Locorr Market Correlations

Mutual Funds . USA . 
Fund . Locorr Market Trend
LOTAX Fund  USD 11.37  0.06  0.52%   
The current 90-days correlation between Locorr Market Trend and Principal Lifetime Hybrid is 0.57 (i.e., Very weak diversification). The correlation of Locorr Market 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 Market Correlation With Market

Poor diversification

The correlation between Locorr Market Trend and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Market Trend 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 Market Trend. 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

  1.0LOTCX Locorr Market TrendPairCorr
  1.0LOTIX Locorr Market TrendPairCorr
  0.62LCSAX Locorr Longshort ModitiesPairCorr
  0.62LCSCX Locorr Longshort ModitiesPairCorr
  0.62LCSIX Locorr Longshort ModitiesPairCorr
  0.92LFMAX Locorr Macro StrategiesPairCorr
  0.92LFMIX Locorr Macro StrategiesPairCorr
  0.91PQTAX Pimco Trends ManagedPairCorr
  0.91PQTNX Pimco Trends ManagedPairCorr
  0.75AHLPX American Beacon AhlPairCorr
  0.96AMFNX Asg Managed FuturesPairCorr
  0.97ABYCX Abbey Capital FuturesPairCorr
  0.97ABYAX Abbey Capital FuturesPairCorr
  0.97ABYIX Abbey Capital FuturesPairCorr
  0.95AMFAX Asg Managed FuturesPairCorr
  0.96ASFYX Asg Managed FuturesPairCorr

Moving against Locorr Mutual Fund

  0.42ILESX Fisher InvestmentsPairCorr
  0.4AMEIX Equity GrowthPairCorr
  0.4MLMAX Global E PortfolioPairCorr
  0.37VFINX Vanguard 500 IndexPairCorr
  0.37VFIAX Vanguard 500 IndexPairCorr
  0.36AMGOX Alger Mid CapPairCorr
  0.32AMGIX Income GrowthPairCorr
  0.31TLCYX Touchstone Large CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
RTOUX
+ 0.99
SIGWX
TBDQX
+ 0.95
ADX
RTOUX
+ 0.92
ADX
SIGWX
+ 0.9
ADX
RTOUX
+ 0.89
TBDQX
RTOUX
+ 0.88
LIGFX
  
High negative correlations   
ADX
- 0.79
ACDOX
TBDQX
- 0.7
ACDOX
RTOUX
- 0.62
ACDOX
SIGWX
- 0.61
ACDOX
LIGFX
- 0.33
ACDOX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Market 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 Market'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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