Kopernik International Correlations

KGIIX Fund

USD 13.23 0.03 0.23%

The current 90-days correlation between Kopernik International and L Abbett Growth is 0.08 (i.e., Significant diversification). The correlation of Kopernik International 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.

Kopernik International Correlation With Market

Average diversification

The correlation between Kopernik International Fund and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kopernik International Fund 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 Kopernik International Fund. 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 Kopernik Mutual Fund

0.99	KGGIX	Kopernik Global All	Pair Corr
0.99	KGGAX	Kopernik Global All	Pair Corr
1.0	KGIRX	Kopernik International	Pair Corr
0.85	DOXFX	Dodge Cox International	Pair Corr
0.85	DODFX	Dodge International Stock	Pair Corr
0.64	FINVX	Fidelity Series Inte	Pair Corr
0.9	VTRIX	Vanguard International	Pair Corr
0.72	VTISX	Vanguard Total Inter	Pair Corr
0.72	VTSNX	Vanguard Total Inter	Pair Corr
0.72	VTPSX	Vanguard Total Inter	Pair Corr

Moving against Kopernik Mutual Fund

0.4	VFFSX	Vanguard 500 Index	Pair Corr
0.4	VFIAX	Vanguard 500 Index	Pair Corr
0.36	VSTSX	Vanguard Total Stock	Pair Corr
0.36	VSMPX	Vanguard Total Stock	Pair Corr
0.36	VITSX	Vanguard Total Stock	Pair Corr
0.8	GGNPX	Goldman Sachs High	Pair Corr
0.79	FRSAX	Federated Floating Rate	Pair Corr
0.77	LCTIX	Leader Total Return	Pair Corr
0.77	FMUSX	Federated Municipal	Pair Corr
0.64	ASDCX	Aamhimco Short Duration	Pair Corr
0.47	TNBMX	T Rowe Price	Pair Corr
0.36	VTSAX	Vanguard Total Stock	Pair Corr
0.35	MBSAX	Multisector Bond Sma	Pair Corr
0.82	QNZRX	Aqr Sustainable Long	Pair Corr
0.74	MSEGX	Growth Portfolio Class Steady Growth	Pair Corr

Related Correlations Analysis

	LGLSX	SRGAX	ARTSX	PIGDX	GGRYX	NEAIX
LGLSX		0.25	0.65	-0.04	0.32	0.84	LGLSX
SRGAX	0.25		0.78	0.88	0.98	0.51	SRGAX
ARTSX	0.65	0.78		0.57	0.83	0.87	ARTSX
PIGDX	-0.04	0.88	0.57		0.87	0.29	PIGDX
GGRYX	0.32	0.98	0.83	0.87		0.59	GGRYX
NEAIX	0.84	0.51	0.87	0.29	0.59		NEAIX
	LGLSX	SRGAX	ARTSX	PIGDX	GGRYX	NEAIX

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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

GGRYX	+ 0.98	SRGAX
PIGDX	+ 0.88	SRGAX
NEAIX	+ 0.87	ARTSX
GGRYX	+ 0.87	PIGDX
NEAIX	+ 0.84	LGLSX
GGRYX	+ 0.83	ARTSX

High negative correlations

PIGDX

- 0.04

LGLSX

Risk-Adjusted Indicators

There is a big difference between Kopernik Mutual Fund performing well and Kopernik International 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 Kopernik International'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
LGLSX	1.18	0.16	0.07	0.40	1.59	(1.19)	2.65	(2.44)	8.91
SRGAX	0.46	(0.02)	(0.10)	0.02	0.68	(0.51)	0.89	(1.03)	4.19
ARTSX	1.03	0.05	0.01	0.17	1.31	(1.03)	2.14	(2.19)	6.98
PIGDX	0.60	(0.02)	(0.09)	0.04	0.84	(0.57)	0.95	(1.26)	3.41
GGRYX	0.42	(0.02)	(0.12)	0.03	0.58	(0.46)	0.86	(0.76)	3.17
NEAIX	1.16	0.05	0.01	0.19	1.43	(1.20)	2.28	(2.27)	9.37

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