Alps/kotak India Correlations

INDIX Fund

USD 16.82 0.05 0.30%

The current 90-days correlation between Alpskotak India Growth and Ab Global Real is 0.2 (i.e., Modest diversification). The correlation of Alps/kotak India 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.

Alps/kotak India Correlation With Market

Weak diversification

The correlation between Alpskotak India Growth and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpskotak India Growth and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alpskotak India Growth. 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 Alps/kotak Mutual Fund

1.0	INAAX	Alpskotak India Growth	Pair Corr
1.0	INFCX	Alpskotak India Growth	Pair Corr
1.0	INDAX	Alpskotak India Growth	Pair Corr
1.0	INDSX	Financial Investors Trust	Pair Corr
0.92	MIDNX	Matthews India	Pair Corr
0.92	MINDX	Matthews India	Pair Corr
0.96	WAINX	Wasatch Emerging India	Pair Corr
0.96	WIINX	Wasatch Emerging India	Pair Corr

Moving against Alps/kotak Mutual Fund

0.8	SMASX	Alpssmith Short Duration	Pair Corr
0.78	JCRIX	Alps/corecommodity	Pair Corr
0.78	SMCMX	Alpssmith Short Duration	Pair Corr
0.77	JCCSX	Alps/corecommodity	Pair Corr
0.77	JCRAX	Alps/corecommodity	Pair Corr
0.77	JCRCX	Alps/corecommodity	Pair Corr
0.74	SMCRX	ALPSSmith Credit Opp	Pair Corr
0.72	SMCVX	ALPSSmith Credit Opp	Pair Corr
0.69	SMCHX	Alpssmith Total Return	Pair Corr
0.66	SMAMX	Alpssmith Total Return	Pair Corr
0.81	SMDSX	Alpssmith Short Duration	Pair Corr
0.8	SMRSX	Alpssmith Short Duration	Pair Corr
0.78	HLIDX	Harding Loevner Inte	Pair Corr
0.77	NHS	Neuberger Berman High	Pair Corr
0.76	THOVX	Thornburg Global Opp	Pair Corr
0.72	SMCAX	DEUTSCHE MID CAP	Pair Corr
0.7	SMTHX	Alpssmith Total Return	Pair Corr
0.69	SMCCX	DEUTSCHE MID CAP	Pair Corr
0.68	SMTRX	Alpssmith Total Return	Pair Corr
0.61	THMCX	Thornburg Intermediate	Pair Corr
0.59	CVRFX	Pioneer Disciplined Value	Pair Corr

Related Correlations Analysis

	ARECX	GMLVX	DHGCX	MSTGX	TEDIX	CABIX
ARECX		0.69	0.77	0.73	0.69	0.89	ARECX
GMLVX	0.69		0.63	0.8	0.78	0.67	GMLVX
DHGCX	0.77	0.63		0.81	0.74	0.61	DHGCX
MSTGX	0.73	0.8	0.81		0.86	0.65	MSTGX
TEDIX	0.69	0.78	0.74	0.86		0.58	TEDIX
CABIX	0.89	0.67	0.61	0.65	0.58		CABIX
	ARECX	GMLVX	DHGCX	MSTGX	TEDIX	CABIX

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Risk-Adjusted Indicators

There is a big difference between Alps/kotak Mutual Fund performing well and Alps/kotak India 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 Alps/kotak India'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
ARECX	0.79	0.00	0.00	(0.03)	0.00	0.00	1.56	(1.47)	4.45
GMLVX	0.71	0.03	0.05	0.05	0.92	(0.76)	1.57	(1.62)	5.51
DHGCX	0.17	(0.01)	0.12	0.35	0.21	(0.22)	0.36	(0.36)	1.46
MSTGX	0.31	0.04	0.17	(0.71)	0.34	(0.34)	0.74	(0.62)	1.58
TEDIX	0.66	0.00	0.00	(0.03)	0.00	0.00	1.01	(1.47)	7.35
CABIX	0.39	0.00	0.00	(0.04)	0.00	0.00	0.73	(0.80)	2.58

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