Kngt Clb Correlations

Mutual Funds USA . 
Fund . Kngt Clb Larg
KCGIX Fund  USD 25.26  0.14  0.56%   
The current 90-days correlation between Kngt Clb Larg and Calvert Short Duration is -0.22 (i.e., Very good diversification). The correlation of Kngt Clb 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.

Kngt Clb Correlation With Market

Poor diversification

The correlation between Kngt Clb Larg and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kngt Clb Larg 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 Kngt Clb Larg. 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 Kngt Mutual Fund

  0.73KCCIX Knights Of ColumbusPairCorr
  0.88KCIIX Kngt Clb EqyPairCorr
  0.69KCLIX Knights Of ColumbusPairCorr
  0.61KCSIX Kngt Clb SmlPairCorr
  0.69KCVIX Kngt Clb LargPairCorr
  0.97KCXIX Knights Of ColumbusPairCorr
  0.87FAFGX American FundsPairCorr
  0.87FFAFX American FundsPairCorr
  0.85GFACX Growth FundPairCorr
  0.86GFAFX Growth FundPairCorr
  0.86AGTHX Growth FundPairCorr
  0.86CGFFX Growth FundPairCorr
  0.84CGFCX Growth FundPairCorr
  0.86CGFAX Growth FundPairCorr
  0.86CGFEX Growth FundPairCorr
  0.86RGAEX Growth FundPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.93VGTSX Vanguard Total InterPairCorr
  0.93VTIAX Vanguard Total InterPairCorr
  0.98FAAIX Fidelity Asset ManagerPairCorr
  0.69CNGLX Commonwealth GlobalPairCorr
  0.66XMXEX Mexico EquityPairCorr
  0.68GAUIX Gabelli UtilitiesPairCorr
  0.92QGRCX Oppenheimer Gbl AllocPairCorr
  0.99RYVLX Nasdaq 100 2x Steady GrowthPairCorr
  0.83NPNEX Neuberger Berman LargePairCorr
  0.75PTIAX Performance TrustPairCorr
  0.97SIRIX Sierra E RetirementPairCorr
  0.82FCISX Franklin IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Kngt Mutual Fund performing well and Kngt Clb 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 Kngt Clb'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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