Kngt Clb Correlations

KCIIX Fund

USD 12.50 0.06 0.48%

The current 90-days correlation between Kngt Clb Eqy and Knights Of Columbus is 0.42 (i.e., Very weak diversification). The correlation of Kngt Clb 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.

Kngt Clb Correlation With Market

Modest diversification

The correlation between Kngt Clb Eqy and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kngt Clb Eqy 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 Kngt Clb Eqy. 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 Kngt Mutual Fund

0.69	KCCIX	Knights Of Columbus	Pair Corr
0.71	KCCSX	Knights Of Umbus	Pair Corr
1.0	KCISX	Knights Of Umbus	Pair Corr
0.8	KCRIX	Knights Of Columbus	Pair Corr
0.63	KCVSX	Knights Of Umbus	Pair Corr
0.63	KCVIX	Kngt Clb Larg	Pair Corr
0.97	VGTSX	Vanguard Total Inter	Pair Corr
0.97	VTIAX	Vanguard Total Inter	Pair Corr
0.97	VTSNX	Vanguard Total Inter	Pair Corr
0.97	VTPSX	Vanguard Total Inter	Pair Corr
0.97	VTISX	Vanguard Total Inter	Pair Corr
0.96	VTMGX	Vanguard Developed	Pair Corr
0.97	VDVIX	Vanguard Developed	Pair Corr
0.97	VTMNX	Vanguard Developed	Pair Corr
0.97	VDIPX	Vanguard Developed	Pair Corr
0.95	FSPSX	Fidelity International	Pair Corr

Moving against Kngt Mutual Fund

0.74	KCEIX	Knights Of Columbus	Pair Corr
0.49	KCLSX	Knights Of Umbus	Pair Corr
0.46	KCLIX	Knights Of Columbus	Pair Corr
0.33	KCGSX	Knights Of Umbus	Pair Corr
0.33	KCGIX	Kngt Clb Larg	Pair Corr
0.82	GAEGX	Columbia Large Cap	Pair Corr
0.8	SRDAX	Stone Ridge Diversified	Pair Corr
0.77	NTG	Tortoise Mlp Closed	Pair Corr
0.77	PFFRX	T Rowe Price	Pair Corr
0.76	LFROX	Lord Abbett Floating	Pair Corr
0.71	TTP	Tortoise Pipeline And	Pair Corr
0.61	XHGLX	Highland Global Allo	Pair Corr
0.6	IWRFX	Voya Russia Fund	Pair Corr
0.6	IIRFX	Voya Russia Fund	Pair Corr
0.59	LETRX	Voya Russia Fund	Pair Corr
0.54	BFTUX	Baron Fifth Avenue	Pair Corr
0.47	CISGX	Touchstone Sands Capital	Pair Corr
0.35	HNCVX	Harbor Vertible Secu	Pair Corr

Related Correlations Analysis

	KCCIX	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLIX	KCLSX	KCRIX
KCCIX		1.0	-0.35	0.17	0.17	0.69	0.69	0.05	-0.01	0.77	KCCIX
KCCSX	1.0		-0.38	0.16	0.16	0.7	0.71	0.01	-0.05	0.79	KCCSX
KCEIX	-0.35	-0.38		0.68	0.68	-0.74	-0.74	0.71	0.68	-0.61	KCEIX
KCGSX	0.17	0.16	0.68		1.0	-0.33	-0.33	0.62	0.59	-0.13	KCGSX
KCGIX	0.17	0.16	0.68	1.0		-0.33	-0.33	0.62	0.58	-0.13	KCGIX
KCISX	0.69	0.7	-0.74	-0.33	-0.33		1.0	-0.46	-0.49	0.79	KCISX
KCIIX	0.69	0.71	-0.74	-0.33	-0.33	1.0		-0.46	-0.49	0.8	KCIIX
KCLIX	0.05	0.01	0.71	0.62	0.62	-0.46	-0.46		0.94	-0.5	KCLIX
KCLSX	-0.01	-0.05	0.68	0.59	0.58	-0.49	-0.49	0.94		-0.55	KCLSX
KCRIX	0.77	0.79	-0.61	-0.13	-0.13	0.79	0.8	-0.5	-0.55		KCRIX
	KCCIX	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLIX	KCLSX	KCRIX

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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

KCCSX	+ 1.0	KCCIX
KCGIX	+ 1.0	KCGSX
KCIIX	+ 1.0	KCISX
KCLSX	+ 0.94	KCLIX
KCRIX	+ 0.8	KCIIX
KCRIX	+ 0.79	KCCSX

High negative correlations

KCIIX	- 0.74	KCEIX
KCISX	- 0.74	KCEIX
KCRIX	- 0.61	KCEIX
KCRIX	- 0.55	KCLSX
KCRIX	- 0.5	KCLIX
KCLSX	- 0.49	KCIIX

Risk-Adjusted Indicators

There is a big difference between Kngt Mutual Fund performing well and Kngt Clb 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 Kngt Clb'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
KCCIX	0.23	(0.03)	0.00	(0.44)	0.00	0.00	0.47	(0.58)	1.51
KCCSX	0.23	(0.03)	0.00	(0.45)	0.00	0.00	0.47	(0.58)	1.51
KCEIX	0.23	0.06	0.11	0.49	0.04	(0.30)	0.50	(0.42)	2.44
KCGSX	0.68	0.04	0.03	0.16	0.99	(0.67)	1.31	(1.53)	5.71
KCGIX	0.68	0.04	0.03	0.16	0.99	(0.65)	1.30	(1.57)	5.67
KCISX	0.52	(0.10)	0.00	(0.40)	0.00	0.00	0.91	(1.18)	3.35
KCIIX	0.51	(0.09)	0.00	(0.39)	0.00	0.00	0.88	(1.17)	3.34
KCLIX	0.06	0.00	(0.18)	(0.18)	0.00	(0.13)	0.10	(0.10)	0.52
KCLSX	0.07	0.00	(0.16)	0.16	0.00	(0.12)	0.10	(0.10)	0.42
KCRIX	0.82	(0.10)	0.00	(0.28)	0.00	0.00	1.28	(1.85)	5.52

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