Knights Of Correlations
| KCGSX Fund | USD 20.73 0.04 0.19% |
The current 90-days correlation between Knights Of Umbus and Credit Suisse Multialternative is 0.09 (i.e., Significant 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
Significant diversification
The correlation between Knights Of Umbus and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knights Of Umbus and DJI in the same portfolio, assuming nothing else is changed.
Knights |
Moving together with Knights Mutual Fund
| 0.88 | KCEIX | Knights Of Columbus | PairCorr |
| 0.94 | KCGIX | Kngt Clb Larg | PairCorr |
| 0.86 | KCXIX | Knights Of Columbus | PairCorr |
| 0.93 | AGTHX | Growth Fund | PairCorr |
| 0.89 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.98 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.88 | VTSMX | Vanguard Total Stock | PairCorr |
| 0.88 | VSMPX | Vanguard Total Stock | PairCorr |
| 0.88 | VSTSX | Vanguard Total Stock | PairCorr |
| 0.89 | VITSX | Vanguard Total Stock | PairCorr |
| 0.98 | VFINX | Vanguard 500 Index | PairCorr |
| 0.9 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.74 | RUSIX | Rbc Ultra Short | PairCorr |
| 0.74 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.9 | FFRHX | Fidelity Advisor Floating | PairCorr |
| 0.76 | HSSAX | Emerald Banking And | PairCorr |
| 0.8 | GAB | Gabelli Equity Trust | PairCorr |
Moving against Knights Mutual Fund
| 0.63 | KCISX | Knights Of Umbus | PairCorr |
| 0.63 | KCIIX | Kngt Clb Eqy | PairCorr |
| 0.58 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.61 | VTIAX | Vanguard Total Inter | PairCorr |
Related Correlations Analysis
| 0.65 | -0.32 | -0.2 | 0.73 | 0.67 | CSQIX | ||
| 0.65 | -0.38 | 0.08 | 0.76 | 0.97 | BPRIX | ||
| -0.32 | -0.38 | 0.61 | -0.46 | -0.48 | QMHIX | ||
| -0.2 | 0.08 | 0.61 | -0.08 | 0.02 | GPMFX | ||
| 0.73 | 0.76 | -0.46 | -0.08 | 0.76 | SLFYX | ||
| 0.67 | 0.97 | -0.48 | 0.02 | 0.76 | TIIHX | ||
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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
| High negative correlations
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSQIX | 0.44 | (0.16) | 0.00 | (1.90) | 0.00 | 0.55 | 13.40 | |||
| BPRIX | 0.22 | (0.07) | 0.00 | (1.91) | 0.00 | 0.41 | 1.34 | |||
| QMHIX | 0.62 | 0.02 | 0.01 | 0.19 | 0.92 | 1.33 | 3.93 | |||
| GPMFX | 0.45 | (0.03) | 0.00 | (0.79) | 0.00 | 0.77 | 2.31 | |||
| SLFYX | 0.26 | (0.08) | 0.00 | (0.54) | 0.00 | 0.38 | 3.92 | |||
| TIIHX | 0.15 | (0.05) | 0.00 | (1.77) | 0.00 | 0.28 | 0.85 |