Lkcm Aquinas Correlations

AQEIX Fund

USD 17.45 0.28 1.63%

The current 90-days correlation between Lkcm Aquinas Catholic and Fidelity Managed Retirement is -0.11 (i.e., Good 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

Good diversification

The correlation between Lkcm Aquinas Catholic and DJI is -0.02 (i.e., Good 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. 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 Lkcm Mutual Fund

0.97	LKEQX	Lkcm Equity Fund	Pair Corr
0.92	LKSCX	Lkcm Small Cap	Pair Corr
0.83	LKSMX	Lkcm Small Mid	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VITSX	Vanguard Total Stock	Pair Corr
0.72	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.91	VINIX	Vanguard Institutional	Pair Corr
0.91	VIIIX	Vanguard Institutional	Pair Corr
0.86	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.86	RYVLX	Nasdaq 100 2x	Pair Corr
0.86	RYVYX	Nasdaq 100 2x	Pair Corr
0.86	UOPIX	Ultra Nasdaq 100	Pair Corr
0.68	RYCCX	Nasdaq 100 2x	Pair Corr
0.86	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.83	INPIX	Internet Ultrasector	Pair Corr
0.7	INPSX	Internet Ultrasector	Pair Corr
0.81	BIPIX	Biotechnology Ultrasector	Pair Corr

Moving against Lkcm Mutual Fund

0.45	LKFIX	Lkcm Fixed Income	Pair Corr
0.53	USGNX	Government Securities	Pair Corr
0.5	VWTAX	Tomorrows Scholar College	Pair Corr
0.42	MFBIX	Mesirow Enhanced Core	Pair Corr
0.38	RYAEX	Europe 125x Strategy	Pair Corr
0.61	KGIIX	Kopernik International	Pair Corr
0.48	RAMEX	Short Term Bond	Pair Corr
0.47	PFIAX	Pimco Floating Income	Pair Corr
0.44	ASXDX	Short Duration Strategic	Pair Corr

Related Correlations Analysis

	FHRVX	FNOKX	RRPPX	ARTOX	MURFX	FLMTX	TPILX
FHRVX		0.75	0.99	0.88	0.91	0.94	0.91	FHRVX
FNOKX	0.75		0.74	0.87	0.84	0.85	0.87	FNOKX
RRPPX	0.99	0.74		0.88	0.89	0.93	0.9	RRPPX
ARTOX	0.88	0.87	0.88		0.99	0.99	0.99	ARTOX
MURFX	0.91	0.84	0.89	0.99		0.99	0.99	MURFX
FLMTX	0.94	0.85	0.93	0.99	0.99		0.99	FLMTX
TPILX	0.91	0.87	0.9	0.99	0.99	0.99		TPILX
	FHRVX	FNOKX	RRPPX	ARTOX	MURFX	FLMTX	TPILX

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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
FHRVX	0.28	0.03	0.16	0.08	0.26	(0.31)	0.56	(0.57)	1.71
FNOKX	0.52	0.02	0.08	8.70	0.63	(0.56)	1.07	(1.12)	3.14
RRPPX	0.33	0.04	0.17	0.10	0.29	(0.41)	0.63	(0.62)	1.66
ARTOX	0.30	0.01	0.08	0.00	0.37	(0.33)	0.63	(0.55)	2.01
MURFX	0.26	0.01	0.10	0.00	0.29	(0.31)	0.58	(0.46)	1.62
FLMTX	0.29	0.01	0.10	0.01	0.34	(0.31)	0.57	(0.56)	1.72
TPILX	0.30	0.01	0.10	0.01	0.34	(0.33)	0.61	(0.61)	1.77

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