Loomis Sayles Correlations

Mutual Funds . USA . 
Fund . Loomis Sayles Small
LSSNX Fund  USD 32.53  0.47  1.42%   
The current 90-days correlation between Loomis Sayles Small and Mainstay Large Cap is 0.45 (i.e., Very weak diversification). The correlation of Loomis Sayles 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.

Loomis Sayles Correlation With Market

Average diversification

The correlation between Loomis Sayles Small and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loomis Sayles Small 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 Loomis Sayles Small. 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 board of governors.

Moving together with Loomis Mutual Fund

  0.99LSCNX Loomis Sayles SmallPairCorr
  0.95LSSCX Loomis Sayles SmallPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.96VSGIX Vanguard Small CapPairCorr
  0.96VISGX Vanguard Small CapPairCorr
  0.96VEXPX Vanguard ExplorerPairCorr
  0.96VEXRX Vanguard ExplorerPairCorr
  0.74JGMIX Janus TritonPairCorr
  0.73JGMRX Janus TritonPairCorr
  0.75JGMAX Janus TritonPairCorr
  0.69JGMCX Janus TritonPairCorr
  0.78JGMNX Janus TritonPairCorr
  0.67WHIYX Ivy High IncomePairCorr
  0.69IVHIX Ivy High IncomePairCorr
  0.62IHIFX Ivy High IncomePairCorr
  0.63WRHIX Ivy High IncomePairCorr
  0.71ACP Aberdeen Income CreditPairCorr
  0.75AMECX Income FundPairCorr
  0.91ELFNX Elfun Trusts ElfunPairCorr
  0.86JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.89BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.77AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.87CSCO Cisco SystemsPairCorr
  0.88DIS Walt DisneyPairCorr

Moving against Loomis Mutual Fund

  0.47LIPNX Loomis Sayles InflationPairCorr
  0.47LSGSX Loomis Sayles InflationPairCorr
  0.83JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.31BA Boeing Buyout TrendPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Loomis Mutual Fund performing well and Loomis Sayles 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 Loomis Sayles' 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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