Leader Total Correlations

Mutual Funds . USA . 
Fund . Leader Total Return
LCTRX Fund  USD 11.08  0.02  0.18%   
The current 90-days correlation between Leader Total Return and Leader Total Return is 0.38 (i.e., 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

Good diversification

The correlation between Leader Total Return and DJI is -0.06 (i.e., Good 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, which includes a position in Leader Total Return. 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 real.

Moving together with Leader Mutual Fund

  0.98LCCMX Leader Short TermPairCorr
  0.95LCCIX Leader Short TermPairCorr
  1.0LCTIX Leader Total ReturnPairCorr
  0.9DOXIX Dodge Cox IncomePairCorr
  0.88MWTNX Metropolitan West TotalPairCorr
  0.88MWTSX Metropolitan West TotalPairCorr
  0.9PTTPX Pimco Total ReturnPairCorr
  0.9PTRRX Total ReturnPairCorr
  0.9PTRAX Total ReturnPairCorr
  0.9PTTRX Total ReturnPairCorr
  0.89FIWGX Strategic AdvisersPairCorr
  0.89DODIX Dodge IncomePairCorr
  0.88MWTIX Metropolitan West TotalPairCorr
  0.91SMPSX Semiconductor UltrasectorPairCorr
  0.91SMPIX Semiconductor UltrasectorPairCorr
  0.93TTEEX T Rowe PricePairCorr
  0.93TREMX T Rowe PricePairCorr
  0.9FELIX Fidelity Advisor SemPairCorr
  0.91ONERX One Rock FundPairCorr
  0.9RYVYX Nasdaq 100 2xPairCorr
  0.9RYVLX Nasdaq 100 2xPairCorr
  0.9FSELX Fidelity Select SemiPairCorr
  0.64CEE Central Europe RussiaPairCorr
  0.9CRTSX Catholic ResponsiblePairCorr
  0.79HFEIX Henderson European FocusPairCorr
  0.9HBLVX Hartford BalancedPairCorr
  0.96LTXFX Limited Term TaxPairCorr
  0.89ZDIIX Zacks DividendPairCorr
  0.8FIREX Fidelity InternationalPairCorr
  0.93GIPIX Goldman Sachs BalancedPairCorr
  0.84MVCAX Mfs Mid CapPairCorr
  0.74AGGNX Global Gold Fund Steady GrowthPairCorr
  0.78LRSCX Small Cap ValuePairCorr
  0.88PSPFX Global ResourcesPairCorr
  0.9FLCKX Fidelity Leveraged PanyPairCorr
  0.7FVILX Forester ValuePairCorr

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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