Knights Of Correlations

KCCSX Fund

USD 8.77 0.08 0.92%

The current 90-days correlation between Knights Of Umbus and Knights Of Columbus is -0.18 (i.e., Good diversification). The correlation of Knights Of 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.

Knights Of Correlation With Market

Good diversification

The correlation between Knights Of Umbus and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knights Of Umbus 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 Knights Of Umbus. 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 state.

Moving together with Knights Mutual Fund

1.0	KCCIX	Knights Of Columbus	Pair Corr
1.0	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
1.0	VTBSX	Vanguard Total Bond	Pair Corr
1.0	VTBIX	Vanguard Total Bond	Pair Corr
1.0	VTBNX	Vanguard Total Bond	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
1.0	BFACX	Bond Fund	Pair Corr
0.99	FFBOX	American Funds	Pair Corr

Moving against Knights Mutual Fund

0.81	KCEIX	Knights Of Columbus	Pair Corr
0.79	KCXIX	Knights Of Columbus	Pair Corr
0.76	KCVSX	Knights Of Umbus	Pair Corr
0.75	KCGSX	Knights Of Umbus	Pair Corr
0.75	KCGIX	Kngt Clb Larg	Pair Corr
0.74	KCVIX	Kngt Clb Larg	Pair Corr
0.64	KCSIX	Kngt Clb Sml	Pair Corr
0.64	KCSSX	Knights Of Umbus	Pair Corr
0.79	AULYX	Ultra Fund Y	Pair Corr
0.75	EGLAX	Eagle Mlp Strategy	Pair Corr
0.75	TRHZX	T Rowe Price	Pair Corr
0.74	NUESX	Northern Quality Esg	Pair Corr
0.72	JGMAX	Janus Triton	Pair Corr
0.69	FIFRX	Franklin Growth	Pair Corr
0.56	ETILX	Eventide Gilead	Pair Corr
0.52	FBMTX	American Funds 2065	Pair Corr
0.34	CAACX	Calvert Aggressive	Pair Corr

Related Correlations Analysis

	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLIX	KCLSX	KCRIX
KCCSX		-0.81	-0.75	-0.75	0.11	0.11	0.56	0.53	0.54	KCCSX
KCEIX	-0.81		0.93	0.93	0.06	0.06	-0.12	-0.08	-0.2	KCEIX
KCGSX	-0.75	0.93		1.0	0.23	0.24	-0.05	-0.01	-0.06	KCGSX
KCGIX	-0.75	0.93	1.0		0.23	0.23	-0.05	-0.01	-0.06	KCGIX
KCISX	0.11	0.06	0.23	0.23		1.0	0.27	0.28	0.16	KCISX
KCIIX	0.11	0.06	0.24	0.23	1.0		0.27	0.28	0.16	KCIIX
KCLIX	0.56	-0.12	-0.05	-0.05	0.27	0.27		0.98	0.78	KCLIX
KCLSX	0.53	-0.08	-0.01	-0.01	0.28	0.28	0.98		0.79	KCLSX
KCRIX	0.54	-0.2	-0.06	-0.06	0.16	0.16	0.78	0.79		KCRIX
	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLIX	KCLSX	KCRIX

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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

KCGIX	+ 1.0	KCGSX
KCIIX	+ 1.0	KCISX
KCLSX	+ 0.98	KCLIX
KCGSX	+ 0.93	KCEIX
KCGIX	+ 0.93	KCEIX
KCRIX	+ 0.79	KCLSX

High negative correlations

KCEIX	- 0.81	KCCSX
KCGIX	- 0.75	KCCSX
KCGSX	- 0.75	KCCSX
KCRIX	- 0.2	KCEIX
KCLIX	- 0.12	KCEIX
KCLSX	- 0.08	KCEIX

Risk-Adjusted Indicators

There is a big difference between Knights Mutual Fund performing well and Knights Of 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 Knights Of'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
KCCSX	0.21	(0.03)	0.00	0.49	0.00	0.00	0.45	(0.57)	1.24
KCEIX	0.26	0.06	(0.15)	0.55	0.00	(0.34)	0.60	(0.43)	2.03
KCGSX	0.65	0.00	(0.01)	0.13	0.88	(0.67)	1.36	(1.53)	4.46
KCGIX	0.64	0.01	(0.01)	0.13	0.86	(0.64)	1.35	(1.52)	4.48
KCISX	0.57	(0.09)	0.00	(0.06)	0.00	0.00	1.16	(1.50)	3.57
KCIIX	0.57	(0.09)	0.00	(0.06)	0.00	0.00	1.15	(1.57)	3.64
KCLIX	0.06	0.00	(0.83)	0.17	0.02	(0.11)	0.10	(0.10)	0.62
KCLSX	0.07	0.00	(0.95)	0.09	0.00	(0.12)	0.10	(0.10)	0.51
KCRIX	0.65	0.03	(0.08)	0.35	0.77	(0.69)	1.16	(1.14)	4.12

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