Kensington Managed Correlations

KAMIX Fund

USD 9.75 0.03 0.31%

The current 90-days correlation between Kensington Managed Income and Franklin Real Estate is 0.27 (i.e., Modest diversification). The correlation of Kensington Managed 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 Managed Correlation With Market

Almost no diversification

The correlation between Kensington Managed Income and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kensington Managed Income 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 Managed Income. 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	SAPEX	Spectrum Advisors	Pair Corr
0.91	OTRFX	Ontrack E Fund	Pair Corr
0.71	OTRGX	Ontrack E Fund	Pair Corr
0.97	SUNBX	Spectrum Unconstrained	Pair Corr
0.7	QMLAX	Quantified Market Leaders	Pair Corr
0.71	QMLFX	Quantified Market Leaders	Pair Corr
0.94	SVARX	Spectrum Low Volatility	Pair Corr
0.95	QALAX	Quantified Alternative	Pair Corr
0.95	QALTX	Quantified Alternative	Pair Corr
0.96	QSPMX	Quantified Pattern	Pair Corr
0.85	QSTAX	Quantified Stf	Pair Corr
0.9	QBDAX	Quantified Managed Income	Pair Corr
0.89	QBDSX	Quantified Managed Income	Pair Corr
0.94	QCGDX	Quantified Common Ground	Pair Corr
0.94	QCGAX	Quantified Common Ground	Pair Corr
0.61	QETCX	Quantified Eckhardt	Pair Corr
0.9	QEVOX	Quantified Evolution Plus	Pair Corr
0.88	QGBLX	Quantified Global	Pair Corr
0.87	QGLDX	Gold Bullion	Pair Corr
0.87	QGLCX	Gold Bullion	Pair Corr
1.0	KAMAX	Kensington Managed Income	Pair Corr
1.0	KAMCX	Kensington Managed Income	Pair Corr
0.97	BSICX	Blackrock Strategic Opps	Pair Corr
0.97	BASIX	Blackrock Strategic Opps	Pair Corr
0.95	BSIIX	Blackrock Strategic	Pair Corr
0.96	BSIKX	Blackrock Strategic	Pair Corr
0.95	JSORX	Jpmorgan Strategic Income	Pair Corr
0.93	PMZNX	Pimco Mortgage Oppor	Pair Corr
0.93	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.92	PMZAX	Pimco Mortgage Oppor	Pair Corr
0.95	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.96	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.86	KF	Korea Closed	Pair Corr
0.88	FKRCX	Franklin Gold Precious	Pair Corr
0.94	RSNRX	Victory Global Natural	Pair Corr

Moving against Kensington Mutual Fund

0.8

QFITX

Quantified Tactical Fixed

Pair Corr

Related Correlations Analysis

	FIKMX	IVRSX	NRCFX	MXSFX	PNDIX	FRRSX
FIKMX		0.63	0.88	0.85	0.93	0.91	FIKMX
IVRSX	0.63		0.85	0.93	0.38	0.56	IVRSX
NRCFX	0.88	0.85		0.94	0.76	0.86	NRCFX
MXSFX	0.85	0.93	0.94		0.67	0.76	MXSFX
PNDIX	0.93	0.38	0.76	0.67		0.89	PNDIX
FRRSX	0.91	0.56	0.86	0.76	0.89		FRRSX
	FIKMX	IVRSX	NRCFX	MXSFX	PNDIX	FRRSX

Risk-Adjusted Indicators

There is a big difference between Kensington Mutual Fund performing well and Kensington Managed 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 Managed'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
FIKMX	0.17	0.02	(0.19)	0.27	0.00	(0.20)	0.41	(0.33)	0.99
IVRSX	0.55	0.04	(0.02)	0.23	0.63	(0.57)	1.37	(1.03)	3.15
NRCFX	0.46	0.06	0.00	0.25	0.45	(0.48)	1.19	(0.86)	2.75
MXSFX	0.57	0.07	0.02	0.29	0.60	(0.64)	1.56	(1.08)	3.10
PNDIX	0.05	0.02	0.00	(4.85)	0.00	0.00	0.10	0.00	0.30
FRRSX	0.64	0.11	0.09	0.33	0.53	(0.71)	1.41	(1.23)	8.31

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