Lkcm Equity Correlations

Mutual Funds . USA . 
Fund . Lkcm Equity Fund
LKEQX Fund  USD 35.46  0.15  0.42%   
The current 90-days correlation between Lkcm Equity Fund and Templeton International Bond is 0.25 (i.e., Modest 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

Poor diversification

The correlation between Lkcm Equity Fund and DJI is 0.62 (i.e., Poor 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

  0.97AQEIX Lkcm Aquinas CatholicPairCorr
  0.87LKBAX Lkcm BalancedPairCorr
  0.97LKSCX Lkcm Small CapPairCorr
  0.87VTSAX Vanguard Total StockPairCorr
  0.87VFIAX Vanguard 500 IndexPairCorr
  0.88VTSMX Vanguard Total StockPairCorr
  0.88VITSX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  0.87VSTSX Vanguard Total StockPairCorr
  0.87VFINX Vanguard 500 IndexPairCorr
  0.87VFFSX Vanguard 500 IndexPairCorr
  0.9VINIX Vanguard InstitutionalPairCorr
  0.9VIIIX Vanguard InstitutionalPairCorr
  0.72WHIYX Ivy High IncomePairCorr
  0.69IVHIX Ivy High IncomePairCorr
  0.71IHIFX Ivy High IncomePairCorr
  0.78WRHIX Ivy High IncomePairCorr
  0.73WHIAX Ivy High IncomePairCorr

Moving against Lkcm Mutual Fund

  0.63LKFIX Lkcm Fixed IncomePairCorr
  0.33LKINX Lkcm International EquityPairCorr
  0.67MWERX Metwest Esg SecuritizedPairCorr
  0.66VFIIX Vanguard GnmaPairCorr
  0.63ECIMX Eaton Vance DiversifiedPairCorr
  0.61NERIX Neuberger Berman EmergingPairCorr
  0.53HBFRX Harbor Bond FundPairCorr
  0.5PSDUX Pimco Short DurationPairCorr
  0.42WUSDX Wells Fargo UltraPairCorr
  0.42VGCAX Vanguard Global CreditPairCorr
  0.4MCSFX Mfs Commodity StrategyPairCorr
  0.35BUFIX Buffalo InternationalPairCorr
  0.35BUIIX Buffalo InternationalPairCorr
  0.35PRIJX T Rowe PricePairCorr
  0.31EXOSX Overseas Series ClassPairCorr
  0.75PLCCX Pimco Low DurationPairCorr
  0.71AMUSX Us Government SecuritiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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