Lkcm Small Correlations

LKSCX Fund

USD 23.85 0.36 1.53%

The current 90-days correlation between Lkcm Small Cap and Lkcm Aquinas Catholic is 0.83 (i.e., Very poor diversification). The correlation of Lkcm Small 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 Small Correlation With Market

Very poor diversification

The correlation between Lkcm Small Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lkcm Small Cap 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 Small Cap. 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 main economic indicators.

Moving together with Lkcm Mutual Fund

0.88	AQEIX	Lkcm Aquinas Catholic	Pair Corr
0.87	LKBAX	Lkcm Balanced	Pair Corr
0.89	LKEQX	Lkcm Equity Fund	Pair Corr
0.98	LKSMX	Lkcm Small Mid	Pair Corr
0.97	VSGAX	Vanguard Small Cap	Pair Corr
0.97	VSGIX	Vanguard Small Cap	Pair Corr
0.97	VISGX	Vanguard Small Cap	Pair Corr
0.96	VEXPX	Vanguard Explorer	Pair Corr
0.96	VEXRX	Vanguard Explorer	Pair Corr
0.94	JGMIX	Janus Triton	Pair Corr
0.94	JGMRX	Janus Triton	Pair Corr
0.94	JGMAX	Janus Triton	Pair Corr
0.82	JGMCX	Janus Triton	Pair Corr
0.94	JGMNX	Janus Triton	Pair Corr
0.8	EIGMX	Eaton Vance Global	Pair Corr
0.79	TIGGX	Goldman Sachs Tax	Pair Corr
0.82	EADOX	Eaton Vance Emerging	Pair Corr
0.82	MVTRX	Transamerica Mid Cap	Pair Corr
0.67	FSAHX	Fidelity Short Duration	Pair Corr
0.81	QUAZX	Ab Small Cap	Pair Corr
0.65	VFORX	Vanguard Target Reti	Pair Corr
0.61	THOPX	Thompson Bond	Pair Corr
0.88	GMSMX	Guidemark Smallmid Cap	Pair Corr
0.86	SECIX	Guggenheim Large Cap	Pair Corr
0.94	PEVAX	Pace Smallmedium Value	Pair Corr
0.85	FMILX	Fidelity New Millennium	Pair Corr
0.88	USA	Liberty All Star	Pair Corr

Moving against Lkcm Mutual Fund

0.59	LKFIX	Lkcm Fixed Income	Pair Corr
0.45	LKINX	Lkcm International Equity	Pair Corr

Related Correlations Analysis

	AQEIX	LKBAX	LKEQX	LKSCX	LKSMX
AQEIX		0.98	0.93	0.88	0.92	AQEIX
LKBAX	0.98		0.92	0.87	0.92	LKBAX
LKEQX	0.93	0.92		0.89	0.93	LKEQX
LKSCX	0.88	0.87	0.89		0.98	LKSCX
LKSMX	0.92	0.92	0.93	0.98		LKSMX
	AQEIX	LKBAX	LKEQX	LKSCX	LKSMX

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Risk-Adjusted Indicators

There is a big difference between Lkcm Mutual Fund performing well and Lkcm Small 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 Small'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	0.51	0.00	(0.03)	0.13	0.60	(0.54)	1.05	(1.36)	4.00
LKBAX	0.33	0.00	(0.14)	0.12	0.29	(0.36)	0.74	(0.79)	2.42
LKEQX	0.57	0.09	(0.04)	(5.03)	0.69	(0.59)	1.19	(1.19)	4.47
LKSCX	0.81	0.04	0.09	0.15	0.71	(0.92)	1.94	(1.41)	7.17
LKSMX	0.75	0.11	0.13	0.21	0.66	(0.88)	1.78	(1.10)	5.54

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