Kkr Income Correlations

KIO Fund

USD 11.47 0.06 0.52%

The current 90-days correlation between Kkr Income Opportunities and John Hancock Preferred is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kkr Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kkr Income Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kkr Income Correlation With Market

Very poor diversification

The correlation between Kkr Income Opportunities and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kkr Income Opportunities 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 Kkr Income Opportunities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Kkr Fund

0.69	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.71	UNWPX	World Precious Minerals	Pair Corr
0.77	KF	Korea Closed	Pair Corr
0.7	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.77	UJPIX	Ultrajapan Profund Steady Growth	Pair Corr
0.69	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.69	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.7	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.7	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.81	RRRPX	American Funds Retirement	Pair Corr
0.79	OTIIX	T Rowe Price	Pair Corr
0.71	FWCGX	American Funds Capital	Pair Corr
0.82	SBFFX	Short Term Bond	Pair Corr
0.78	MCKCX	Mainstay Servative	Pair Corr
0.85	JMBRX	Jpmorgan Smartretirement*	Pair Corr
0.63	THGIX	Thornburg International	Pair Corr
0.61	WIBMX	Wilmington Broad Market	Pair Corr
0.82	ERAMX	Eaton Vance Multi	Pair Corr
0.82	MGIBX	Mfs International Value	Pair Corr
0.72	TOLSX	Deutsche Global Infr	Pair Corr
0.7	CNSIX	Invesco Vertible Sec	Pair Corr
0.9	PCEQX	Pioneer Equity Income	Pair Corr
0.82	RFETX	American Funds 2030	Pair Corr
0.83	SSAGX	Virtus Seix Government	Pair Corr
0.84	OEMCX	Ophmr Eml Dbt	Pair Corr
0.78	WESJX	William Blair Emerging	Pair Corr
0.77	EVMBX	Eaton Vance Amt	Pair Corr
0.82	TBGVX	Tweedy Browne Global	Pair Corr
0.81	HJSIX	Hennessy Japan Small	Pair Corr
0.8	VAESX	Virtus Emerging Markets	Pair Corr
0.77	AAAAX	Deutsche Real Assets	Pair Corr
0.61	OAKMX	Oakmark Fund Investor	Pair Corr
0.87	PVFYX	Pioneer E Equity	Pair Corr
0.74	OAZGX	Oakmark Global	Pair Corr

Related Correlations Analysis

	HPF	NCZ	HYI	TRACX	PPT	XFLT	VKI	HRMVX	HNMVX
HPF		0.82	0.81	0.73	0.79	-0.65	0.58	0.72	0.6	HPF
NCZ	0.82		0.93	0.93	0.84	-0.66	0.79	0.95	0.9	NCZ
HYI	0.81	0.93		0.85	0.88	-0.57	0.76	0.88	0.89	HYI
TRACX	0.73	0.93	0.85		0.77	-0.6	0.8	0.99	0.91	TRACX
PPT	0.79	0.84	0.88	0.77		-0.6	0.62	0.8	0.76	PPT
XFLT	-0.65	-0.66	-0.57	-0.6	-0.6		-0.59	-0.62	-0.45	XFLT
VKI	0.58	0.79	0.76	0.8	0.62	-0.59		0.82	0.84	VKI
HRMVX	0.72	0.95	0.88	0.99	0.8	-0.62	0.82		0.94	HRMVX
HNMVX	0.6	0.9	0.89	0.91	0.76	-0.45	0.84	0.94		HNMVX
	HPF	NCZ	HYI	TRACX	PPT	XFLT	VKI	HRMVX	HNMVX

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

HRMVX	+ 0.99	TRACX
HRMVX	+ 0.95	NCZ
HNMVX	+ 0.94	HRMVX
HYI	+ 0.93	NCZ
TRACX	+ 0.93	NCZ
HNMVX	+ 0.91	TRACX

High negative correlations

XFLT	- 0.66	NCZ
XFLT	- 0.65	HPF
HRMVX	- 0.62	XFLT
XFLT	- 0.6	PPT
XFLT	- 0.6	TRACX
VKI	- 0.59	XFLT

Risk-Adjusted Indicators

There is a big difference between Kkr Fund performing well and Kkr Income 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 Kkr Income'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
HPF	0.26	0.02	(0.14)	0.17	0.24	(0.30)	0.57	(0.50)	1.55
NCZ	0.64	0.14	0.17	0.32	0.34	(0.79)	1.38	(0.80)	4.02
HYI	0.21	0.05	(0.09)	0.38	0.00	(0.28)	0.64	(0.28)	1.48
TRACX	0.74	0.11	0.13	0.18	0.62	(0.86)	1.98	(1.43)	4.70
PPT	0.46	0.05	(0.04)	0.47	0.36	(0.62)	1.13	(0.85)	2.54
XFLT	0.95	(0.40)	0.00	(1.09)	0.00	0.00	1.61	(2.45)	8.33
VKI	0.39	0.11	0.05	5.32	0.24	(0.48)	1.00	(0.77)	2.68
HRMVX	0.64	0.10	0.13	0.19	0.44	(0.72)	1.63	(1.10)	4.00
HNMVX	0.77	0.22	0.29	0.30	0.18	(0.95)	2.15	(1.08)	10.02

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