Lkcm Aquinas Correlations

AQEIX Fund

USD 18.30 0.20 1.10%

The current 90-days correlation between Lkcm Aquinas Catholic and Vanguard Financials Index is 0.52 (i.e., Very weak diversification). The correlation of Lkcm Aquinas 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.

Lkcm Aquinas Correlation With Market

Weak diversification

The correlation between Lkcm Aquinas Catholic and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lkcm Aquinas Catholic and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lkcm Aquinas Catholic. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Lkcm Mutual Fund

0.62	RYVLX	Nasdaq 100 2x	Pair Corr
0.61	RYVYX	Nasdaq 100 2x	Pair Corr
0.76	RYCCX	Nasdaq 100 2x	Pair Corr
0.95	BIPIX	Biotechnology Ultrasector	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.65	INTC	Intel	Pair Corr
0.8	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Lkcm Mutual Fund

0.63

Boeing

Pair Corr

Related Correlations Analysis

	VFAIX	BXSL	GCFSX	PGFMX	FIDAX	FNPIX
VFAIX		0.32	0.7	0.63	0.55	0.97	VFAIX
BXSL	0.32		-0.01	-0.25	-0.55	0.11	BXSL
GCFSX	0.7	-0.01		0.86	0.61	0.73	GCFSX
PGFMX	0.63	-0.25	0.86		0.82	0.71	PGFMX
FIDAX	0.55	-0.55	0.61	0.82		0.71	FIDAX
FNPIX	0.97	0.11	0.73	0.71	0.71		FNPIX
	VFAIX	BXSL	GCFSX	PGFMX	FIDAX	FNPIX

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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

FNPIX	+ 0.97	VFAIX
PGFMX	+ 0.86	GCFSX
FIDAX	+ 0.82	PGFMX
FNPIX	+ 0.73	GCFSX
FNPIX	+ 0.71	PGFMX
FNPIX	+ 0.71	FIDAX

High negative correlations

FIDAX	- 0.55	BXSL
PGFMX	- 0.25	BXSL
GCFSX	- 0.01	BXSL

Risk-Adjusted Indicators

There is a big difference between Lkcm Mutual Fund performing well and Lkcm Aquinas 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 Lkcm Aquinas' 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
VFAIX	0.79	0.12	0.10	0.21	0.83	(0.91)	1.46	(1.49)	10.22
BXSL	0.70	0.15	0.10	0.57	0.59	(0.81)	1.43	(1.03)	4.08
GCFSX	0.62	0.07	0.02	0.24	0.72	(0.72)	1.80	(1.30)	6.27
PGFMX	0.37	(0.01)	(0.12)	0.05	0.51	(0.41)	0.96	(0.93)	3.70
FIDAX	0.92	(0.02)	(0.02)	0.07	1.63	(0.93)	1.79	(2.01)	14.53
FNPIX	1.14	0.13	0.10	0.19	1.36	(1.29)	2.08	(2.50)	13.82

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