Kensington Active Correlations

KADIX Fund

USD 10.30 0.04 0.39%

The current 90-days correlation between Kensington Active and Vanguard Growth And is 0.96 (i.e., Almost no diversification). The correlation of Kensington Active 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.

Kensington Active Correlation With Market

Very poor diversification

The correlation between Kensington Active Advantage and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kensington Active Advantage 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 Kensington Active Advantage. 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 Kensington Mutual Fund

0.76	DFNDX	Kensington Defender	Pair Corr
1.0	KADAX	Kensington Active	Pair Corr
1.0	KADCX	Kensington Active	Pair Corr
0.7	KAGAX	Kensington Dynamic Growth	Pair Corr
0.68	KAGCX	Kensington Dynamic Growth	Pair Corr
0.7	KAGIX	Kensington Dynamic Growth	Pair Corr
0.69	PFN	Pimco Income Strategy	Pair Corr
0.84	XNKGX	Nuveen Georgia Quality	Pair Corr
0.82	XPPRX	Voya Prime Rate	Pair Corr
0.87	PCF	Putnam High Income	Pair Corr
0.87	CFCRX	Columbia Flexible Capital	Pair Corr
0.74	JRI	Nuveen Real Asset	Pair Corr
0.99	FBALX	Fidelity Balanced	Pair Corr
0.91	FIKHX	Fidelity Advisor Tec	Pair Corr
0.84	MERDX	Meridian Growth	Pair Corr
0.99	LGWIX	Ladenburg Growth	Pair Corr
0.99	VFINX	Vanguard 500 Index	Pair Corr
0.93	WCPSX	Mobile Telecommunicatio	Pair Corr
0.99	VIGAX	Vanguard Growth Index	Pair Corr
0.95	VEXRX	Vanguard Explorer	Pair Corr
0.67	FCWRX	Templeton China World	Pair Corr
0.9	VTWAX	Vanguard Total World	Pair Corr

Moving against Kensington Mutual Fund

0.5	PAUPX	Pimco All Asset	Pair Corr
0.48	PAUIX	Pimco All Asset	Pair Corr
0.65	XNXJX	Nuveen New Jersey	Pair Corr
0.57	XNBHX	Neuberger Berman Int	Pair Corr
0.42	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	VGIAX	QUAIX	APDSX	LGLSX	QLMSTX	GPSCX	CIPMX
VGIAX		0.94	0.93	0.95	0.94	0.86	0.92	VGIAX
QUAIX	0.94		0.92	0.94	0.93	0.9	0.91	QUAIX
APDSX	0.93	0.92		0.88	0.96	0.85	0.93	APDSX
LGLSX	0.95	0.94	0.88		0.93	0.92	0.92	LGLSX
QLMSTX	0.94	0.93	0.96	0.93		0.94	0.98	QLMSTX
GPSCX	0.86	0.9	0.85	0.92	0.94		0.94	GPSCX
CIPMX	0.92	0.91	0.93	0.92	0.98	0.94		CIPMX
	VGIAX	QUAIX	APDSX	LGLSX	QLMSTX	GPSCX	CIPMX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Kensington Mutual Fund performing well and Kensington Active 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 Kensington Active'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
VGIAX	0.57	0.01	(0.01)	0.14	0.68	(0.61)	1.25	(1.44)	4.06
QUAIX	0.94	0.16	0.04	0.86	1.03	(1.00)	1.92	(2.14)	6.76
APDSX	0.95	0.01	0.03	0.14	1.14	(0.96)	2.03	(1.99)	5.77
LGLSX	0.91	0.23	0.08	2.78	1.07	(0.94)	2.65	(1.69)	5.57
QLMSTX	0.86	0.01	0.05	0.14	0.91	(0.92)	1.93	(1.65)	6.85
GPSCX	1.08	0.16	0.06	0.50	1.10	(1.21)	2.33	(1.84)	5.55
CIPMX	0.65	0.02	0.01	0.15	0.71	(0.69)	1.24	(1.23)	4.05

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