Frost Kempner Correlations

Mutual Funds . USA . 
Fund . Frost Kempner Multi Cap
FAKDX Fund  USD 11.98  0.02  0.17%   
The current 90-days correlation between Frost Kempner Multi and Frost Growth Equity is 0.36 (i.e., Weak diversification). The correlation of Frost Kempner 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.

Frost Kempner Correlation With Market

Weak diversification

The correlation between Frost Kempner Multi Cap and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frost Kempner Multi Cap 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 Frost Kempner Multi 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 unemployment.

Moving together with Frost Mutual Fund

  0.83FIKDX Frost Kempner MultiPairCorr
  0.68AFMFX American MutualPairCorr
  0.68FFMMX American Funds AmericanPairCorr
  0.68FFFMX American Funds AmericanPairCorr
  0.68AMRMX American MutualPairCorr
  0.76AMFFX American MutualPairCorr
  0.77AMFCX American MutualPairCorr
  0.76DODGX Dodge Stock FundPairCorr
  0.61SMPIX Semiconductor UltrasectorPairCorr
  0.71SMPSX Semiconductor UltrasectorPairCorr
  0.63LSHEX Kinetics Spin OffPairCorr
  0.63LSHUX Horizon Spin OffPairCorr
  0.68LSHAX Horizon Spin OffPairCorr
  0.65LSHCX Horizon Spin OffPairCorr
  0.61KNPAX Kinetics ParadigmPairCorr
  0.63KNPCX Kinetics ParadigmPairCorr

Moving against Frost Mutual Fund

  0.74RRPSX Rising Rates OpportunityPairCorr
  0.5QLENX Aqr Long ShortPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FIKTX
+ 0.93
FADLX
FATRX
+ 0.63
FADLX
FIKDX
+ 0.47
FATRX
FIKTX
+ 0.41
FATRX
FADLX
+ 0.38
FACEX
FIKTX
+ 0.36
FACEX
  
High negative correlations   
FIKTX
- 0.31
FIKDX
FIKDX
- 0.11
FADLX

Risk-Adjusted Indicators

There is a big difference between Frost Mutual Fund performing well and Frost Kempner 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 Frost Kempner'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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