Lkcm Small Correlations

Mutual Funds . USA . 
Fund . Lkcm Small Cap
LKSCX Fund  USD 21.50  0.04  0.19%   
The current 90-days correlation between Lkcm Small Cap and Lkcm Aquinas Catholic is 0.92 (i.e., Almost no 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 0.86 (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

  0.97AQEIX Lkcm Aquinas CatholicPairCorr
  0.97LKBAX Lkcm BalancedPairCorr
  0.96LKEQX Lkcm Equity FundPairCorr
  0.74LKFIX Lkcm Fixed IncomePairCorr
  0.96LKINX Lkcm International EquityPairCorr
  0.99LKSMX Lkcm Small MidPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.99VSGIX Vanguard Small CapPairCorr
  0.99VISGX Vanguard Small CapPairCorr
  0.99VEXPX Vanguard ExplorerPairCorr
  0.99VEXRX Vanguard ExplorerPairCorr
  0.97JGMIX Janus TritonPairCorr
  0.97JGMRX Janus TritonPairCorr
  0.97JGMAX Janus TritonPairCorr
  0.97JGMCX Janus TritonPairCorr
  0.97JGMNX Janus TritonPairCorr
  0.84FSMMX Fs Multi StrategyPairCorr
  0.95BTMPX Ishares Msci EafePairCorr
  0.95BTMKX Blackrock InternationalPairCorr
  0.95MDIIX Blackrock Intern IndexPairCorr
  0.69SPMPX Invesco Steelpath MlpPairCorr
  0.7MLPNX Oppenheimer Steelpath MlpPairCorr
  0.68MLPMX Oppenheimer Steelpath MlpPairCorr
  0.68SPMJX Invesco Steelpath MlpPairCorr
  0.97FMIHX Large Cap FundPairCorr
  0.95PLSPX Principal LifetimePairCorr
  0.97MKFOX Blackrock Large CapPairCorr
  0.99LMUSX Qs Large CapPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr
  0.99BDFFX Baron DiscoveryPairCorr
  0.98SLRYX Simt Large CapPairCorr
  0.96FIQSX Fidelity Advisor FloatingPairCorr
  0.92BTSRX Bts Managed IncomePairCorr
  0.9ARMZX Western Asset AdjustablePairCorr
  0.99VSEIX Jpmorgan Small CapPairCorr
  0.87SMLPX Salient Mlp EnergyPairCorr
  0.96RRTIX T Rowe PricePairCorr
  0.94PDI Pimco Dynamic IncomePairCorr

Related Correlations Analysis

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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.

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