Cboe Vest Correlations

KNGCX Fund

USD 12.02 0.09 0.74%

The current 90-days correlation between Cboe Vest Sp and Gugg Actv Invmt is -0.11 (i.e., Good diversification). The correlation of Cboe Vest 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.

Cboe Vest Correlation With Market

Weak diversification

The correlation between Cboe Vest Sp and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cboe Vest Sp 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 Cboe Vest Sp. 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 main economic indicators.

Moving together with Cboe Mutual Fund

1.0	KNGYX	Cboe Vest Sp	Pair Corr
1.0	KNGAX	Cboe Vest Sp	Pair Corr
1.0	KNGIX	Cboe Vest Sp	Pair Corr
1.0	KNGLX	Cboe Vest Sp	Pair Corr
0.68	JEPAX	Jpmorgan Research Equity	Pair Corr
0.7	JEPCX	Jpmorgan Research Equity	Pair Corr
0.67	JEPIX	Jpmorgan Equity Premium	Pair Corr
0.86	GSPKX	Goldman Sachs Equity	Pair Corr
0.86	GVIRX	Goldman Sachs Equity	Pair Corr
0.86	GSPAX	Goldman Sachs Equity	Pair Corr
0.87	GSPQX	Goldman Sachs Equity	Pair Corr
0.86	GSFPX	Goldman Sachs Equity	Pair Corr
0.86	GIDWX	Goldman Sachs Equity	Pair Corr
0.77	BMCIX	Blackrock High Equity	Pair Corr
0.84	TCTGX	Transamerica Cleartrack	Pair Corr
0.84	TDKTX	Cleartrack 2015 Class	Pair Corr
0.86	TCTJX	Transamerica Cleartrack	Pair Corr
0.84	TCSUX	Cleartrack 2020 Class	Pair Corr

Moving against Cboe Mutual Fund

0.91	BTCRX	Vest Bitcoin Strategy Steady Growth	Pair Corr
0.81	ENGRX	Vest Large Cap Downward Rally	Pair Corr
0.79	BURGX	Vest Large Cap	Pair Corr
0.35	BTCVX	Cboe Vest Bitcoin	Pair Corr
0.33	BTCYX	Cboe Vest Bitcoin	Pair Corr
0.32	BTCLX	Cboe Vest Bitcoin	Pair Corr
0.77	DFFGX	Dfa Short Term	Pair Corr
0.76	GPICX	Guidepath Conservative	Pair Corr
0.63	FTCAX	Templeton Strained Bond	Pair Corr
0.58	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	GULDX	CWFIX	RHYAX	CHYDX	SGYAX	AGDAX	GHVIX
GULDX		0.47	0.32	0.43	0.59	0.42	0.31	GULDX
CWFIX	0.47		0.92	0.98	0.93	0.93	0.9	CWFIX
RHYAX	0.32	0.92		0.93	0.84	0.89	0.98	RHYAX
CHYDX	0.43	0.98	0.93		0.93	0.95	0.93	CHYDX
SGYAX	0.59	0.93	0.84	0.93		0.94	0.83	SGYAX
AGDAX	0.42	0.93	0.89	0.95	0.94		0.9	AGDAX
GHVIX	0.31	0.9	0.98	0.93	0.83	0.9		GHVIX
	GULDX	CWFIX	RHYAX	CHYDX	SGYAX	AGDAX	GHVIX

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Risk-Adjusted Indicators

There is a big difference between Cboe Mutual Fund performing well and Cboe Vest 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 Cboe Vest'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
GULDX	0.07	0.00	(0.88)	0.00	0.00	(0.13)	0.46	(0.10)	0.76
CWFIX	0.08	0.01	(0.51)	0.65	0.00	(0.13)	0.21	(0.11)	0.42
RHYAX	0.10	0.02	(0.31)	0.77	0.00	(0.15)	0.21	(0.21)	0.72
CHYDX	0.10	0.02	(0.37)	0.92	0.00	(0.17)	0.26	(0.13)	0.64
SGYAX	0.15	0.02	(0.33)	0.75	0.00	(0.26)	0.56	(0.28)	1.27
AGDAX	0.13	0.02	(0.29)	0.67	0.00	(0.26)	0.44	(0.29)	1.15
GHVIX	0.15	0.02	(0.26)	1.19	0.07	(0.17)	0.24	(0.36)	0.96

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