Lkcm Balanced Correlations

Mutual Funds . USA . 
Fund . Lkcm Balanced Fund
LKBAX Fund  USD 28.94  0.03  0.10%   
The current 90-days correlation between Lkcm Balanced and Mairs Power Balanced is 0.92 (i.e., Almost no diversification). The correlation of Lkcm Balanced 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 Balanced Correlation With Market

Almost no diversification

The correlation between Lkcm Balanced Fund and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lkcm Balanced 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 Balanced 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 nation.

Moving together with Lkcm Mutual Fund

  1.0AQEIX Lkcm Aquinas CatholicPairCorr
  1.0LKEQX Lkcm Equity FundPairCorr
  0.86LKFIX Lkcm Fixed IncomePairCorr
  0.95LKINX Lkcm International EquityPairCorr
  0.97LKSCX Lkcm Small CapPairCorr
  0.94LKSMX Lkcm Small MidPairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.98ABALX American BalancedPairCorr
  0.98BALCX American BalancedPairCorr
  0.99BALFX American BalancedPairCorr
  0.98RLBCX American BalancedPairCorr
  0.99RLBBX American BalancedPairCorr
  0.98CLBAX American BalancedPairCorr
  0.99CLBEX American BalancedPairCorr
  0.99RLBFX American BalancedPairCorr
  0.66RYMEX Commodities StrategyPairCorr
  0.65RYMJX Commodities StrategyPairCorr
  0.66RYMBX Commodities StrategyPairCorr
  0.88BRUFX Bruce Fund BrucePairCorr
  0.99SPGSX State Street PremierPairCorr
  0.92KF Korea ClosedPairCorr
  1.0JTRBX Jpmorgan SmartretirementPairCorr
  0.97MSEGX Growth Portfolio Class Steady GrowthPairCorr
  0.98MDIJX Mfs InternationalPairCorr
  0.97FFC Flaherty CrumrinePairCorr
  0.96TRIEX Tiaa Cref InternationalPairCorr
  0.99PIDCX Pioneer SolutionsPairCorr
  0.99VSPVX Vanguard Sp 500PairCorr
  0.97OBMCX Oberweis Micro CapPairCorr
  0.68FBIOX Biotechnology PortfolioPairCorr
  0.77GCIGX Gamco InternationalPairCorr
  0.99VITAX Vanguard InformationPairCorr
  0.89FMFIX Free Market FixedPairCorr
  0.94KAMIX Kensington Managed IncomePairCorr
  0.99BERBX Carillon Chartwell MidPairCorr
  0.98MRLSX Amg Renaissance LargePairCorr

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 Balanced 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 Balanced'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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