Kensington Dynamic Correlations

Mutual Funds . USA . 
Fund . Kensington Dynamic Growth
KAGIX Fund  USD 13.79  0.05  0.36%   
The current 90-days correlation between Kensington Dynamic Growth and Kensington Defender Institutional is -0.11 (i.e., Good diversification). The correlation of Kensington Dynamic 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 Dynamic Correlation With Market

Poor diversification

The correlation between Kensington Dynamic Growth and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kensington Dynamic Growth 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 Dynamic 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 gross domestic product.

Moving together with Kensington Mutual Fund

  0.97DFNDX Kensington DefenderPairCorr
  0.94KADAX Kensington ActivePairCorr
  0.95KADCX Kensington ActivePairCorr
  0.94KADIX Kensington ActivePairCorr
  0.99KAGAX Kensington Dynamic GrowthPairCorr
  0.99KAGCX Kensington Dynamic GrowthPairCorr
  0.94PAALX All Asset FundPairCorr
  0.94PATRX Pimco All AssetPairCorr
  0.94PAAIX All Asset FundPairCorr
  0.94PALPX Pimco All AssetPairCorr
  0.9PASAX All Asset FundPairCorr
  0.94PASCX All Asset FundPairCorr
  0.94PAANX Pimco All AssetPairCorr
  0.91PAUPX Pimco All AssetPairCorr
  0.92PAUIX Pimco All AssetPairCorr
  0.97VSTSX Vanguard Total StockPairCorr
  0.97VSMPX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.97VFFSX Vanguard 500 IndexPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.96VTISX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.96VTPSX Vanguard Total InterPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.97VTSAX Vanguard Total StockPairCorr
  0.81AAAQX Deutsche Real AssetsPairCorr
  0.94MOORX Massmutual Premier SmallPairCorr
  0.93VVPLX Vulcan Value PartnersPairCorr
  0.8BGY Blackrock InternationalPairCorr
  0.96NWALX Nationwide Bny MellonPairCorr
  0.82MMCFX Amg Managers Emerging Steady GrowthPairCorr
  0.84RAAIX Altegrisaaca Opportunistic Steady GrowthPairCorr
  0.98PGWAX Allianzgi Focused GrowthPairCorr
  0.97VSRAX Invesco Small CapPairCorr
  0.96FISMX Fidelity InternationalPairCorr
  0.95TNMRX 1290 Multi AlternativePairCorr
  0.98VFINX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Kensington Mutual Fund performing well and Kensington Dynamic 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 Dynamic'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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