Locorr Strategic Correlations

LSAIX Fund

10.57 0.10 0.94%

The current 90-days correlation between Locorr Strategic All and Allianzgi Technology Fund is 0.72 (i.e., Poor diversification). The correlation of Locorr Strategic 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 Strategic Correlation With Market

Almost no diversification

The correlation between Locorr Strategic Allocation and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Locorr Strategic Allocation 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 Strategic Allocation. 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 Locorr Mutual Fund

0.84	PAMCX	T Rowe Price	Pair Corr
0.89	RRMGX	T Rowe Price	Pair Corr
0.76	PCBIX	Midcap Fund Institutional	Pair Corr
0.76	PEMGX	Midcap Fund Class	Pair Corr
0.76	PMBCX	Midcap Fund Class	Pair Corr
0.79	TRQZX	T Rowe Price	Pair Corr
0.93	PRJIX	T Rowe Price	Pair Corr
0.81	RPMGX	T Rowe Price	Pair Corr
0.81	TRUZX	T Rowe Price	Pair Corr
0.77	JGRCX	Janus Enterprise	Pair Corr
0.87	PMPIX	Precious Metals Ultr	Pair Corr
0.86	PMPSX	Precious Metals Ultr	Pair Corr
0.7	MRK	Merck Company Earnings Call This Week	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.64	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr

Moving against Locorr Mutual Fund

0.59

ATT Inc Earnings Call This Week

Pair Corr

Related Correlations Analysis

	USTCX	MTCCX	FRBRX	PRSCX	TOWTX	RAGTX
USTCX		0.92	0.77	0.94	0.92	0.72	USTCX
MTCCX	0.92		0.82	0.94	0.81	0.66	MTCCX
FRBRX	0.77	0.82		0.8	0.76	0.41	FRBRX
PRSCX	0.94	0.94	0.8		0.86	0.76	PRSCX
TOWTX	0.92	0.81	0.76	0.86		0.77	TOWTX
RAGTX	0.72	0.66	0.41	0.76	0.77		RAGTX
	USTCX	MTCCX	FRBRX	PRSCX	TOWTX	RAGTX

Risk-Adjusted Indicators

There is a big difference between Locorr Mutual Fund performing well and Locorr Strategic 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 Strategic'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
USTCX	0.96	0.05	0.03	0.10	1.32	(0.89)	1.80	(2.37)	9.79
MTCCX	1.45	0.43	0.26	1.69	1.07	(1.68)	1.84	(2.68)	37.23
FRBRX	1.29	0.30	0.19	0.82	1.20	(1.49)	2.84	(2.25)	14.11
PRSCX	1.25	0.18	0.10	0.22	1.55	(1.27)	2.45	(2.96)	14.16
TOWTX	0.71	(0.01)	(0.02)	0.02	0.87	(0.77)	1.49	(1.37)	4.54
RAGTX	1.05	(0.03)	(0.02)	0.01	1.66	(0.90)	1.97	(2.85)	7.15

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