Cognios Market Correlations

Delisted . USA . 
Fund . Cognios Market Neutral
COGMXDelisted Fund  USD 12.11  0.00  0.00%   
The current 90-days correlation between Cognios Market Neutral and Aqr Long Short Equity is -0.24 (i.e., Very good diversification). The correlation of Cognios Market 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.

Cognios Market Correlation With Market

Good diversification

The correlation between Cognios Market Neutral and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cognios Market Neutral and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. 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 population.

Moving against Cognios Mutual Fund

  0.74BDMIX Blackrock Gbl LngPairCorr
  0.73BDMAX Blackrock Global LongPairCorr
  0.73BGCKX Blackrock Global LonPairCorr
  0.72BDMCX Blackrock Global LngPairCorr
  0.69QMNRX Aqr Equity MarketPairCorr
  0.67PTFAX Pimco FundamentalPairCorr
  0.66PFATX Pimco FundamentalPairCorr
  0.58CBHMX Victory Market NeutralPairCorr
  0.58CBHCX Victory Cemp MarketPairCorr
  0.58CBHAX Victory Cemp MarketPairCorr
  0.56VGTSX Vanguard Total InterPairCorr
  0.56VTIAX Vanguard Total InterPairCorr
  0.5RMDUX American Funds MultiPairCorr
  0.38HRBDX Harbor Bond FundPairCorr
  0.83EBSIX Campbell Systematic MacroPairCorr
  0.75SGDLX Sprott Gold EquityPairCorr
  0.74UTF Cohen And SteersPairCorr
  0.68EPDPX Europac InternationalPairCorr
  0.68ARBOX Absolute ConvertiblePairCorr
  0.66HTD John Hancock TaxPairCorr
  0.64PSDNX Putnam Ultra ShortPairCorr
  0.62DLDFX Destinations Low DurationPairCorr
  0.61HWACX Hotchkis Wiley ValuePairCorr
  0.61GIOIX Guggenheim Macro OppPairCorr
  0.61RNCIX Rivernorth E OpportunityPairCorr
  0.59DBIWX Dws Global MacroPairCorr
  0.57RXRPX American Funds RetirementPairCorr
  0.57VSGDX Vanguard Short TermPairCorr
  0.57ABNOX Ab Bond InflationPairCorr
  0.57PGLSX Global Multi StrategyPairCorr
  0.57BISMX Brandes InternationalPairCorr

Related Correlations Analysis

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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   
QLEIX
+ 1.0
QLENX
QMNNX
+ 0.97
QLENX
QLEIX
+ 0.97
QMNNX
AQMNX
+ 0.88
QMNNX
AQMNX
+ 0.85
QLENX
QLEIX
+ 0.85
AQMNX
  
High negative correlations   
COGIX
- 0.75
QMNNX
QLEIX
- 0.64
COGIX
COGIX
- 0.63
QLENX
AQMNX
- 0.54
COGIX

Risk-Adjusted Indicators

There is a big difference between Cognios Mutual Fund performing well and Cognios Market 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 Cognios Market'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.

Cognios Market Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cognios Market mutual fund to make a market-neutral strategy. Peer analysis of Cognios Market could also be used in its relative valuation, which is a method of valuing Cognios Market by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Cognios Market Neutral?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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