Korea Closed Correlations

KF Fund

USD 21.24 0.08 0.38%

The current 90-days correlation between Korea Closed and Western Asset Global is 0.2 (i.e., Modest diversification). The correlation of Korea Closed 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.

Korea Closed Correlation With Market

Very weak diversification

The correlation between Korea Closed and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korea Closed 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 Korea Closed. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Korea Fund

0.66	NEA	Nuveen Amt Free Sell-off Trend	Pair Corr
0.82	DNP	Dnp Select Income	Pair Corr
0.62	NAD	Nuveen Dividend Advantage Potential Growth	Pair Corr
0.67	NVG	Nuveen Amt Free	Pair Corr
0.74	UTF	Cohen And Steers	Pair Corr
0.63	NZF	Nuveen Municipal Credit	Pair Corr
0.78	PTY	Pimco Corporate Income	Pair Corr
0.7	HYMQX	Lord Abbett Short	Pair Corr
0.8	RPIDX	T Rowe Price	Pair Corr
0.69	LFROX	Lord Abbett Floating	Pair Corr
0.76	CMCAX	Cm Modity Index	Pair Corr
0.84	QEVOX	Quantified Evolution Plus	Pair Corr
0.77	HSNCX	The Hartford Strategic	Pair Corr
0.82	PINRX	Diversified International	Pair Corr
0.86	GIIYX	International Equity	Pair Corr
0.84	SVALX	Federated Strategic Value	Pair Corr
0.77	NWCIX	Nationwide E Plus	Pair Corr
0.73	DHRYX	Diamond Hill E	Pair Corr
0.84	ABYEX	Ab Emerging Markets	Pair Corr
0.74	CENEX	American Funds Lege	Pair Corr
0.74	GICCX	Goldman Sachs Intern	Pair Corr
0.82	LMGTX	Clearbridge International	Pair Corr
0.83	PFN	Pimco Income Strategy	Pair Corr
0.8	AAASX	Deutsche Real Assets	Pair Corr
0.7	WWACX	Westwood Alternative	Pair Corr
0.73	FLRRX	Franklin Low Duration	Pair Corr
0.78	PTSIX	Pimco International	Pair Corr
0.72	PSDPX	Pimco Short Duration	Pair Corr
0.64	RBOAX	Intermediate Bond	Pair Corr
0.8	PCITX	Pioneer International	Pair Corr
0.82	ICEWX	Mainstay Epoch Inter	Pair Corr
0.65	MFWHX	Mfs Global Total	Pair Corr
0.83	VDIPX	Vanguard Developed	Pair Corr
0.74	MINSX	Bny Mellon National	Pair Corr
0.75	PPFFX	American Funds Prese	Pair Corr
0.83	CPSIX	Channel Short Duration	Pair Corr

Related Correlations Analysis

	MXE	EHI	GF	MCR	CBH	CXH	IHTA	EOT	FMN	JEQ
MXE		0.66	0.75	0.68	0.0	0.56	0.0	0.55	0.57	0.6	MXE
EHI	0.66		0.56	0.84	0.0	0.54	0.0	0.46	0.6	0.38	EHI
GF	0.75	0.56		0.37	0.0	0.45	0.0	0.38	0.29	0.84	GF
MCR	0.68	0.84	0.37		0.0	0.67	0.0	0.56	0.73	0.22	MCR
CBH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CBH
CXH	0.56	0.54	0.45	0.67	0.0		0.0	0.87	0.87	0.35	CXH
IHTA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	IHTA
EOT	0.55	0.46	0.38	0.56	0.0	0.87	0.0		0.92	0.23	EOT
FMN	0.57	0.6	0.29	0.73	0.0	0.87	0.0	0.92		0.16	FMN
JEQ	0.6	0.38	0.84	0.22	0.0	0.35	0.0	0.23	0.16		JEQ
	MXE	EHI	GF	MCR	CBH	CXH	IHTA	EOT	FMN	JEQ

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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

FMN	+ 0.92	EOT
EOT	+ 0.87	CXH
FMN	+ 0.87	CXH
MCR	+ 0.84	EHI
JEQ	+ 0.84	GF
GF	+ 0.75	MXE

High negative correlations

JEQ	- 0.0	IHTA
FMN	- 0.0	IHTA
EOT	- 0.0	IHTA
IHTA	- 0.0	CXH
JEQ	- 0.0	CBH
FMN	- 0.0	CBH

Risk-Adjusted Indicators

There is a big difference between Korea Fund performing well and Korea Closed 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 Korea Closed'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
MXE	0.99	0.11	0.13	0.11	1.09	(1.15)	2.24	(1.93)	4.69
EHI	0.46	0.05	0.22	0.11	0.46	(0.56)	0.91	(0.77)	3.66
GF	0.97	0.44	0.37	0.55	0.76	(1.15)	2.80	(1.56)	7.35
MCR	0.40	0.01	0.00	(0.07)	0.00	0.00	0.66	(0.94)	3.88
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXH	0.42	(0.04)	0.00	(0.51)	0.00	0.00	0.76	(1.01)	2.56
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOT	0.47	(0.05)	0.00	(0.34)	0.00	0.00	1.01	(1.28)	2.87
FMN	0.43	(0.05)	0.00	(0.39)	0.00	0.00	0.80	(0.99)	3.00
JEQ	0.84	0.16	0.26	(0.69)	0.87	(0.96)	1.23	(1.35)	7.08

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