Kngt Clb Correlations

KCVIX Fund

USD 17.46 0.11 0.63%

The current 90-days correlation between Kngt Clb Larg and Siit High Yield is 0.21 (i.e., Modest 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

Average diversification

The correlation between Kngt Clb Larg and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kngt Clb Larg 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 Larg. 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

0.7	KCCIX	Knights Of Columbus	Pair Corr
0.72	KCCSX	Knights Of Umbus	Pair Corr
0.63	KCISX	Knights Of Umbus	Pair Corr
0.63	KCIIX	Kngt Clb Eqy	Pair Corr
0.89	KCRIX	Knights Of Columbus	Pair Corr
0.97	KCSIX	Kngt Clb Sml	Pair Corr
0.97	KCSSX	Knights Of Umbus	Pair Corr
1.0	KCVSX	Knights Of Umbus	Pair Corr
0.85	VVIAX	Vanguard Value Index	Pair Corr
0.83	DOXGX	Dodge Cox Stock	Pair Corr
0.91	AFMFX	American Mutual	Pair Corr
0.91	FFMMX	American Funds American	Pair Corr
0.91	FFFMX	American Funds American	Pair Corr
0.91	AMRMX	American Mutual	Pair Corr
0.91	AMFFX	American Mutual	Pair Corr
0.91	AMFCX	American Mutual	Pair Corr
0.94	DODGX	Dodge Stock Fund	Pair Corr
0.85	VIVAX	Vanguard Value Index	Pair Corr
0.79	XDSMX	Dreyfus Strategic	Pair Corr
0.8	XNXJX	Nuveen New Jersey	Pair Corr
0.69	PCF	Putnam High Income	Pair Corr
0.8	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Kngt Mutual Fund

0.46	KCLSX	Knights Of Umbus	Pair Corr
0.45	KCLIX	Knights Of Columbus	Pair Corr
0.4	KCEIX	Knights Of Columbus	Pair Corr
0.6	DHEYX	Diamond Hill Short	Pair Corr
0.57	SADAX	Wells Fargo Ultra	Pair Corr
0.55	LRRRX	Floating Rate	Pair Corr
0.49	ASFYX	Asg Managed Futures	Pair Corr
0.33	PFN	Pimco Income Strategy	Pair Corr

Related Correlations Analysis

	SGYAX	NMHYX	MRHYX	VRHYX	PHDTX
SGYAX		0.9	0.87	0.93	0.88	SGYAX
NMHYX	0.9		0.97	0.94	0.99	NMHYX
MRHYX	0.87	0.97		0.95	0.97	MRHYX
VRHYX	0.93	0.94	0.95		0.93	VRHYX
PHDTX	0.88	0.99	0.97	0.93		PHDTX
	SGYAX	NMHYX	MRHYX	VRHYX	PHDTX

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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
SGYAX	0.15	0.02	0.00	0.52	0.00	(0.26)	0.56	(0.28)	1.27
NMHYX	0.10	0.01	(0.05)	0.21	0.00	(0.15)	0.24	(0.24)	0.72
MRHYX	0.11	0.01	(0.03)	0.40	0.00	(0.15)	0.24	(0.24)	0.59
VRHYX	0.14	0.01	(0.02)	0.35	0.00	(0.38)	0.52	(0.26)	1.30
PHDTX	0.11	0.01	(0.06)	0.18	0.06	(0.14)	0.22	(0.23)	0.79

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