Lkcm Equity Correlations

LKEQX Fund

USD 37.59 0.16 0.43%

The current 90-days correlation between Lkcm Equity Fund and Lkcm Aquinas Catholic is 0.98 (i.e., Almost no diversification). The correlation of Lkcm Equity 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 Equity Correlation With Market

Modest diversification

The correlation between Lkcm Equity Fund and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lkcm Equity 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 Equity Fund. 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 producer price index.

Moving together with Lkcm Mutual Fund

0.99	AQEIX	Lkcm Aquinas Catholic	Pair Corr
0.99	LKBAX	Lkcm Balanced	Pair Corr
0.61	LKINX	Lkcm International Equity	Pair Corr
0.84	LKSCX	Lkcm Small Cap	Pair Corr
0.69	EIPIX	Eip Growth And	Pair Corr

Moving against Lkcm Mutual Fund

0.55	KMDNX	Kinetics Multi-disciplina	Pair Corr
0.47	MXFIX	Mainstay Floating Rate	Pair Corr
0.4	MAAWX	Morgan Stanley Insti	Pair Corr
0.62	AHLYX	American Beacon Ahl	Pair Corr
0.54	MULSX	Ultra Short Income	Pair Corr
0.54	CMCYX	Cm Modity Index	Pair Corr
0.5	TFLCX	Transamerica Floating	Pair Corr

Related Correlations Analysis

	AQEIX	LKBAX	LKEQX	LKFIX	LKINX	LKSCX	LKSMX
AQEIX		0.98	0.99	0.55	0.64	0.8	0.42	AQEIX
LKBAX	0.98		0.99	0.63	0.61	0.87	0.56	LKBAX
LKEQX	0.99	0.99		0.54	0.61	0.84	0.5	LKEQX
LKFIX	0.55	0.63	0.54		0.69	0.44	0.31	LKFIX
LKINX	0.64	0.61	0.61	0.69		0.22	-0.08	LKINX
LKSCX	0.8	0.87	0.84	0.44	0.22		0.86	LKSCX
LKSMX	0.42	0.56	0.5	0.31	-0.08	0.86		LKSMX
	AQEIX	LKBAX	LKEQX	LKFIX	LKINX	LKSCX	LKSMX

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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

LKEQX	+ 0.99	AQEIX
LKEQX	+ 0.99	LKBAX
LKBAX	+ 0.98	AQEIX
LKSCX	+ 0.87	LKBAX
LKSMX	+ 0.86	LKSCX
LKSCX	+ 0.84	LKEQX

High negative correlations

LKSMX

- 0.08

LKINX

Risk-Adjusted Indicators

There is a big difference between Lkcm Mutual Fund performing well and Lkcm Equity 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 Equity'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
AQEIX	0.67	(0.13)	0.00	(0.27)	0.00	0.00	1.05	(1.76)	10.18
LKBAX	0.42	(0.07)	0.00	(0.21)	0.00	0.00	0.67	(0.94)	5.45
LKEQX	0.65	(0.12)	0.00	(0.28)	0.00	0.00	0.95	(1.37)	9.98
LKFIX	0.14	(0.02)	0.00	(0.42)	0.00	0.00	0.29	(0.29)	0.87
LKINX	0.61	(0.07)	0.00	(0.35)	0.00	0.00	1.03	(1.36)	3.78
LKSCX	0.89	(0.02)	(0.01)	(0.01)	1.80	(0.79)	1.64	(1.41)	13.50
LKSMX	0.76	0.08	0.06	0.18	0.93	(0.77)	1.39	(1.50)	7.49

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