K2 Alternative Correlations

FABZX Fund

USD 11.14 0.04 0.36%

The current 90-days correlation between K2 Alternative Strategies and Vanguard Information Technology is 0.11 (i.e., Average diversification). The correlation of K2 Alternative 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.

K2 Alternative Correlation With Market

Good diversification

The correlation between K2 Alternative Strategies and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding K2 Alternative Strategies and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in K2 Alternative Strategies. 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 FABZX Mutual Fund

0.65	TEMMX	Templeton Emerging	Pair Corr
0.65	TEMZX	Templeton Emerging	Pair Corr

Moving against FABZX Mutual Fund

0.41	TEMIX	Franklin Mutual European	Pair Corr
0.41	TEURX	Franklin Mutual European	Pair Corr
0.31	TEQIX	Franklin Mutual Quest	Pair Corr
0.68	WAADX	Western Asset Smash	Pair Corr
0.68	SBAYX	Western Asset Adjustable	Pair Corr
0.32	WAARX	Western Asset Total	Pair Corr
0.31	FQTIX	Franklin Strategic Series	Pair Corr

Related Correlations Analysis

	VITAX	ROGSX	TEFQX	RAGTX	TOWTX	DTEYX
VITAX		0.62	0.37	0.83	0.31	0.6	VITAX
ROGSX	0.62		0.49	0.62	0.44	0.55	ROGSX
TEFQX	0.37	0.49		0.47	0.84	0.82	TEFQX
RAGTX	0.83	0.62	0.47		0.51	0.64	RAGTX
TOWTX	0.31	0.44	0.84	0.51		0.76	TOWTX
DTEYX	0.6	0.55	0.82	0.64	0.76		DTEYX
	VITAX	ROGSX	TEFQX	RAGTX	TOWTX	DTEYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between FABZX Mutual Fund performing well and K2 Alternative 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 K2 Alternative'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
VITAX	1.13	(0.03)	0.00	(0.07)	0.00	0.00	2.01	(2.69)	7.45
ROGSX	1.03	(0.08)	0.00	0.30	0.00	0.00	1.67	(3.25)	7.12
TEFQX	1.44	0.08	0.04	0.08	1.84	(1.48)	2.92	(2.93)	8.10
RAGTX	1.21	(0.04)	0.00	(0.09)	0.00	0.00	2.20	(3.08)	7.51
TOWTX	0.63	(0.02)	0.00	(0.08)	0.00	0.00	1.19	(1.75)	4.86
DTEYX	1.14	(0.06)	0.00	(0.11)	0.00	0.00	1.98	(3.16)	6.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC