Korea Closed Correlations

KF Fund

USD 20.15 0.10 0.50%

The current 90-days correlation between Korea Closed and Pimco New York is -0.1 (i.e., Good diversification). The correlation of Korea Closed 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.

Korea Closed Correlation With Market

Modest diversification

The correlation between Korea Closed and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korea Closed 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 Korea Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Korea Fund

0.71	MXF	Mexico Closed Potential Growth	Pair Corr
0.9	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr
0.89	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Korea Fund

0.86	FEMDX	Franklin Emerging Market	Pair Corr
0.84	CSQ	Calamos Strategic Total	Pair Corr
0.84	CHY	Calamos Convertible And	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.82	CHI	Calamos Convertible	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.75	FEN	First Trust Energy	Pair Corr
0.73	STFGX	State Farm Growth	Pair Corr
0.71	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.69	SCRYX	Small Cap Core	Pair Corr
0.62	RIV	Rivernorth Opportunities	Pair Corr
0.93	WMT	Walmart Aggressive Push	Pair Corr
0.91	T	ATT Inc Aggressive Push	Pair Corr
0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.86	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.51	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.33	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	PYN	FGB	NXG	TWN	JOF	HIX	HIO	HYI
PYN		0.18	-0.17	-0.05	0.61	0.32	0.45	0.4	PYN
FGB	0.18		0.81	0.31	-0.46	0.77	0.65	0.63	FGB
NXG	-0.17	0.81		0.21	-0.62	0.67	0.54	0.51	NXG
TWN	-0.05	0.31	0.21		-0.04	0.37	0.35	0.43	TWN
JOF	0.61	-0.46	-0.62	-0.04		-0.18	0.0	0.07	JOF
HIX	0.32	0.77	0.67	0.37	-0.18		0.9	0.82	HIX
HIO	0.45	0.65	0.54	0.35	0.0	0.9		0.81	HIO
HYI	0.4	0.63	0.51	0.43	0.07	0.82	0.81		HYI
	PYN	FGB	NXG	TWN	JOF	HIX	HIO	HYI

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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

HIO	+ 0.9	HIX
HYI	+ 0.82	HIX
NXG	+ 0.81	FGB
HYI	+ 0.81	HIO
HIX	+ 0.77	FGB
HIX	+ 0.67	NXG

High negative correlations

JOF	- 0.62	NXG
JOF	- 0.46	FGB
HIX	- 0.18	JOF
NXG	- 0.17	PYN
TWN	- 0.05	PYN
JOF	- 0.04	TWN

Risk-Adjusted Indicators

There is a big difference between Korea Fund performing well and Korea Closed 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 Korea Closed'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
PYN	0.48	(0.01)	0.00	0.20	0.00	0.00	1.13	(0.99)	3.30
FGB	0.70	0.12	0.03	0.59	0.72	(0.86)	1.59	(1.25)	9.47
NXG	0.75	0.32	0.29	0.72	0.00	(0.85)	2.57	(0.94)	5.18
TWN	1.27	(0.06)	(0.06)	0.04	1.63	(1.39)	2.97	(2.40)	9.76
JOF	0.72	(0.11)	0.00	(0.13)	0.00	0.00	1.72	(1.33)	4.31
HIX	0.39	0.05	(0.11)	0.59	0.29	(0.52)	0.92	(0.68)	2.52
HIO	0.41	0.02	(0.11)	0.22	0.41	(0.58)	1.28	(1.01)	2.84
HYI	0.44	0.03	(0.13)	0.37	0.46	(0.51)	1.18	(0.93)	2.55

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