Kngt Clb Correlations

KCGIX Fund

USD 23.78 0.09 0.38%

The current 90-days correlation between Kngt Clb Larg and Knights Of Columbus is 0.02 (i.e., Significant 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

Good diversification

The correlation between Kngt Clb Larg and DJI is -0.18 (i.e., Good 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

0.89	KCCIX	Knights Of Columbus	Pair Corr
0.87	KCCSX	Knights Of Umbus	Pair Corr
1.0	KCGSX	Knights Of Umbus	Pair Corr
0.88	KCISX	Knights Of Umbus	Pair Corr
0.88	KCIIX	Kngt Clb Eqy	Pair Corr
0.93	KCLIX	Knights Of Columbus	Pair Corr
0.93	KCLSX	Knights Of Umbus	Pair Corr
0.89	KCSIX	Kngt Clb Sml	Pair Corr
0.89	KCSSX	Knights Of Umbus	Pair Corr
0.88	KCVIX	Kngt Clb Larg	Pair Corr
0.99	KCXIX	Knights Of Columbus	Pair Corr
0.68	FAFGX	American Funds	Pair Corr
0.68	FFAFX	American Funds	Pair Corr
0.68	GFACX	Growth Fund	Pair Corr
0.68	GFAFX	Growth Fund	Pair Corr
0.68	AGTHX	Growth Fund	Pair Corr
0.68	CGFFX	Growth Fund	Pair Corr
0.68	CGFCX	Growth Fund	Pair Corr
0.68	CGFAX	Growth Fund	Pair Corr
0.68	CGFEX	Growth Fund	Pair Corr
0.68	RGAEX	Growth Fund	Pair Corr
0.68	PFN	Pimco Income Strategy	Pair Corr
0.68	CIF	Mfs Intermediate High	Pair Corr
0.66	TEDMX	Templeton Developing	Pair Corr
0.74	FBCGX	Fidelity Blue Chip	Pair Corr
0.61	RAATX	American Funds 2010	Pair Corr
0.76	ACP	Aberdeen Income Credit	Pair Corr
0.7	QMLAX	Quantified Market Leaders	Pair Corr
0.66	PJVQX	Prudential Jennison Value	Pair Corr

Moving against Kngt Mutual Fund

0.68	XNBHX	Neuberger Berman Int	Pair Corr
0.52	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	KCCIX	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLSX	KCRIX	KCSIX
KCCIX		1.0	0.48	0.89	0.89	0.79	0.8	0.98	-0.26	0.83	KCCIX
KCCSX	1.0		0.47	0.87	0.87	0.78	0.78	0.97	-0.25	0.82	KCCSX
KCEIX	0.48	0.47		0.4	0.4	0.59	0.59	0.51	0.17	0.68	KCEIX
KCGSX	0.89	0.87	0.4		1.0	0.88	0.88	0.93	-0.29	0.88	KCGSX
KCGIX	0.89	0.87	0.4	1.0		0.88	0.88	0.93	-0.29	0.89	KCGIX
KCISX	0.79	0.78	0.59	0.88	0.88		1.0	0.84	-0.07	0.9	KCISX
KCIIX	0.8	0.78	0.59	0.88	0.88	1.0		0.84	-0.07	0.91	KCIIX
KCLSX	0.98	0.97	0.51	0.93	0.93	0.84	0.84		-0.24	0.9	KCLSX
KCRIX	-0.26	-0.25	0.17	-0.29	-0.29	-0.07	-0.07	-0.24		-0.03	KCRIX
KCSIX	0.83	0.82	0.68	0.88	0.89	0.9	0.91	0.9	-0.03		KCSIX
	KCCIX	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLSX	KCRIX	KCSIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

KCCSX	+ 1.0	KCCIX
KCGIX	+ 1.0	KCGSX
KCIIX	+ 1.0	KCISX
KCLSX	+ 0.98	KCCIX
KCLSX	+ 0.97	KCCSX
KCLSX	+ 0.93	KCGSX

High negative correlations

KCRIX	- 0.29	KCGIX
KCRIX	- 0.29	KCGSX
KCRIX	- 0.26	KCCIX
KCRIX	- 0.25	KCCSX
KCRIX	- 0.24	KCLSX
KCRIX	- 0.07	KCIIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KCCIX	0.21	0.04	(0.22)	1.29	0.00	(0.28)	0.45	(0.34)	1.16
KCCSX	0.21	0.04	(0.23)	1.87	0.00	(0.27)	0.46	(0.34)	1.04
KCEIX	0.26	0.03	(0.19)	(1.09)	0.29	(0.31)	0.66	(0.50)	1.83
KCGSX	0.56	0.17	0.08	(0.83)	0.41	(0.66)	1.29	(1.11)	2.93
KCGIX	0.56	0.17	0.09	(0.80)	0.40	(0.66)	1.32	(1.07)	2.95
KCISX	0.50	0.08	(0.05)	(0.71)	0.52	(0.51)	1.28	(1.00)	2.85
KCIIX	0.50	0.08	(0.05)	(0.72)	0.52	(0.50)	1.28	(1.01)	2.84
KCLSX	0.08	0.02	(0.74)	2.18	0.00	(0.13)	0.20	(0.10)	0.51
KCRIX	0.63	0.01	(0.10)	3.38	0.82	(0.71)	1.38	(1.50)	3.70
KCSIX	0.75	0.16	0.06	(1.69)	0.65	(0.81)	1.59	(1.37)	3.93

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