Knights Of Correlations

KCRIX Fund

USD 8.13 0.02 0.25%

The current 90-days correlation between Knights Of Columbus and Applied Finance Explorer is 0.42 (i.e., Very weak 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

Modest diversification

The correlation between Knights Of Columbus and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knights Of Columbus 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 Columbus. 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 Knights Mutual Fund

0.78	O	Realty Income	Pair Corr
0.91	FR	First Industrial Realty	Pair Corr
0.88	HR	Healthcare Realty Trust	Pair Corr
0.91	KW	Kennedy Wilson Holdings	Pair Corr
0.79	UE	Urban Edge Properties	Pair Corr
0.91	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.83	ADC-PA	Agree Realty	Pair Corr
0.64	VNO-PL	Vornado Realty Trust	Pair Corr
0.69	VNO-PM	Vornado Realty Trust	Pair Corr
0.63	VNO-PO	Vornado Realty Trust	Pair Corr
0.96	VICI	VICI Properties	Pair Corr
0.64	MITT-PB	AG Mortgage Investment	Pair Corr
0.88	ELME	Elme Communities	Pair Corr
0.86	EPRT	Essential Properties	Pair Corr
0.75	WELL	Welltower	Pair Corr
0.83	ESBA	Empire State Realty	Pair Corr
0.9	ESRT	Empire State Realty	Pair Corr
0.64	WHLR	Wheeler Real Estate	Pair Corr
0.81	EXPI	eXp World Holdings	Pair Corr

Moving against Knights Mutual Fund

0.4	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.63	MITT-PC	AG Mortgage Investment	Pair Corr
0.38	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	AFDVX	VVSCX	QRSAX	RSPMX	FCPVX	WBVNX	MAVKX	HRVIX
AFDVX		0.95	0.95	0.97	0.95	0.98	0.97	0.98	AFDVX
VVSCX	0.95		0.97	0.93	0.99	0.97	0.96	0.96	VVSCX
QRSAX	0.95	0.97		0.95	0.96	0.99	0.95	0.98	QRSAX
RSPMX	0.97	0.93	0.95		0.92	0.97	0.97	0.97	RSPMX
FCPVX	0.95	0.99	0.96	0.92		0.96	0.93	0.94	FCPVX
WBVNX	0.98	0.97	0.99	0.97	0.96		0.97	0.99	WBVNX
MAVKX	0.97	0.96	0.95	0.97	0.93	0.97		0.97	MAVKX
HRVIX	0.98	0.96	0.98	0.97	0.94	0.99	0.97		HRVIX
	AFDVX	VVSCX	QRSAX	RSPMX	FCPVX	WBVNX	MAVKX	HRVIX

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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
AFDVX	0.81	(0.04)	0.00	(0.05)	0.00	0.00	1.70	(1.40)	9.22
VVSCX	0.90	0.00	(0.01)	0.03	1.19	(0.98)	1.82	(1.78)	10.88
QRSAX	0.75	(0.02)	0.00	(0.04)	0.00	0.00	1.36	(1.30)	9.42
RSPMX	0.82	(0.06)	0.00	(0.11)	0.00	0.00	1.57	(1.62)	11.48
FCPVX	0.83	0.00	(0.01)	0.03	1.06	(0.90)	1.60	(1.67)	10.16
WBVNX	0.90	(0.04)	0.00	(0.07)	0.00	0.00	1.73	(1.94)	10.23
MAVKX	0.90	(0.03)	0.00	(0.05)	0.00	0.00	1.73	(1.84)	12.01
HRVIX	0.88	(0.03)	0.00	(0.04)	0.00	0.00	1.59	(1.66)	10.66

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