Kensington Managed Correlations

Mutual Funds . USA . 
Fund . Kensington Managed Income
KAMIX Fund  USD 9.76  0.01  0.10%   
The current 90-days correlation between Kensington Managed Income and Vy Clarion Real is 0.02 (i.e., Significant 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

Very poor diversification

The correlation between Kensington Managed Income and DJI is 0.86 (i.e., Very poor 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

  0.95OTRFX Ontrack E FundPairCorr
  0.78OTRGX Ontrack E FundPairCorr
  0.96SUNBX Spectrum UnconstrainedPairCorr
  0.84QMLAX Quantified Market LeadersPairCorr
  0.88QMLFX Quantified Market LeadersPairCorr
  0.94SVARX Spectrum Low VolatilityPairCorr
  0.96QRDTX Quantified RisingPairCorr
  0.97QALAX Quantified AlternativePairCorr
  0.97QALTX Quantified AlternativePairCorr
  0.84QSPMX Quantified PatternPairCorr
  0.65QSTAX Quantified StfPairCorr
  0.88QBDAX Quantified Managed IncomePairCorr
  0.87QBDSX Quantified Managed IncomePairCorr
  0.9QCGDX Quantified Common GroundPairCorr
  0.92QCGAX Quantified Common GroundPairCorr
  0.93QETCX Quantified Eckhardt Steady GrowthPairCorr
  0.94QEVOX Quantified Evolution PlusPairCorr
  0.9QGLDX Gold BullionPairCorr
  0.9QGLCX Gold BullionPairCorr
  1.0KAMAX Kensington Managed IncomePairCorr
  1.0KAMCX Kensington Managed IncomePairCorr
  0.97BSICX Blackrock Strategic OppsPairCorr
  0.97BASIX Blackrock Strategic OppsPairCorr
  0.96BSIIX Blackrock StrategicPairCorr
  0.97BSIKX Blackrock StrategicPairCorr
  0.92PMZNX Pimco Mortgage OpporPairCorr
  0.9PMZCX Pimco Mortgage OpporPairCorr
  0.91PMZAX Pimco Mortgage OpporPairCorr
  0.95JSORX Jpmorgan Strategic IncomePairCorr
  0.95JSOZX Jpmorgan Strategic IncomePairCorr
  0.95JSOCX Jpmorgan Strategic IncomePairCorr
  0.85SMPIX Semiconductor UltrasectorPairCorr
  0.88SMPSX Semiconductor UltrasectorPairCorr
  0.91PMPIX Precious Metals Ultr Steady GrowthPairCorr

Moving against Kensington Mutual Fund

  0.83QFITX Quantified Tactical FixedPairCorr
  0.8QGITX Quantified GovernmentPairCorr

Related Correlations Analysis


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.

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