Kngt Clb Correlations

KCSIX Fund

USD 13.39 0.19 1.44%

The current 90-days correlation between Kngt Clb Sml and Lord Abbett Intermediate is 0.01 (i.e., Significant 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

Poor diversification

The correlation between Kngt Clb Sml and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kngt Clb Sml 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 Sml. 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

1.0	KCSSX	Knights Of Umbus	Pair Corr
0.95	KCVSX	Knights Of Umbus	Pair Corr
0.88	KCVIX	Kngt Clb Larg	Pair Corr
0.67	KCXIX	Knights Of Columbus	Pair Corr
0.74	VSMAX	Vanguard Small Cap	Pair Corr
0.74	VSCIX	Vanguard Small Cap	Pair Corr
0.79	VSCPX	Vanguard Small Cap	Pair Corr
0.76	NAESX	Vanguard Small Cap	Pair Corr
0.83	FSSNX	Fidelity Small Cap	Pair Corr
0.84	DFSTX	Us Small Cap	Pair Corr
0.87	PASVX	T Rowe Price	Pair Corr
0.86	PRVIX	T Rowe Price	Pair Corr
0.89	TRZVX	T Rowe Price	Pair Corr
0.86	PRSVX	T Rowe Price	Pair Corr
0.81	WHIYX	Ivy High Income	Pair Corr
0.8	IVHIX	Ivy High Income	Pair Corr
0.89	IHIFX	Ivy High Income	Pair Corr
0.8	WRHIX	Ivy High Income	Pair Corr
0.88	WHIAX	Ivy High Income	Pair Corr

Moving against Kngt Mutual Fund

0.47

IGOIX

Rational Inflation Growth

Pair Corr

Related Correlations Analysis

	LOISX	FCMAX	ABIMX	MNBCX	SSAGX	MSTPX	GCMVX	BIDPX
LOISX		0.98	0.99	0.94	0.07	0.97	0.98	0.99	LOISX
FCMAX	0.98		0.96	0.98	0.15	0.97	0.99	0.99	FCMAX
ABIMX	0.99	0.96		0.92	0.05	0.98	0.95	0.99	ABIMX
MNBCX	0.94	0.98	0.92		0.21	0.93	0.97	0.96	MNBCX
SSAGX	0.07	0.15	0.05	0.21		0.12	0.08	0.13	SSAGX
MSTPX	0.97	0.97	0.98	0.93	0.12		0.94	0.99	MSTPX
GCMVX	0.98	0.99	0.95	0.97	0.08	0.94		0.97	GCMVX
BIDPX	0.99	0.99	0.99	0.96	0.13	0.99	0.97		BIDPX
	LOISX	FCMAX	ABIMX	MNBCX	SSAGX	MSTPX	GCMVX	BIDPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LOISX	0.15	(0.03)	0.00	(0.87)	0.00	0.29	(0.39)	1.27
FCMAX	0.20	(0.04)	0.00	(0.63)	0.00	0.33	(0.48)	1.64
ABIMX	0.23	(0.05)	0.00	(0.89)	0.00	0.40	(0.51)	1.84
MNBCX	0.32	(0.04)	0.00	(0.48)	0.00	0.62	(1.05)	3.33
SSAGX	0.03	(0.01)	(0.19)	(1.21)	(0.15)	0.10	(0.10)	0.51
MSTPX	0.14	(0.03)	0.00	(0.76)	0.00	0.30	(0.50)	1.30
GCMVX	0.12	(0.03)	0.00	(1.10)	0.00	0.20	(0.30)	0.90
BIDPX	0.18	(0.04)	0.00	(0.73)	0.00	0.36	(0.45)	1.64

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