Alps/kotak India Correlations

Mutual Funds . USA . 
Fund . Alpskotak India Growth
INDAX Fund  USD 17.11  0.15  0.87%   
The current 90-days correlation between Alpskotak India Growth and Wasatch Emerging India is 0.82 (i.e., Very poor diversification). The correlation of Alps/kotak India 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.

Alps/kotak India Correlation With Market

Good diversification

The correlation between Alpskotak India Growth and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpskotak India Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alpskotak India Growth. 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 nation.

Moving together with Alps/kotak Mutual Fund

  0.65INAAX Alpskotak India GrowthPairCorr
  1.0INFCX Alpskotak India GrowthPairCorr
  1.0INDIX Alpskotak India GrowthPairCorr
  1.0INDSX Financial Investors TrustPairCorr
  0.73RAGIX Riverfront Asset AllPairCorr
  0.61JCCSX AlpscorecommodityPairCorr
  0.72JCRAX Alps/corecommodityPairCorr
  0.71JCRCX Alps/corecommodityPairCorr
  0.71JCRIX Alps/corecommodityPairCorr
  0.74BHIIX Brigade High IncomePairCorr
  0.66SMASX Alpssmith Short DurationPairCorr
  0.61SMAMX Alpssmith Total ReturnPairCorr
  0.77SMCVX ALPSSmith Credit OppPairCorr
  0.77SMCRX ALPSSmith Credit OppPairCorr
  0.77SMCAX DEUTSCHE MID CAPPairCorr
  0.77SMCCX DEUTSCHE MID CAPPairCorr
  0.67SMDSX Alpssmith Short DurationPairCorr
  0.73RLGAX Riverfront Dynamic EquityPairCorr
  0.74ALCBX ALPSSmith BalancedPairCorr
  0.74ALIBX ALPSSmith BalancedPairCorr
  0.74ALPBX ALPSSmith BalancedPairCorr
  0.95MIDNX Matthews IndiaPairCorr
  0.95MINDX Matthews IndiaPairCorr
  0.87WAINX Wasatch Emerging IndiaPairCorr
  0.81ECGIX Eaton Vance GreaterPairCorr
  0.83ETGIX Eaton Vance GreaterPairCorr
  0.73FSMMX Fs Multi StrategyPairCorr
  0.78BTMPX Ishares Msci EafePairCorr
  0.63BTMKX Blackrock InternationalPairCorr
  0.79MDIIX Blackrock Intern IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Alps/kotak Mutual Fund performing well and Alps/kotak India 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 Alps/kotak India'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.

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