Kngt Clb Correlations

KCVIX Fund

USD 19.63 0.01 0.05%

The current 90-days correlation between Kngt Clb Larg and Ms Global Fixed is -0.08 (i.e., Good diversification). The correlation of Kngt Clb 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.

Kngt Clb Correlation With Market

Almost no diversification

The correlation between Kngt Clb Larg and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kngt Clb Larg 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 Kngt Clb Larg. 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 Kngt Mutual Fund

0.96	KCEIX	Knights Of Columbus	Pair Corr
0.94	KCGSX	Knights Of Umbus	Pair Corr
0.94	KCGIX	Kngt Clb Larg	Pair Corr
0.95	KCSIX	Kngt Clb Sml	Pair Corr
0.95	KCSSX	Knights Of Umbus	Pair Corr
1.0	KCVSX	Knights Of Umbus	Pair Corr
0.97	KCXIX	Knights Of Columbus	Pair Corr
0.97	VVIAX	Vanguard Value Index	Pair Corr
0.98	DOXGX	Dodge Cox Stock	Pair Corr
0.87	AFMFX	American Mutual	Pair Corr
0.87	FFMMX	American Funds American	Pair Corr
0.87	FFFMX	American Funds American	Pair Corr
0.87	AMRMX	American Mutual	Pair Corr
0.87	AMFFX	American Mutual	Pair Corr
0.86	AMFCX	American Mutual	Pair Corr
0.98	DODGX	Dodge Stock Fund	Pair Corr
0.97	VIVAX	Vanguard Value Index	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VINIX	Vanguard Institutional	Pair Corr
0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.96	SWPPX	Schwab Sp 500	Pair Corr
0.96	VEXRX	Vanguard Explorer	Pair Corr
0.72	FAIGX	Fidelity Advisor Balanced	Pair Corr
0.98	LGWIX	Ladenburg Growth	Pair Corr
0.97	ARIDX	Amg River Road	Pair Corr

Moving against Kngt Mutual Fund

0.72	KCCIX	Knights Of Columbus	Pair Corr
0.72	KCCSX	Knights Of Umbus	Pair Corr
0.32	VTISX	Vanguard Total Inter	Pair Corr
0.32	VTSNX	Vanguard Total Inter	Pair Corr
0.32	VTPSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	MFIRX	MGKAX	BXFIX	EQTYX	USLUX	WRLDX	WIGOX
MFIRX		0.19	0.13	0.33	0.14	0.35	0.42	MFIRX
MGKAX	0.19		0.36	0.22	0.6	0.86	0.71	MGKAX
BXFIX	0.13	0.36		-0.43	0.69	0.61	0.71	BXFIX
EQTYX	0.33	0.22	-0.43		-0.24	0.19	0.09	EQTYX
USLUX	0.14	0.6	0.69	-0.24		0.75	0.73	USLUX
WRLDX	0.35	0.86	0.61	0.19	0.75		0.86	WRLDX
WIGOX	0.42	0.71	0.71	0.09	0.73	0.86		WIGOX
	MFIRX	MGKAX	BXFIX	EQTYX	USLUX	WRLDX	WIGOX

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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

WRLDX	+ 0.86	MGKAX
WIGOX	+ 0.86	WRLDX
WRLDX	+ 0.75	USLUX
WIGOX	+ 0.73	USLUX
WIGOX	+ 0.71	MGKAX
WIGOX	+ 0.71	BXFIX

High negative correlations

EQTYX	- 0.43	BXFIX
USLUX	- 0.24	EQTYX

Risk-Adjusted Indicators

There is a big difference between Kngt Mutual Fund performing well and Kngt Clb 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 Kngt Clb'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
MFIRX	0.09	0.01	(0.46)	(0.83)	0.00	(0.23)	0.19	(0.19)	0.76
MGKAX	0.73	(0.06)	(0.10)	0.02	0.90	(0.69)	1.39	(1.20)	3.63
BXFIX	0.07	0.02	0.00	1.58	0.00	0.00	0.12	(0.11)	0.81
EQTYX	0.41	(0.01)	(0.17)	0.07	0.41	(0.60)	1.11	(0.91)	2.53
USLUX	0.76	(0.04)	(0.06)	0.06	0.88	(0.80)	1.79	(1.59)	5.91
WRLDX	0.49	(0.02)	(0.12)	0.08	0.45	(0.56)	0.92	(0.97)	2.75
WIGOX	0.76	(0.02)	(0.02)	0.10	0.74	(0.90)	1.54	(1.24)	4.08

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