Knights Of Correlations

KCEIX Fund

USD 12.06 0.02 0.17%

The current 90-days correlation between Knights Of Columbus and Ab Global Risk is 0.18 (i.e., Average 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 0.11 (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

0.88	KCGSX	Knights Of Umbus	Pair Corr
0.88	KCGIX	Kngt Clb Larg	Pair Corr
0.81	KCXIX	Knights Of Columbus	Pair Corr
0.88	NLSCX	Neuberger Berman Long	Pair Corr
0.89	NLSAX	Neuberger Berman Long	Pair Corr
0.89	NLSIX	Neuberger Berman Long	Pair Corr
0.63	QLERX	Aqr Long Short	Pair Corr
0.89	PYARX	Payden Absolute Return	Pair Corr
0.8	BCAAX	Brandywineglobal C	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.87	RUSIX	Rbc Ultra Short	Pair Corr
0.81	UUSTX	Ultra Short Term	Pair Corr
0.8	CGRIX	Calamos Growth	Pair Corr
0.8	HSTIX	Stock Index Fund	Pair Corr
0.88	AOFIX	Alger Small Cap	Pair Corr

Moving against Knights Mutual Fund

0.77	KCISX	Knights Of Umbus	Pair Corr
0.77	KCIIX	Kngt Clb Eqy	Pair Corr
0.47	KCCSX	Knights Of Umbus	Pair Corr
0.41	KCCIX	Knights Of Columbus	Pair Corr
0.35	KCRIX	Knights Of Columbus	Pair Corr
0.86	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.85	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.69	PDI	Pimco Dynamic Income	Pair Corr
0.65	UIPIX	Ultrashort Mid Cap	Pair Corr
0.55	DIAMX	Diamond Hill Long	Pair Corr
0.54	DHLSX	Diamond Hill Long	Pair Corr
0.54	DIAYX	Diamond Hill Long	Pair Corr

Related Correlations Analysis

	CABIX	AEEIX	GARSX	TEDIX	CNGLX	ANAGX	DHGCX
CABIX		0.91	0.86	0.87	0.77	0.58	0.34	CABIX
AEEIX	0.91		0.99	0.85	0.71	0.67	0.36	AEEIX
GARSX	0.86	0.99		0.81	0.66	0.66	0.35	GARSX
TEDIX	0.87	0.85	0.81		0.84	0.6	0.43	TEDIX
CNGLX	0.77	0.71	0.66	0.84		0.69	0.6	CNGLX
ANAGX	0.58	0.67	0.66	0.6	0.69		0.76	ANAGX
DHGCX	0.34	0.36	0.35	0.43	0.6	0.76		DHGCX
	CABIX	AEEIX	GARSX	TEDIX	CNGLX	ANAGX	DHGCX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CABIX	0.59	(0.27)	(1.53)	0.56	(0.73)	15.70
AEEIX	0.66	(0.16)	(0.73)	1.20	(1.54)	4.65
GARSX	0.65	(0.15)	(0.65)	1.26	(1.77)	5.21
TEDIX	0.60	(0.21)	(7.12)	0.76	(1.05)	10.33
CNGLX	0.56	(0.12)	(0.38)	0.98	(1.18)	5.09
ANAGX	0.17	(0.05)	(1.86)	0.29	(0.29)	1.01
DHGCX	0.19	(0.06)	(1.31)	0.31	(0.35)	2.95

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