Kngt Clb Correlations

Mutual Funds . USA . 
Fund . Kngt Clb Eqy
KCIIX Fund  USD 14.84  0.01  0.07%   
The current 90-days correlation between Kngt Clb Eqy and Omni Small Cap Value is 0.7 (i.e., Poor 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 Eqy and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kngt Clb Eqy 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 Eqy. 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

  0.82KCCIX Knights Of ColumbusPairCorr
  0.81KCCSX Knights Of UmbusPairCorr
  0.85KCGSX Knights Of UmbusPairCorr
  0.85KCGIX Kngt Clb LargPairCorr
  0.93KCISX Knights Of UmbusPairCorr
  0.85KCLSX Knights Of UmbusPairCorr
  0.86KCSIX Kngt Clb SmlPairCorr
  0.86KCSSX Knights Of UmbusPairCorr
  0.9KCVSX Knights Of UmbusPairCorr
  0.85KCVIX Kngt Clb LargPairCorr
  0.84KCXIX Knights Of ColumbusPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.93VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.88VTISX Vanguard Total InterPairCorr
  0.99VTMGX Vanguard DevelopedPairCorr
  0.92VDVIX Vanguard DevelopedPairCorr
  0.92VTMNX Vanguard DevelopedPairCorr
  0.92VDIPX Vanguard DevelopedPairCorr
  0.97FSPSX Fidelity InternationalPairCorr
  0.77PMPIX Precious Metals UltrPairCorr
  0.77PMPSX Precious Metals UltrPairCorr
  0.66FGPMX Franklin Gold AndPairCorr
  0.64FRGOX Franklin Gold PreciousPairCorr
  0.64MIDSX Midas Fund MidasPairCorr
  0.72FIJDX Gold Portfolio FidelityPairCorr
  0.79DHICX Wells Fargo AdvantagePairCorr
  0.78FTZFX Fuller Thaler BehavioralPairCorr
  0.9GCPNX Gateway Equity CallPairCorr
  0.87OBMCX Oberweis Micro CapPairCorr
  0.64FMN Federated PremierPairCorr
  0.86PBHAX Prudential High YieldPairCorr
  0.78MTCCX Mfs TechnologyPairCorr
  0.88FEMDX Franklin Emerging MarketPairCorr
  0.84PIINX Pimco IncomePairCorr
  0.83SGYAX Siit High YieldPairCorr

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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