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.
Cognios |
Moving together with Cognios Mutual Fund
1.0 | COGMX | Cognios Market Neutral | PairCorr |
0.74 | PFATX | Pimco Fundamental | PairCorr |
0.74 | PTFAX | Pimco Fundamental | PairCorr |
Moving against Cognios Mutual Fund
0.88 | LSHUX | Horizon Spin Off Steady Growth | PairCorr |
0.88 | LSHEX | Kinetics Spin Off Steady Growth | PairCorr |
0.88 | LSHCX | Horizon Spin Off Steady Growth | PairCorr |
0.88 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
0.88 | WWNPX | Kinetics Paradigm Steady Growth | PairCorr |
0.87 | WCPSX | Mobile Telecommunicatio | PairCorr |
0.82 | RSNYX | Victory Global Natural | PairCorr |
0.82 | RSNRX | Victory Global Natural | PairCorr |
0.82 | RGNCX | Victory Global Natural | PairCorr |
0.8 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.8 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.79 | NAESX | Vanguard Small Cap | PairCorr |
0.73 | HFCGX | Hennessy Nerstone Growth | PairCorr |
0.72 | BDMAX | Blackrock Global Long | PairCorr |
0.72 | BDMIX | Blackrock Gbl Lng | PairCorr |
0.72 | BGCKX | Blackrock Global Lon | PairCorr |
0.7 | BDMCX | Blackrock Global Lng | PairCorr |
0.66 | QMNRX | Aqr Equity Market | PairCorr |
0.87 | KMKNX | Kinetics Market Oppo Steady Growth | PairCorr |
0.87 | GUMPX | Guggenheim Market Neutral | PairCorr |
0.85 | AMEIX | Equity Growth | PairCorr |
0.85 | SDGTX | Deutsche Capital Growth | PairCorr |
0.84 | WCEYX | Ivy E Equity | PairCorr |
0.84 | LGPIX | Large Cap Growth | PairCorr |
0.83 | THLCX | Thrivent Large Cap | PairCorr |
0.83 | TEGYX | Mid Cap Growth | PairCorr |
0.82 | CPLIX | Calamos Phineus Longshort | PairCorr |
0.8 | FSRBX | Banking Portfolio Banking | PairCorr |
0.79 | PWTAX | Ubs Allocation | PairCorr |
0.79 | VSEQX | Vanguard Strategic Equity | PairCorr |
0.77 | VFMFX | Vanguard Multifactor | PairCorr |
0.74 | TRLCX | Tiaa-cref Large-cap | PairCorr |
0.72 | PRDSX | T Rowe Price | PairCorr |
Related Correlations Analysis
0.59 | 0.93 | 0.56 | 0.18 | 0.86 | VCMIX | ||
0.59 | 0.57 | 0.92 | 0.36 | 0.59 | CNREX | ||
0.93 | 0.57 | 0.6 | 0.01 | 0.91 | TIRRX | ||
0.56 | 0.92 | 0.6 | 0.26 | 0.63 | DAREX | ||
0.18 | 0.36 | 0.01 | 0.26 | 0.29 | MURSX | ||
0.86 | 0.59 | 0.91 | 0.63 | 0.29 | TRRSX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
VCMIX | 0.12 | 0.00 | (0.72) | (0.03) | 0.11 | 0.24 | 0.69 | |||
CNREX | 0.62 | 0.01 | (0.08) | 0.16 | 0.78 | 1.22 | 3.86 | |||
TIRRX | 0.70 | 0.02 | (0.09) | 0.24 | 0.85 | 1.33 | 3.78 | |||
DAREX | 0.69 | 0.00 | (0.07) | 0.13 | 0.84 | 1.37 | 3.85 | |||
MURSX | 0.45 | 0.08 | (0.05) | (6.04) | 0.35 | 1.28 | 3.61 | |||
TRRSX | 0.70 | 0.04 | (0.08) | 0.43 | 0.80 | 1.24 | 3.58 |