Alps/kotak India Correlations

Mutual Funds . USA . 
Fund . Alpskotak India Growth
INFCX Fund  USD 13.87  0.04  0.29%   
The current 90-days correlation between Alpskotak India Growth and Morningstar Defensive Bond is -0.1 (i.e., Good 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 0.34 (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 main economic indicators.

Moving together with ALPS/KOTAK Mutual Fund

  1.0INAAX Alpskotak India GrowthPairCorr
  1.0INDAX Alpskotak India GrowthPairCorr
  1.0INDIX Alpskotak India GrowthPairCorr
  1.0INDSX Financial Investors TrustPairCorr
  0.92MIDNX Matthews IndiaPairCorr
  0.92MINDX Matthews IndiaPairCorr
  0.96WAINX Wasatch Emerging IndiaPairCorr
  0.96WIINX Wasatch Emerging IndiaPairCorr

Moving against ALPS/KOTAK Mutual Fund

  0.81SMASX Alpssmith Short DurationPairCorr
  0.78JCCSX Alps/corecommodityPairCorr
  0.78JCRAX Alps/corecommodityPairCorr
  0.78JCRIX Alps/corecommodityPairCorr
  0.78SMCMX Alpssmith Short DurationPairCorr
  0.77JCRCX Alps/corecommodityPairCorr
  0.75SMCRX ALPSSmith Credit OppPairCorr
  0.72SMCVX ALPSSmith Credit OppPairCorr
  0.69SMCHX Alpssmith Total ReturnPairCorr
  0.67SMAMX Alpssmith Total ReturnPairCorr
  0.81SMDSX Alpssmith Short DurationPairCorr
  0.8SMRSX Alpssmith Short DurationPairCorr
  0.79HLIDX Harding Loevner IntePairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.77THOVX Thornburg Global OppPairCorr
  0.73SMCAX DEUTSCHE MID CAPPairCorr
  0.71SMTHX Alpssmith Total ReturnPairCorr
  0.7SMCCX DEUTSCHE MID CAPPairCorr
  0.68SMTRX Alpssmith Total ReturnPairCorr
  0.61THMCX Thornburg IntermediatePairCorr
  0.59CVRFX Pioneer Disciplined ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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