Kansas Municipal Correlations

KSMUX Fund

USD 9.45 0.01 0.11%

The current 90-days correlation between Kansas Municipal and Ab Bond Inflation is 0.54 (i.e., Very weak diversification). The correlation of Kansas Municipal 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.

Kansas Municipal Correlation With Market

Average diversification

The correlation between Kansas Municipal Fund 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 Kansas Municipal Fund 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 Kansas Municipal Fund. 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 employment.

Moving together with Kansas Mutual Fund

0.93	VMTIX	Viking Tax Free	Pair Corr
0.94	VMTTX	Viking Tax Free	Pair Corr
0.98	NEITX	Nebraska Municipal	Pair Corr
0.88	NEMUX	Nebraska Municipal	Pair Corr
0.94	OKMIX	Oklahoma Municipal	Pair Corr
0.94	KYTFX	Kentucky Tax Free	Pair Corr
0.92	UVABX	Virginia Bond	Pair Corr
0.82	HULYX	Hawaiian Tax Free	Pair Corr
0.91	HULFX	Hawaiian Tax Free	Pair Corr
0.83	ORTYX	Aquila Tax Free	Pair Corr
0.98	UVAIX	Usaa Virginia Bond	Pair Corr
0.98	USVAX	Virginia Bond	Pair Corr
0.9	HULAX	Hawaiian Tax Free	Pair Corr

Related Correlations Analysis

	ABNTX	SCCIX	CBOEX	PRVBX	SGYAX	ARTFX	DBLFX
ABNTX		0.91	0.97	0.97	0.85	0.84	0.97	ABNTX
SCCIX	0.91		0.94	0.9	0.68	0.71	0.96	SCCIX
CBOEX	0.97	0.94		0.97	0.77	0.75	0.98	CBOEX
PRVBX	0.97	0.9	0.97		0.86	0.83	0.96	PRVBX
SGYAX	0.85	0.68	0.77	0.86		0.94	0.75	SGYAX
ARTFX	0.84	0.71	0.75	0.83	0.94		0.74	ARTFX
DBLFX	0.97	0.96	0.98	0.96	0.75	0.74		DBLFX
	ABNTX	SCCIX	CBOEX	PRVBX	SGYAX	ARTFX	DBLFX

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Risk-Adjusted Indicators

There is a big difference between Kansas Mutual Fund performing well and Kansas Municipal 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 Kansas Municipal'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
ABNTX	0.16	0.03	0.26	6.03	0.00	(0.21)	0.30	(0.39)	0.99
SCCIX	0.25	0.01	0.16	(0.23)	0.22	(0.31)	0.57	(0.38)	1.44
CBOEX	0.17	0.02	0.23	0.75	0.11	(0.21)	0.33	(0.32)	0.98
PRVBX	0.10	0.01	0.41	0.26	0.00	(0.13)	0.23	(0.17)	0.53
SGYAX	0.16	0.02	0.19	0.14	0.07	(0.26)	0.56	(0.28)	1.57
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
DBLFX	0.22	0.01	0.18	0.45	0.19	(0.27)	0.54	(0.33)	1.33

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Kansas Municipal Correlations

Kansas Municipal Correlation With Market

Average diversification

Moving together with Kansas Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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