Leader Total Correlations

Mutual Funds USA . 
Fund . Leader Total Return
LCATX Fund  USD 11.56  0.00  0.09%   
The current 90-days correlation between Leader Total Return and Transamerica Asset Allocation is 0.44 (i.e., Very weak diversification). The correlation of Leader Total 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.

Leader Total Correlation With Market

Average diversification

The correlation between Leader Total Return and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leader Total Return and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. 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 persons.

Moving together with Leader Mutual Fund

  0.74LCCMX Leader Short TermPairCorr
  0.74LCCIX Leader Short TermPairCorr
  0.68LCTRX Leader Total ReturnPairCorr
  0.67GAAKX Gmo Alternative AlloPairCorr
  0.68GAAGX Gmo Alternative AlloPairCorr
  0.71GPMFX Guidepath Managed FuturesPairCorr
  0.74PQTAX Pimco Trends ManagedPairCorr
  0.74PQTNX Pimco Trends ManagedPairCorr
  0.74PQTIX Aa Pimco TrPairCorr
  0.7ECTVX Eaton Vance TaxPairCorr
  0.73GVCAX Gabelli ValuePairCorr
  0.7CBLSX Cb Large CapPairCorr
  0.73SWDRX Schwab Target 2030PairCorr
  0.67MWEFX Mfs Global EquityPairCorr
  0.65ATVPX Alger 35 FundPairCorr
  0.64VLAAX Value Line AssetPairCorr
  0.62ALSRX Alger Smallcap GrowthPairCorr
  0.64PDIIX Diversified IncomePairCorr
  0.66LSFAX Loomis Sayles SeniorPairCorr
  0.75MYIMX Victory Integrity MidPairCorr
  0.61VCADX Vanguard CaliforniaPairCorr
  0.65PRQAX Pimco Realpath BlendPairCorr
  0.64MERIX Merger FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Leader Mutual Fund performing well and Leader Total 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 Leader Total'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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