Locorr Spectrum Correlations

LSPCX Fund

USD 5.75 0.03 0.52%

The current 90-days correlation between Locorr Spectrum Income and Transamerica Financial Life is 0.53 (i.e., Very weak diversification). The correlation of Locorr Spectrum 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 Spectrum Correlation With Market

Very weak diversification

The correlation between Locorr Spectrum Income and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Spectrum Income 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 Spectrum Income. 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

0.99	LSPAX	Locorr Spectrum Income	Pair Corr
1.0	LSPIX	Locorr Spectrum Income	Pair Corr
0.65	FAAIX	Fidelity Asset Manager	Pair Corr

Related Correlations Analysis

	IAAEX	MSVIX	RPFGX	SBFAX	FIKBX	RGFIX	MCBXX
IAAEX		0.92	0.9	0.88	0.88	0.0	0.01	IAAEX
MSVIX	0.92		0.87	0.83	0.85	0.0	0.08	MSVIX
RPFGX	0.9	0.87		0.99	1.0	0.0	0.15	RPFGX
SBFAX	0.88	0.83	0.99		1.0	0.0	0.16	SBFAX
FIKBX	0.88	0.85	1.0	1.0		0.0	0.17	FIKBX
RGFIX	0.0	0.0	0.0	0.0	0.0		0.0	RGFIX
MCBXX	0.01	0.08	0.15	0.16	0.17	0.0		MCBXX
	IAAEX	MSVIX	RPFGX	SBFAX	FIKBX	RGFIX	MCBXX

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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

FIKBX	+ 1.0	RPFGX
FIKBX	+ 1.0	SBFAX
SBFAX	+ 0.99	RPFGX
MSVIX	+ 0.92	IAAEX
RPFGX	+ 0.9	IAAEX
SBFAX	+ 0.88	IAAEX

High negative correlations

MCBXX	- 0.0	RGFIX
RGFIX	- 0.0	FIKBX
RGFIX	- 0.0	SBFAX
RGFIX	- 0.0	RPFGX
RGFIX	- 0.0	MSVIX
RGFIX	- 0.0	IAAEX

Risk-Adjusted Indicators

There is a big difference between LOCORR Mutual Fund performing well and Locorr Spectrum 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 Spectrum'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
IAAEX	0.54	(0.03)	(0.10)	0.09	0.53	(0.60)	1.03	(0.98)	3.17
MSVIX	0.78	(0.06)	(0.03)	0.08	0.83	(0.86)	1.78	(1.41)	5.71
RPFGX	0.80	0.04	0.10	0.16	0.51	(1.00)	1.85	(1.40)	7.59
SBFAX	0.80	0.06	0.11	0.17	0.51	(0.96)	1.72	(1.44)	8.60
FIKBX	0.84	0.07	0.16	0.18	0.50	(1.02)	1.88	(1.15)	9.76
RGFIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCBXX	0.03	0.00	0.00	0.48	0.00	0.00	0.00	0.00	1.01

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