Kensington Managed Correlations

Mutual Funds . USA . 
Fund . Kensington Managed Income
KAMAX Fund  USD 9.66  0.01  0.10%   
The current 90-days correlation between Kensington Managed Income and Blackrock Strategic Income is 0.43 (i.e., Very weak diversification). The correlation of Kensington Managed 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 Managed Correlation With Market

Good diversification

The correlation between Kensington Managed Income and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kensington Managed Income 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 Managed Income. 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

  0.94SAPEX Spectrum AdvisorsPairCorr
  0.88OTRFX Ontrack E FundPairCorr
  0.97QMLAX Quantified Market LeadersPairCorr
  0.97QMLFX Quantified Market LeadersPairCorr
  0.95SVARX Spectrum Low VolatilityPairCorr
  0.97SFHYX Hundredfold SelectPairCorr
  1.0KAMCX Kensington Managed IncomePairCorr
  0.97BSIKX Blackrock StrategicPairCorr
  0.72BSICX Blackrock Strategic OppsPairCorr
  0.73BASIX Blackrock Strategic OppsPairCorr
  0.97BSIIX Blackrock StrategicPairCorr
  0.7JSORX Jpmorgan Strategic IncomePairCorr
  0.69JSOZX Jpmorgan Strategic IncomePairCorr
  0.69JSOCX Jpmorgan Strategic IncomePairCorr
  0.67JSOSX Jpmorgan Strategic IncomePairCorr
  0.67JSOAX Jpmorgan Strategic IncomePairCorr
  0.61PMZCX Pimco Mortgage OpporPairCorr
  0.97SMPIX Semiconductor UltrasectorPairCorr
  0.97SMPSX Semiconductor UltrasectorPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
  0.8EMO Clearbridge Energy MlpPairCorr
  0.95RSNYX Victory Global NaturalPairCorr
  0.61SPMPX Invesco Steelpath MlpPairCorr
  0.95RGNCX Victory Global NaturalPairCorr
  0.68LTNYX Opnhmr RchstrPairCorr
  0.94ICEQX Ivy E EquityPairCorr
  0.91HUMDX Huber Capital MidPairCorr
  0.74CCIFX Columbia SeligmanPairCorr
  0.63LENAX Blackrock Lifepath EsgPairCorr
  0.67JHBJX John Hancock FundsPairCorr
  0.62PSRCX Pioneer Strategic IncomePairCorr
  0.66PCGRX Pioneer Mid CapPairCorr
  0.73ADVMX Advisory ResearchPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Kensington Mutual Fund performing well and Kensington Managed 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 Managed'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
BSIKX  0.13  0.04 (1.00)(22.13) 0.00 
(0.17)
 0.32 
(0.21)
 0.73 
BSICX  0.13  0.02 (0.94) 0.70  0.00 
(0.19)
 0.31 
(0.21)
 0.73 
BASIX  0.13  0.03 (0.99) 0.94  0.00 
(0.17)
 0.21 
(0.21)
 0.73 
BSIIX  0.13  0.04 (0.96) 23.32  0.00 
(0.18)
 0.32 
(0.21)
 0.73 
JSORX  0.03  0.01  0.00  3.94  0.00 
 0.00 
 0.09 
 0.00 
 0.18 
JSOZX  0.03  0.01  0.00 (2.33) 0.00 
 0.00 
 0.09 
 0.00 
 0.18 
JSOCX  0.03  0.01  0.00 (1.21) 0.00 
 0.00 
 0.09 
 0.00 
 0.18 
JSOSX  0.03  0.01  0.00 (3.06) 0.00 
 0.00 
 0.09 
 0.00 
 0.09 
JSOAX  0.03  0.01  0.00 (4.44) 0.00 
 0.00 
 0.09 
 0.00 
 0.18 
PMZCX  0.18  0.01 (0.79) 1.71  0.10 
(0.23)
 0.43 
(0.32)
 1.19 

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