Knights Of Correlations

KCCIX Fund

USD 8.78 0.02 0.23%

The current 90-days correlation between Knights Of Columbus and Vanguard Intermediate Term Bond is 0.95 (i.e., Almost no diversification). The correlation of Knights Of 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.

Knights Of Correlation With Market

Average diversification

The correlation between Knights Of Columbus and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knights Of Columbus 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 Knights Of Columbus. 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 Knights Mutual Fund

1.0	KCCSX	Knights Of Umbus	Pair Corr
0.83	KCISX	Knights Of Umbus	Pair Corr
0.82	KCIIX	Kngt Clb Eqy	Pair Corr
0.85	KCLIX	Knights Of Columbus	Pair Corr
0.84	KCLSX	Knights Of Umbus	Pair Corr
0.94	VBTLX	Vanguard Total Bond	Pair Corr
0.99	VBMFX	Vanguard Total Bond	Pair Corr
0.99	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr
0.94	VTBIX	Vanguard Total Bond	Pair Corr
0.99	VTBNX	Vanguard Total Bond	Pair Corr
0.99	FBOFX	American Funds	Pair Corr
0.99	FFBOX	American Funds	Pair Corr
0.99	BFAFX	Bond Fund	Pair Corr
0.99	ABNDX	Bond Fund	Pair Corr
0.85	NHS	Neuberger Berman High	Pair Corr
0.7	PKCRX	Payden/kravitz Cash	Pair Corr
0.9	VIDGX	Vanguard Whitehall Funds	Pair Corr
0.96	REBBX	Intermediate Bond	Pair Corr
0.89	PZRPX	Pimco Rae Fundamental	Pair Corr
0.99	BMOIX	Blackrock Bond Index	Pair Corr
0.74	JUCRX	Janus Global Unconst	Pair Corr
0.95	VAIPX	Vanguard Inflation-protec	Pair Corr
0.86	BCAIX	Boston Mon International	Pair Corr
0.99	PINFX	Invesco Multi Asset	Pair Corr
0.81	PDI	Pimco Dynamic Income Sell-off Trend	Pair Corr
0.72	IIXIX	Catalyst Insider Income	Pair Corr
0.84	TSDFX	Tiaa Cref Short	Pair Corr
0.91	CROVX	Catholic Responsible	Pair Corr

Moving against Knights Mutual Fund

0.51	KCGSX	Knights Of Umbus	Pair Corr
0.51	KCGIX	Kngt Clb Larg	Pair Corr
0.37	KCSIX	Kngt Clb Sml	Pair Corr
0.37	KCSSX	Knights Of Umbus	Pair Corr

Related Correlations Analysis

	VBIIX	TSINX	JTSQX	EIPIX	TIMXX	CHICX	EICVX
VBIIX		0.82	0.2	0.32	0.0	0.3	0.79	VBIIX
TSINX	0.82		0.39	0.37	0.0	0.49	0.89	TSINX
JTSQX	0.2	0.39		0.77	0.0	0.22	0.48	JTSQX
EIPIX	0.32	0.37	0.77		0.0	0.27	0.49	EIPIX
TIMXX	0.0	0.0	0.0	0.0		0.0	0.0	TIMXX
CHICX	0.3	0.49	0.22	0.27	0.0		0.62	CHICX
EICVX	0.79	0.89	0.48	0.49	0.0	0.62		EICVX
	VBIIX	TSINX	JTSQX	EIPIX	TIMXX	CHICX	EICVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EICVX	+ 0.89	TSINX
TSINX	+ 0.82	VBIIX
EICVX	+ 0.79	VBIIX
EIPIX	+ 0.77	JTSQX
EICVX	+ 0.62	CHICX
CHICX	+ 0.49	TSINX

High negative correlations

EICVX	- 0.0	TIMXX
CHICX	- 0.0	TIMXX
TIMXX	- 0.0	EIPIX
TIMXX	- 0.0	JTSQX
TIMXX	- 0.0	TSINX
TIMXX	- 0.0	VBIIX

Risk-Adjusted Indicators

There is a big difference between Knights Mutual Fund performing well and Knights Of 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 Knights Of'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
VBIIX	0.26	0.00	0.31	(0.23)	0.29	(0.32)	0.59	(0.49)	1.40
TSINX	0.66	0.13	0.18	0.14	0.84	(0.66)	1.25	(1.42)	5.20
JTSQX	0.64	0.00	0.00	(0.11)	0.00	0.00	1.22	(1.34)	3.69
EIPIX	0.83	(0.01)	0.00	(0.13)	0.00	0.00	1.68	(1.72)	7.68
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHICX	0.08	(0.01)	0.63	0.21	0.03	(0.32)	0.16	(0.16)	0.80
EICVX	0.58	(0.01)	0.14	(0.01)	0.78	(0.58)	1.12	(1.42)	2.93

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC