Kensington Active Correlations

KADAX Fund

USD 10.81 0.00 0.00%

The current 90-days correlation between Kensington Active and Touchstone Ultra Short is -0.21 (i.e., Very good diversification). The correlation of Kensington Active 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.

Kensington Active Correlation With Market

Good diversification

The correlation between Kensington Active Advantage and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kensington Active Advantage 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 Kensington Active Advantage. 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 Kensington Mutual Fund

0.77	DFNDX	Kensington Defender	Pair Corr
1.0	KADCX	Kensington Active	Pair Corr
0.76	KADIX	Kensington Active	Pair Corr
0.81	KAGAX	Kensington Dynamic Growth	Pair Corr
0.81	KAGCX	Kensington Dynamic Growth	Pair Corr
0.82	KAGIX	Kensington Dynamic Growth	Pair Corr
0.64	PAALX	All Asset Fund	Pair Corr
0.64	PATRX	Pimco All Asset	Pair Corr
0.65	PAAIX	All Asset Fund	Pair Corr
0.65	PALPX	Pimco All Asset	Pair Corr
0.65	PASAX	All Asset Fund	Pair Corr
0.64	PASCX	All Asset Fund	Pair Corr
0.65	PAANX	Pimco All Asset	Pair Corr
0.61	PAUPX	Pimco All Asset	Pair Corr
0.74	WARRX	Wells Fargo Advantage	Pair Corr
0.62	GPMFX	Guidepath Managed Futures	Pair Corr
0.78	PQTAX	Pimco Trends Managed	Pair Corr
0.78	PQTNX	Pimco Trends Managed	Pair Corr
0.78	PQTIX	Aa Pimco Tr	Pair Corr
0.74	WARCX	Wells Fargo Advantage	Pair Corr
0.65	CGCMX	Columbia Growth Port	Pair Corr
0.75	TFTIX	Tiaa Cref Lifecycle	Pair Corr
0.84	NFFFX	New World Fund	Pair Corr
0.69	SMASX	Alpssmith Short Duration	Pair Corr
0.69	FRUAX	Franklin Utilities	Pair Corr
0.77	FRBEX	Fidelity Freedom 2070	Pair Corr
0.75	SITEX	Sit Emerging Markets	Pair Corr
0.71	SEAIX	Saat Aggressive Strategy	Pair Corr
0.84	NWFFX	New World Fund	Pair Corr
0.68	IMDRX	Transamerica Asset	Pair Corr
0.82	BTTRX	Zero Pon 2025	Pair Corr

Related Correlations Analysis

	TSDCX	GTLSX	BDMKX	FSILX	AOUNX	SUSAX	ASDIX	BPIRX
TSDCX		0.82	0.69	0.97	0.99	0.99	0.89	0.51	TSDCX
GTLSX	0.82		0.59	0.73	0.79	0.79	0.77	0.41	GTLSX
BDMKX	0.69	0.59		0.69	0.71	0.68	0.79	0.83	BDMKX
FSILX	0.97	0.73	0.69		0.98	0.98	0.91	0.54	FSILX
AOUNX	0.99	0.79	0.71	0.98		0.99	0.91	0.54	AOUNX
SUSAX	0.99	0.79	0.68	0.98	0.99		0.89	0.52	SUSAX
ASDIX	0.89	0.77	0.79	0.91	0.91	0.89		0.56	ASDIX
BPIRX	0.51	0.41	0.83	0.54	0.54	0.52	0.56		BPIRX
	TSDCX	GTLSX	BDMKX	FSILX	AOUNX	SUSAX	ASDIX	BPIRX

Risk-Adjusted Indicators

There is a big difference between Kensington Mutual Fund performing well and Kensington Active 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 Kensington Active'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
TSDCX	0.04	0.00	0.00	(2.69)	0.00	0.00	0.11	(0.11)	0.44
GTLSX	0.35	0.02	(0.03)	0.13	0.36	(0.36)	0.70	(0.56)	1.78
BDMKX	0.07	0.00	(0.44)	0.12	0.00	(0.13)	0.11	(0.11)	0.42
FSILX	0.06	0.01	(0.39)	(0.81)	0.00	(0.19)	0.12	(0.12)	0.59
AOUNX	0.05	0.01	(0.45)	(0.65)	0.00	(0.19)	0.10	(0.10)	0.51
SUSAX	0.04	0.00	0.00	0.00	0.00	0.00	0.10	(0.10)	0.51
ASDIX	0.04	0.00	(0.43)	(0.37)	0.00	(0.11)	0.10	(0.10)	0.40
BPIRX	0.34	0.02	(0.01)	0.09	0.44	(0.36)	0.80	(0.78)	2.32

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Kensington Active Correlations

Kensington Active Correlation With Market

Good diversification

Moving together with Kensington Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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