Cboe Vest Correlations

Mutual Funds . USA . 
Fund . Cboe Vest Sp
KNGIX Fund  USD 12.36  0.09  0.73%   
The current 90-days correlation between Cboe Vest Sp and Vest Large Cap is -0.02 (i.e., Good diversification). The correlation of Cboe Vest 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.

Cboe Vest Correlation With Market

Very poor diversification

The correlation between Cboe Vest Sp and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cboe Vest Sp 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 Cboe Vest Sp. 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 Cboe Mutual Fund

  0.94KNGYX Cboe Vest SpPairCorr
  0.94KNGAX Cboe Vest SpPairCorr
  1.0KNGCX Cboe Vest SpPairCorr
  0.94KNGLX Cboe Vest SpPairCorr
  0.67JEPAX Jpmorgan Research EquityPairCorr
  0.69JEPCX Jpmorgan Research EquityPairCorr
  0.63GSPKX Goldman Sachs EquityPairCorr
  0.64GVIRX Goldman Sachs EquityPairCorr
  0.64GSPAX Goldman Sachs EquityPairCorr
  0.63GSPQX Goldman Sachs EquityPairCorr
  0.63GIDWX Goldman Sachs EquityPairCorr
  0.95BMCIX Blackrock High EquityPairCorr
  0.86BRUFX Bruce Fund BrucePairCorr

Moving against Cboe Mutual Fund

  0.75BTCRX Vest Bitcoin StrategyPairCorr
  0.58ENGRX Vest Large Cap Steady GrowthPairCorr
  0.46BURGX Vest Large Cap Steady GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Cboe Mutual Fund performing well and Cboe Vest 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 Cboe Vest'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ENGRX  0.25  0.06  0.00  0.58  0.00 
 0.00 
 0.00 
 0.00 
 6.65 
ENGLX  0.21  0.02 (0.01) 0.09  0.33 
(0.27)
 0.67 
(0.40)
 2.77 
ENGIX  0.22  0.02 (0.01) 0.10  0.33 
(0.29)
 0.65 
(0.39)
 2.81 
ENGCX  0.21  0.02 (0.01) 0.09  0.29 
(0.30)
 0.59 
(0.44)
 2.61 
ENGAX  0.21  0.02 (0.01) 0.10  0.30 
(0.29)
 0.69 
(0.41)
 2.60 
ENGYX  0.22  0.02 (0.01) 0.10  0.33 
(0.27)
 0.64 
(0.38)
 2.75 
BTCLX  2.22  0.55  0.25  0.36  1.82 
(2.52)
 5.06 
(3.52)
 16.10 
BTCYX  2.22  0.55  0.25  0.36  1.82 
(2.53)
 5.05 
(3.52)
 16.15 
BTCVX  2.21  0.55  0.25  0.36  1.81 
(2.52)
 5.05 
(3.50)
 16.15 
BTCRX  1.21  0.63  0.00 (1.08) 0.00 
 0.00 
 0.00 
 0.00 
 40.70 

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