Knights Of Correlations
| KCRIX Fund | USD 7.96 0.13 1.61% |
The current 90-days correlation between Knights Of Columbus and Wilmington Diversified Income is -0.19 (i.e., Good 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
Very good diversification
The correlation between Knights Of Columbus and DJI is -0.25 (i.e., Very good 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.
Knights |
Moving together with Knights Mutual Fund
| 0.71 | HR | Healthcare Realty Trust | PairCorr |
| 0.65 | KW | Kennedy Wilson Holdings | PairCorr |
| 0.65 | ADC-PA | Agree Realty | PairCorr |
| 0.61 | EPRT | Essential Properties | PairCorr |
Moving against Knights Mutual Fund
Related Correlations Analysis
| 0.73 | 0.81 | 0.46 | 0.39 | 0.41 | 0.83 | WDIAX | ||
| 0.73 | 0.92 | 0.9 | 0.36 | 0.56 | 0.92 | CAARX | ||
| 0.81 | 0.92 | 0.84 | 0.52 | 0.7 | 0.99 | JABJX | ||
| 0.46 | 0.9 | 0.84 | 0.34 | 0.6 | 0.82 | WCAFX | ||
| 0.39 | 0.36 | 0.52 | 0.34 | 0.91 | 0.45 | QDARX | ||
| 0.41 | 0.56 | 0.7 | 0.6 | 0.91 | 0.63 | DLTZX | ||
| 0.83 | 0.92 | 0.99 | 0.82 | 0.45 | 0.63 | BICPX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WDIAX | 0.66 | 0.02 | 0.00 | (0.08) | 0.00 | 1.23 | 3.64 | |||
| CAARX | 0.29 | (0.05) | 0.00 | 0.40 | 0.00 | 0.61 | 1.68 | |||
| JABJX | 0.21 | 0.00 | 0.00 | (0.12) | 0.00 | 0.49 | 1.19 | |||
| WCAFX | 0.26 | (0.03) | 0.00 | 0.35 | 0.00 | 0.57 | 1.70 | |||
| QDARX | 0.08 | 0.03 | 1.27 | 1.08 | 0.00 | 0.25 | 0.49 | |||
| DLTZX | 0.08 | 0.01 | 0.70 | 0.25 | 0.00 | 0.26 | 0.64 | |||
| BICPX | 0.24 | 0.00 | 0.00 | (0.13) | 0.00 | 0.54 | 1.55 |