Kkr Income Correlations

KIO Fund

USD 12.34 0.01 0.08%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kkr Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kkr Income Opportunities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kkr Income Correlation With Market

Average diversification

The correlation between Kkr Income Opportunities and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kkr Income Opportunities 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 Kkr Income Opportunities. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Kkr Fund

0.82	HRBDX	Harbor Bond Fund	Pair Corr
0.8	USGDX	Morgan Stanley Government	Pair Corr
0.8	ABNOX	Ab Bond Inflation	Pair Corr
0.77	VICSX	Vanguard Intermediate-ter	Pair Corr
0.74	DBIWX	Dws Global Macro	Pair Corr
0.74	GIOIX	Guggenheim Macro Opp	Pair Corr
0.66	DNP	Dnp Select Income	Pair Corr
0.63	SGDLX	Sprott Gold Equity	Pair Corr
0.62	UTF	Cohen And Steers	Pair Corr
0.62	HTD	John Hancock Tax	Pair Corr
0.59	PTY	Pimco Corporate Income	Pair Corr
0.58	NAC	Nuveen California	Pair Corr
0.57	NVG	Nuveen Amt Free	Pair Corr
0.52	NZF	Nuveen Municipal Credit	Pair Corr
0.49	NEA	Nuveen Amt Free	Pair Corr
0.46	TIMUX	Transamerica Intermediate	Pair Corr
0.41	NAD	Nuveen Dividend Advantage	Pair Corr
0.36	HWACX	Hotchkis Wiley Value	Pair Corr

Related Correlations Analysis

	JRO	JFR	MUI	EVF	AFT	NDMO	MQY	KTF	MYI	VBF
JRO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	JRO
JFR	0.0		0.67	-0.17	0.0	-0.77	-0.35	-0.3	-0.47	-0.29	JFR
MUI	0.0	0.67		0.04	0.0	-0.66	-0.57	-0.5	-0.47	-0.35	MUI
EVF	0.0	-0.17	0.04		0.0	0.26	0.18	0.3	0.38	0.64	EVF
AFT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AFT
NDMO	0.0	-0.77	-0.66	0.26	0.0		0.69	0.71	0.81	0.43	NDMO
MQY	0.0	-0.35	-0.57	0.18	0.0	0.69		0.83	0.76	0.63	MQY
KTF	0.0	-0.3	-0.5	0.3	0.0	0.71	0.83		0.85	0.55	KTF
MYI	0.0	-0.47	-0.47	0.38	0.0	0.81	0.76	0.85		0.6	MYI
VBF	0.0	-0.29	-0.35	0.64	0.0	0.43	0.63	0.55	0.6		VBF
	JRO	JFR	MUI	EVF	AFT	NDMO	MQY	KTF	MYI	VBF

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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

MYI	+ 0.85	KTF
KTF	+ 0.83	MQY
MYI	+ 0.81	NDMO
MYI	+ 0.76	MQY
KTF	+ 0.71	NDMO
MQY	+ 0.69	NDMO

High negative correlations

NDMO	- 0.77	JFR
NDMO	- 0.66	MUI
MQY	- 0.57	MUI
KTF	- 0.5	MUI
MYI	- 0.47	MUI
MYI	- 0.47	JFR

Risk-Adjusted Indicators

There is a big difference between Kkr Fund performing well and Kkr Income 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 Kkr Income'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
JRO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JFR	0.47	(0.06)	0.00	(0.31)	0.00	0.00	0.94	(1.25)	3.46
MUI	0.46	(0.04)	0.00	0.46	0.00	0.00	0.73	(1.40)	3.95
EVF	0.33	(0.06)	0.00	(0.59)	0.00	0.00	0.66	(0.82)	1.98
AFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDMO	0.38	0.01	0.07	0.04	0.51	(0.39)	0.79	(0.79)	1.77
MQY	0.53	(0.06)	0.00	(0.25)	0.00	0.00	1.04	(1.18)	2.85
KTF	0.36	(0.03)	0.00	(0.37)	0.00	0.00	0.75	(0.95)	2.76
MYI	0.51	0.01	0.06	0.01	0.59	(0.61)	1.09	(1.08)	3.13
VBF	0.43	(0.05)	0.00	(0.51)	0.00	0.00	0.89	(1.30)	2.91

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