Ladenburg Growth Correlations

LGWIX Fund  USD 18.27  0.07  0.38%   
The current 90-days correlation between Ladenburg Growth and Ladenburg Growth Income is 0.96 (i.e., Almost no diversification). The correlation of Ladenburg Growth 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.

Ladenburg Growth Correlation With Market

Almost no diversification

The correlation between Ladenburg Growth and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladenburg Growth 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 Ladenburg Growth. 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 gross domestic product.

Moving together with Ladenburg Mutual Fund

  1.0LGWAX Ladenburg GrowthPairCorr
  1.0LGWCX Ladenburg GrowthPairCorr
  0.96LNCAX Ladenburg Income FunPairCorr
  0.95LNCCX Ladenburg Income FunPairCorr
  0.96LNCIX Ladenburg Income FunPairCorr
  0.99LNOCX Ladenburg Income GrowthPairCorr
  0.99LNOAX Ladenburg Income GrowthPairCorr
  0.99LNOIX Ladenburg Income GrowthPairCorr
  1.0LOWAX Ladenburg Growth IncomePairCorr
  1.0LOWCX Ladenburg Growth IncomePairCorr
  1.0LOWIX Ladenburg Growth IncomePairCorr
  1.0LAGIX Ladenburg AggressivePairCorr
  1.0LAWCX Ladenburg AggressivePairCorr
  1.0LAWAX Ladenburg AggressivePairCorr
  0.91IFAFX Income FundPairCorr
  0.91AMECX Income FundPairCorr
  0.91IFACX Income FundPairCorr
  0.92FFIFX American FundsPairCorr
  0.92FAIFX American FundsPairCorr
  0.92RIDBX Income FundPairCorr
  0.92CIMEX Income FundPairCorr
  0.91RIDFX Income FundPairCorr
  0.92CIMCX Income FundPairCorr
  0.91CIMFX Income FundPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.74VFFSX Vanguard 500 IndexPairCorr
  0.73VFIAX Vanguard 500 IndexPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.92VTSNX Vanguard Total InterPairCorr
  0.93VTISX Vanguard Total InterPairCorr
  0.92VTPSX Vanguard Total InterPairCorr
  0.74VINIX Vanguard InstitutionalPairCorr
  0.93ANNPX Allianzgi VertiblePairCorr
  0.84TSDFX Tiaa Cref ShortPairCorr
  0.93TWAAX Thrivent Partner WorPairCorr
  0.95SWMIX Laudus InternationalPairCorr

Moving against Ladenburg Mutual Fund

  0.39VEIRX Vanguard Equity IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Ladenburg Mutual Fund performing well and Ladenburg Growth 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 Ladenburg Growth'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.