Kensington Managed Correlations

Mutual Funds . USA . 
Fund . Kensington Managed Income
KAMIX Fund  USD 9.75  0.01  0.10%   
The current 90-days correlation between Kensington Managed Income and Nuveen Nwq Small Cap is 0.58 (i.e., Very weak diversification). The correlation of Kensington Managed 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.

Kensington Managed Correlation With Market

Almost no diversification

The correlation between Kensington Managed Income and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kensington Managed Income 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 Kensington Managed Income. 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 Kensington Mutual Fund

  0.81SAPEX Spectrum AdvisorsPairCorr
  0.91OTRFX Ontrack E FundPairCorr
  0.64OTRGX Ontrack E FundPairCorr
  0.96SUNBX Spectrum UnconstrainedPairCorr
  0.96SVARX Spectrum Low VolatilityPairCorr
  0.96QRDTX Quantified RisingPairCorr
  0.95QALAX Quantified AlternativePairCorr
  0.95QALTX Quantified AlternativePairCorr
  0.94QSPMX Quantified PatternPairCorr
  0.83QSTAX Quantified StfPairCorr
  0.68QBDAX Quantified Managed IncomePairCorr
  0.73QBDSX Quantified Managed IncomePairCorr
  0.91QCGDX Quantified Common GroundPairCorr
  0.91QCGAX Quantified Common GroundPairCorr
  0.9QEVOX Quantified Evolution PlusPairCorr
  0.86QGBLX Quantified GlobalPairCorr
  0.86QGLDX Gold Bullion Steady GrowthPairCorr
  0.88QGLCX Gold Bullion Steady GrowthPairCorr
  0.97KAMAX Kensington Managed IncomePairCorr
  0.97KAMCX Kensington Managed IncomePairCorr
  0.94BSICX Blackrock Strategic OppsPairCorr
  0.94BASIX Blackrock Strategic OppsPairCorr
  0.97BSIIX Blackrock StrategicPairCorr
  0.97BSIKX Blackrock StrategicPairCorr
  0.89JSORX Jpmorgan Strategic IncomePairCorr
  0.9PMZNX Pimco Mortgage OpporPairCorr
  0.89PMZCX Pimco Mortgage OpporPairCorr
  0.89PMZAX Pimco Mortgage OpporPairCorr
  0.89JSOZX Jpmorgan Strategic IncomePairCorr
  0.91JSOCX Jpmorgan Strategic IncomePairCorr
  0.86KF Korea ClosedPairCorr
  0.85FKRCX Franklin Gold Precious Steady GrowthPairCorr

Moving against Kensington Mutual Fund

  0.68QFITX Quantified Tactical FixedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Kensington Mutual Fund performing well and Kensington Managed 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 Kensington Managed'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.

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