Lkcm Balanced Correlations

LKBAX Fund

USD 28.56 0.20 0.71%

The current 90-days correlation between Lkcm Balanced and Mairs Power Balanced is 0.75 (i.e., Poor diversification). The correlation of Lkcm Balanced 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 Balanced Correlation With Market

Very weak diversification

The correlation between Lkcm Balanced Fund and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lkcm Balanced Fund 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 Lkcm Balanced Fund. 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

0.88	FBONX	American Funds American	Pair Corr
0.88	FBAFX	American Funds American	Pair Corr
0.88	ABALX	American Balanced	Pair Corr
0.89	BALCX	American Balanced	Pair Corr
0.88	BALFX	American Balanced	Pair Corr
0.88	RLBCX	American Balanced	Pair Corr
0.88	RLBBX	American Balanced	Pair Corr
0.88	CLBAX	American Balanced	Pair Corr
0.88	CLBEX	American Balanced	Pair Corr
0.88	RLBFX	American Balanced	Pair Corr
0.72	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.67	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.67	HD	Home Depot	Pair Corr

Moving against Lkcm Mutual Fund

0.61	BA	Boeing	Pair Corr
0.44	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MAPOX	LKEQX	BTBFX	VLAAX	CBLAX
MAPOX		0.73	0.87	0.77	0.8	MAPOX
LKEQX	0.73		0.89	0.94	0.84	LKEQX
BTBFX	0.87	0.89		0.93	0.92	BTBFX
VLAAX	0.77	0.94	0.93		0.88	VLAAX
CBLAX	0.8	0.84	0.92	0.88		CBLAX
	MAPOX	LKEQX	BTBFX	VLAAX	CBLAX

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Risk-Adjusted Indicators

There is a big difference between Lkcm Mutual Fund performing well and Lkcm Balanced 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 Balanced'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
MAPOX	0.41	0.01	(0.09)	0.11	0.45	(0.46)	0.98	(0.57)	3.89
LKEQX	0.72	(0.11)	0.00	(0.09)	0.00	0.00	0.98	(1.37)	9.98
BTBFX	0.46	(0.05)	0.00	(0.02)	0.00	0.00	0.69	(0.76)	6.75
VLAAX	0.64	(0.18)	0.00	(0.12)	0.00	0.00	0.99	(1.01)	10.78
CBLAX	0.51	(0.06)	0.00	(0.05)	0.00	0.00	0.77	(0.94)	6.69

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