Kayne Anderson Correlations

XKYNX Fund

USD 14.78 0.08 0.54%

The current 90-days correlation between Kayne Anderson Mlp and Baron Health Care is 0.03 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kayne Anderson Correlation With Market

Average diversification

The correlation between Kayne Anderson Mlp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kayne Anderson Mlp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Kayne Anderson Mlp. 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 board of governors.

Moving together with Kayne Mutual Fund

0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.83	VFINX	Vanguard 500 Index	Pair Corr
0.83	VFFSX	Vanguard 500 Index	Pair Corr
0.74	SPGSX	State Street Premier	Pair Corr
0.88	LGWIX	Ladenburg Growth	Pair Corr
0.65	JRI	Nuveen Real Asset	Pair Corr
0.89	ANCIX	Ancora Microcap	Pair Corr
0.83	SWPPX	Schwab Sp 500	Pair Corr
0.71	FCWRX	Templeton China World	Pair Corr
0.8	TAAIX	Thrivent Aggressive	Pair Corr
0.65	RNGHX	New Economy Fund	Pair Corr
0.95	IMOPX	Voya Midcap Opportunities	Pair Corr
0.87	WWLAX	Westwood Largecap Value	Pair Corr
0.84	AMEIX	Equity Growth	Pair Corr
0.66	FIKAX	Fidelity Advisor Energy	Pair Corr
0.91	WCPSX	Mobile Telecommunicatio	Pair Corr
0.88	RYRUX	Russell 2000 2x Steady Growth	Pair Corr
0.62	BALFX	American Balanced	Pair Corr
0.73	PCF	Putnam High Income	Pair Corr

Moving against Kayne Mutual Fund

0.6	VGTSX	Vanguard Total Inter	Pair Corr
0.59	VTIAX	Vanguard Total Inter	Pair Corr
0.5	BRUFX	Bruce Fund Bruce	Pair Corr
0.86	KF	Korea Closed	Pair Corr

Related Correlations Analysis

	BHCHX	THQ	HGHSX	GGHYX	BGHDX	LOGSX	XXGRX
BHCHX		0.83	0.91	0.89	0.8	0.74	0.87	BHCHX
THQ	0.83		0.81	0.73	0.76	0.36	0.73	THQ
HGHSX	0.91	0.81		0.96	0.8	0.74	0.97	HGHSX
GGHYX	0.89	0.73	0.96		0.82	0.76	0.97	GGHYX
BGHDX	0.8	0.76	0.8	0.82		0.56	0.8	BGHDX
LOGSX	0.74	0.36	0.74	0.76	0.56		0.76	LOGSX
XXGRX	0.87	0.73	0.97	0.97	0.8	0.76		XXGRX
	BHCHX	THQ	HGHSX	GGHYX	BGHDX	LOGSX	XXGRX

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Risk-Adjusted Indicators

There is a big difference between Kayne Mutual Fund performing well and Kayne Anderson 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 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BHCHX	0.66	(0.13)	(0.06)	1.27	(1.32)	4.20
THQ	0.82	(0.10)	(0.02)	1.41	(1.67)	5.19
HGHSX	0.64	(0.20)	(0.20)	0.89	(1.36)	3.80
GGHYX	0.63	(0.12)	(0.62)	0.93	(1.30)	3.73
BGHDX	0.80	(0.09)	(0.34)	1.34	(1.69)	6.08
LOGSX	0.61	(0.15)	(0.12)	1.02	(1.16)	3.97
XXGRX	0.62	(0.12)	(0.96)	1.01	(1.19)	2.74

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