Lkcm Small Correlations

LKSCX Fund

USD 19.61 0.06 0.31%

The current 90-days correlation between Lkcm Small Cap and Sprucegrove International Equity is 0.45 (i.e., Very weak 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

Poor diversification

The correlation between Lkcm Small Cap and DJI is 0.64 (i.e., 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

0.75	AQEIX	Lkcm Aquinas Catholic	Pair Corr
0.8	LKBAX	Lkcm Balanced	Pair Corr
0.81	LKEQX	Lkcm Equity Fund	Pair Corr
0.89	LKSMX	Lkcm Small Mid	Pair Corr
0.64	VSGAX	Vanguard Small Cap	Pair Corr
0.9	VSGIX	Vanguard Small Cap	Pair Corr
0.9	VISGX	Vanguard Small Cap	Pair Corr
0.9	VEXPX	Vanguard Explorer	Pair Corr
0.97	VEXRX	Vanguard Explorer	Pair Corr
0.84	JGMIX	Janus Triton	Pair Corr
0.88	JGMRX	Janus Triton	Pair Corr
0.84	JGMAX	Janus Triton	Pair Corr
0.85	JGMCX	Janus Triton	Pair Corr
0.87	JGMNX	Janus Triton	Pair Corr

Moving against Lkcm Mutual Fund

0.64	LKFIX	Lkcm Fixed Income	Pair Corr
0.64	BTMPX	Ishares Msci Eafe	Pair Corr
0.41	LKINX	Lkcm International Equity	Pair Corr
0.76	ACCOX	International Value	Pair Corr
0.72	SAMFX	Ridgeworth Seix Total	Pair Corr
0.72	JDFNX	Janus Flexible Bond	Pair Corr
0.59	BTMKX	Blackrock International	Pair Corr
0.59	MDIIX	Blackrock Intern Index	Pair Corr
0.59	NWHMX	Nationwide Bailard	Pair Corr
0.58	FITFX	Fidelity Flex Intern	Pair Corr
0.57	JMKIX	Emerging Markets Debt	Pair Corr
0.57	BORIX	Collegeadvantage 529	Pair Corr
0.56	LSVFX	Lsv Global Managed	Pair Corr
0.53	AIDYX	Diversified Municipal	Pair Corr
0.35	RBBCX	Columbia Income Builder	Pair Corr
0.33	PNMCX	Prudential National Muni	Pair Corr
0.75	VIITX	Vanguard Institutional	Pair Corr
0.7	MBOYX	Madison E Bond	Pair Corr

Related Correlations Analysis

	SPRDX	TOIIX	LGFEX	MRCZX	PIEQX	GMOIX	RTNSX
SPRDX		0.95	0.97	0.9	0.74	0.97	0.97	SPRDX
TOIIX	0.95		0.98	0.84	0.67	0.98	0.96	TOIIX
LGFEX	0.97	0.98		0.9	0.73	0.99	0.99	LGFEX
MRCZX	0.9	0.84	0.9		0.72	0.89	0.9	MRCZX
PIEQX	0.74	0.67	0.73	0.72		0.7	0.73	PIEQX
GMOIX	0.97	0.98	0.99	0.89	0.7		0.99	GMOIX
RTNSX	0.97	0.96	0.99	0.9	0.73	0.99		RTNSX
	SPRDX	TOIIX	LGFEX	MRCZX	PIEQX	GMOIX	RTNSX

Click cells to compare fundamentals

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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
SPRDX	0.63	0.16	0.23	0.26	0.65	(0.67)	1.37	(1.59)	4.63
TOIIX	0.65	0.29	0.38	0.49	0.45	(0.75)	1.64	(1.47)	5.44
LGFEX	0.64	0.23	0.29	0.32	0.64	(0.69)	1.88	(0.99)	5.04
MRCZX	0.21	0.04	0.30	0.16	0.16	(0.26)	0.55	(0.44)	1.45
PIEQX	0.66	0.09	0.19	(0.57)	0.80	(0.74)	1.55	(1.17)	4.73
GMOIX	0.65	0.25	0.31	0.37	0.61	(0.75)	1.69	(1.33)	5.26
RTNSX	0.60	0.17	0.25	0.27	0.62	(0.67)	1.66	(1.45)	4.86

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