Ladenburg Growth Correlations

Mutual Funds . USA . 
Fund . Ladenburg Growth
LGWAX Fund  USD 19.07  0.04  0.21%   
The current 90-days correlation between Ladenburg Growth and Baron Health Care is 0.66 (i.e., Poor diversification). The correlation of Ladenburg Growth 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.

Ladenburg Growth Correlation With Market

Almost no diversification

The correlation between Ladenburg Growth and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Growth 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 Ladenburg Growth. 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 Ladenburg Mutual Fund

  0.82LGWCX Ladenburg GrowthPairCorr
  0.82LGWIX Ladenburg GrowthPairCorr
  0.71LNOCX Ladenburg Income GrowthPairCorr
  0.61LNOIX Ladenburg Income GrowthPairCorr
  0.98LOWAX Ladenburg Growth IncomePairCorr
  0.77LOWCX Ladenburg Growth IncomePairCorr
  0.78LOWIX Ladenburg Growth IncomePairCorr
  0.85LAGIX Ladenburg AggressivePairCorr
  0.82LAWCX Ladenburg AggressivePairCorr
  0.85LAWAX Ladenburg AggressivePairCorr
  0.81FFIFX American FundsPairCorr
  0.8FAIFX American FundsPairCorr
  0.83IFACX Income FundPairCorr
  0.8IFAFX Income FundPairCorr
  0.85AMECX Income FundPairCorr
  0.83RIDBX Income FundPairCorr
  0.84CIMEX Income FundPairCorr
  0.85RIDFX Income FundPairCorr
  0.83CIMCX Income FundPairCorr
  0.85CIMFX Income FundPairCorr
  0.97TRLCX Tiaa-cref Large-capPairCorr
  0.87RSGGX Victory Rs GlobalPairCorr
  0.83LFROX Lord Abbett FloatingPairCorr
  0.86VIPAX Index Plus LargecapPairCorr
  0.81WWLAX Westwood Largecap ValuePairCorr
  0.79WCPSX Mobile TelecommunicatioPairCorr
  0.84FMCMX American Funds AmcapPairCorr
  0.98INDEX Sp 500 EqualPairCorr

Moving against Ladenburg Mutual Fund

  0.6HLDCX Hartford EmergingPairCorr
  0.58HLDIX Hartford EmergingPairCorr
  0.57HLDRX Hartford EmergingPairCorr
  0.57HLDAX Hartford EmergingPairCorr
  0.57HLDTX Hartford EmergingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Growth 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 Ladenburg Growth'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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