Locorr Dynamic Correlations

LEQCX Fund

USD 11.92 0.03 0.25%

The current 90-days correlation between Locorr Dynamic Equity and Davis Financial Fund is 0.09 (i.e., Significant diversification). The correlation of Locorr Dynamic 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 Dynamic Correlation With Market

Average diversification

The correlation between Locorr Dynamic Equity and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Dynamic Equity 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 Dynamic Equity. 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 world development indicators.

Moving together with Locorr Mutual Fund

1.0	LEQAX	Locorr Dynamic Equity	Pair Corr
0.87	LEQIX	Locorr Dynamic Equity	Pair Corr

Moving against Locorr Mutual Fund

0.35	LOTAX	Locorr Market Trend	Pair Corr
0.31	LOTIX	Locorr Market Trend	Pair Corr
0.38	VGHCX	Vanguard Health Care	Pair Corr
0.36	SMPIX	Semiconductor Ultrasector	Pair Corr
0.35	SMPSX	Semiconductor Ultrasector	Pair Corr
0.31	FECRX	First Eagle Credit	Pair Corr
0.31	PQTNX	Pimco Trends Managed	Pair Corr

Related Correlations Analysis

	DVFYX	FIDAX	ICFAX	MCBXX	XFINX	VFAIX	MSVIX
DVFYX		0.71	0.81	0.0	0.56	0.67	0.67	DVFYX
FIDAX	0.71		0.66	0.0	0.54	0.85	0.62	FIDAX
ICFAX	0.81	0.66		0.0	0.6	0.61	0.73	ICFAX
MCBXX	0.0	0.0	0.0		0.0	0.0	0.0	MCBXX
XFINX	0.56	0.54	0.6	0.0		0.44	0.43	XFINX
VFAIX	0.67	0.85	0.61	0.0	0.44		0.8	VFAIX
MSVIX	0.67	0.62	0.73	0.0	0.43	0.8		MSVIX
	DVFYX	FIDAX	ICFAX	MCBXX	XFINX	VFAIX	MSVIX

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

VFAIX	+ 0.85	FIDAX
ICFAX	+ 0.81	DVFYX
MSVIX	+ 0.8	VFAIX
MSVIX	+ 0.73	ICFAX
FIDAX	+ 0.71	DVFYX
VFAIX	+ 0.67	DVFYX

High negative correlations

MSVIX	- 0.0	MCBXX
VFAIX	- 0.0	MCBXX
XFINX	- 0.0	MCBXX
MCBXX	- 0.0	ICFAX
MCBXX	- 0.0	FIDAX
MCBXX	- 0.0	DVFYX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Dynamic 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 Dynamic'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
DVFYX	0.70	(0.04)	(0.03)	0.03	1.10	(0.71)	1.45	(2.10)	3.98
FIDAX	0.73	0.05	0.00	0.36	0.99	(0.85)	1.71	(1.41)	5.59
ICFAX	0.90	0.12	0.17	0.18	0.53	(1.34)	1.58	(1.16)	14.10
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.13	(0.01)	(0.20)	(0.16)	0.25	(0.15)	0.22	(0.21)	1.44
VFAIX	0.66	(0.05)	(0.05)	0.02	0.94	(0.68)	1.33	(1.73)	4.28
MSVIX	0.87	(0.07)	(0.05)	0.01	1.05	(0.97)	1.72	(1.56)	4.74

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