0.02	(0.60)	0.38	(0.15)	0.23	(0.11)	0.56
ARTFX	0.12	0.03	(0.56)	0.58	(0.21)	0.33	(0.22)	1.01
WAYCX	0.13	0.02	(0.42)	0.36	(0.22)	0.29	(0.29)	1.02
QLMYTX	0.13	0.02	(0.39)	0.33	(0.22)	0.30	(0.15)	0.90
SGYAX	0.14	0.02	(0.47)	0.44	(0.25)	0.28	(0.14)	1.28

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