Kkr Income Correlations

KIO Fund

USD 11.60 0.02 0.17%

The current 90-days correlation between Kkr Income Opportunities and Calamos Global Dynamic is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kkr Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kkr Income Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kkr Income Correlation With Market

Very weak diversification

The correlation between Kkr Income Opportunities and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kkr Income Opportunities 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 Kkr Income Opportunities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Kkr Fund

0.68	UTACX	Aquila Tax Free	Pair Corr
0.68	KTXIX	Kansas Tax	Pair Corr
0.63	CFSTX	Short Term	Pair Corr
0.52	TCPAX	Touchstone Total Return	Pair Corr
0.46	AGVSX	Invesco Government	Pair Corr
0.39	DNP	Dnp Select Income	Pair Corr
0.38	ADX	Adams Diversified Equity	Pair Corr
0.66	UTAYX	Aquila Tax Free	Pair Corr
0.62	USCBX	California Bond	Pair Corr
0.54	HSNYX	The Hartford Strategic	Pair Corr
0.44	VGWIX	Vanguard Global Wellesley	Pair Corr
0.42	PPIAX	Deutsche Short Duration	Pair Corr
0.32	BIVRX	Balter Invenomic	Pair Corr

Related Correlations Analysis

	CHW	NCV	NBB	PCQ	NPFD	FRA	NMIMX	HPI	RPGRX	ADCCX
CHW		0.52	0.15	0.11	0.47	0.72	-0.05	0.48	0.12	0.03	CHW
NCV	0.52		0.01	0.22	0.37	-0.02	0.36	0.01	0.61	0.32	NCV
NBB	0.15	0.01		0.55	0.57	0.31	-0.53	0.67	-0.3	-0.6	NBB
PCQ	0.11	0.22	0.55		0.27	0.18	-0.21	0.35	-0.02	-0.09	PCQ
NPFD	0.47	0.37	0.57	0.27		0.5	-0.5	0.73	-0.11	-0.55	NPFD
FRA	0.72	-0.02	0.31	0.18	0.5		-0.58	0.78	-0.48	-0.39	FRA
NMIMX	-0.05	0.36	-0.53	-0.21	-0.5	-0.58		-0.79	0.81	0.86	NMIMX
HPI	0.48	0.01	0.67	0.35	0.73	0.78	-0.79		-0.53	-0.71	HPI
RPGRX	0.12	0.61	-0.3	-0.02	-0.11	-0.48	0.81	-0.53		0.68	RPGRX
ADCCX	0.03	0.32	-0.6	-0.09	-0.55	-0.39	0.86	-0.71	0.68		ADCCX
	CHW	NCV	NBB	PCQ	NPFD	FRA	NMIMX	HPI	RPGRX	ADCCX

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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

ADCCX	+ 0.86	NMIMX
RPGRX	+ 0.81	NMIMX
HPI	+ 0.78	FRA
HPI	+ 0.73	NPFD
FRA	+ 0.72	CHW
ADCCX	+ 0.68	RPGRX

High negative correlations

HPI	- 0.79	NMIMX
ADCCX	- 0.71	HPI
ADCCX	- 0.6	NBB
NMIMX	- 0.58	FRA
ADCCX	- 0.55	NPFD
RPGRX	- 0.53	HPI

Risk-Adjusted Indicators

There is a big difference between Kkr Fund performing well and Kkr Income 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 Kkr Income'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
CHW	0.68	(0.04)	(0.06)	0.02	0.93	(0.67)	1.23	(1.48)	3.44
NCV	0.72	0.01	(0.01)	0.09	0.84	(0.73)	1.27	(1.48)	3.62
NBB	0.42	(0.02)	0.00	0.45	0.00	0.00	0.75	(0.86)	2.56
PCQ	0.28	(0.01)	(0.15)	0.01	0.36	(0.31)	0.57	(0.68)	1.95
NPFD	0.32	(0.06)	0.00	(0.14)	0.00	0.00	0.62	(0.68)	1.81
FRA	0.50	(0.13)	0.00	(0.28)	0.00	0.00	1.02	(1.13)	2.91
NMIMX	0.74	0.13	0.15	0.18	0.63	(0.88)	1.52	(1.27)	12.40
HPI	0.37	(0.07)	0.00	(0.42)	0.00	0.00	0.72	(0.72)	1.92
RPGRX	0.35	0.00	(0.06)	0.07	0.45	(0.35)	0.82	(0.69)	2.01
ADCCX	1.17	0.34	0.24	0.78	0.82	(1.34)	1.94	(1.85)	26.79

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