Kayne Anderson Correlations
| KMFDelisted Fund | USD 7.49 0.09 1.22% |
The current 90-days correlation between Kayne Anderson Midst and Clearbridge Energy Mlp is -0.05 (i.e., Good diversification). The correlation of Kayne Anderson 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.
Kayne Anderson Correlation With Market
Significant diversification
The correlation between Kayne Anderson Midstreamenergy and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kayne Anderson Midstreamenergy and DJI in the same portfolio, assuming nothing else is changed.
Kayne |
Moving together with Kayne Fund
| 0.73 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Kayne Fund
| 0.68 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.56 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.5 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.49 | PDI | Pimco Dynamic Income | PairCorr |
| 0.49 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.46 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.46 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.45 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.43 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.33 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Kayne Fund performing well and Kayne Anderson 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 Kayne Anderson'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KYN | 0.88 | 0.31 | 0.27 | 0.64 | 0.44 | 2.41 | 5.18 | |||
| EMO | 0.86 | 0.25 | 0.23 | 0.49 | 0.54 | 1.81 | 4.71 | |||
| FEI | 0.96 | 0.08 | (0.02) | 0.79 | 1.13 | 1.91 | 6.15 | |||
| NML | 0.75 | 0.19 | 0.15 | 0.42 | 0.53 | 2.18 | 3.81 | |||
| NDP | 0.89 | 0.15 | 0.09 | 0.36 | 0.93 | 2.15 | 5.13 |
Kayne Anderson Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kayne Anderson fund to make a market-neutral strategy. Peer analysis of Kayne Anderson could also be used in its relative valuation, which is a method of valuing Kayne Anderson by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Kayne Anderson Midstreamenergy?
Investing in delisted delisted funds can be risky, as the fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.