Cognios Market Correlations

COGIX Fund  USD 13.02  0.04  0.31%   
The current 90-days correlation between Cognios Market Neutral and Versus Capital Multi Manager is 0.14 (i.e., Average diversification). The correlation of Cognios Market 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.

Cognios Market Correlation With Market

Average diversification

The correlation between Cognios Market Neutral and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cognios Market Neutral and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cognios Market Neutral. 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 Cognios Mutual Fund

  1.0COGMX Cognios Market NeutralPairCorr
  0.74PFATX Pimco FundamentalPairCorr
  0.74PTFAX Pimco FundamentalPairCorr

Moving against Cognios Mutual Fund

  0.88LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.88LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.88LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.88LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.88WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.87WCPSX Mobile TelecommunicatioPairCorr
  0.82RSNYX Victory Global NaturalPairCorr
  0.82RSNRX Victory Global NaturalPairCorr
  0.82RGNCX Victory Global NaturalPairCorr
  0.8SMPSX Semiconductor UltrasectorPairCorr
  0.8SMPIX Semiconductor UltrasectorPairCorr
  0.79NAESX Vanguard Small CapPairCorr
  0.73HFCGX Hennessy Nerstone GrowthPairCorr
  0.72BDMAX Blackrock Global LongPairCorr
  0.72BDMIX Blackrock Gbl LngPairCorr
  0.72BGCKX Blackrock Global LonPairCorr
  0.7BDMCX Blackrock Global LngPairCorr
  0.66QMNRX Aqr Equity MarketPairCorr
  0.87KMKNX Kinetics Market Oppo Steady GrowthPairCorr
  0.87GUMPX Guggenheim Market NeutralPairCorr
  0.85AMEIX Equity GrowthPairCorr
  0.85SDGTX Deutsche Capital GrowthPairCorr
  0.84WCEYX Ivy E EquityPairCorr
  0.84LGPIX Large Cap GrowthPairCorr
  0.83THLCX Thrivent Large CapPairCorr
  0.83TEGYX Mid Cap GrowthPairCorr
  0.82CPLIX Calamos Phineus LongshortPairCorr
  0.8FSRBX Banking Portfolio BankingPairCorr
  0.79PWTAX Ubs AllocationPairCorr
  0.79VSEQX Vanguard Strategic EquityPairCorr
  0.77VFMFX Vanguard MultifactorPairCorr
  0.74TRLCX Tiaa-cref Large-capPairCorr
  0.72PRDSX T Rowe PricePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Cognios Mutual Fund performing well and Cognios Market 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 Cognios Market'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.