Kensington Managed Correlations

Mutual Funds . USA . 
Fund . Kensington Managed Income
KAMIX Fund  USD 9.52  0.12  1.24%   
The current 90-days correlation between Kensington Managed Income and Blackrock Government Bond is 0.23 (i.e., Modest 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 gross domestic product.

Moving together with Kensington Mutual Fund

  0.94SAPEX Spectrum AdvisorsPairCorr
  0.86OTRFX Ontrack E FundPairCorr
  0.85OTRGX Ontrack E FundPairCorr
  0.98SUNBX Spectrum UnconstrainedPairCorr
  0.97QMLAX Quantified Market LeadersPairCorr
  0.97QMLFX Quantified Market LeadersPairCorr
  0.95SVARX Spectrum Low VolatilityPairCorr
  0.98SFHYX Hundredfold SelectPairCorr
  0.93QRDTX Quantified RisingPairCorr
  0.96QALAX Quantified AlternativePairCorr
  0.96QALTX Quantified AlternativePairCorr
  0.92QSPMX Quantified PatternPairCorr
  0.93QSTFX Quantified StfPairCorr
  0.93QSTAX Quantified StfPairCorr
  0.91QBDAX Quantified Managed IncomePairCorr
  0.92QBDSX Quantified Managed IncomePairCorr
  0.97QTSSX Quantified TacticalPairCorr
  0.67QCGDX Quantified Common GroundPairCorr
  0.91QGBLX Quantified GlobalPairCorr
  0.85QGITX Quantified GovernmentPairCorr
  1.0KAMAX Kensington Managed IncomePairCorr
  0.98KAMCX Kensington Managed IncomePairCorr
  0.96BSIKX Blackrock StrategicPairCorr
  0.95BSICX Blackrock Strategic OppsPairCorr
  0.96BASIX Blackrock Strategic OppsPairCorr
  0.96BSIIX Blackrock StrategicPairCorr
  0.96JSORX Jpmorgan Strategic IncomePairCorr
  0.95JSOZX Jpmorgan Strategic IncomePairCorr
  0.93JSOCX Jpmorgan Strategic IncomePairCorr
  0.95JSOSX Jpmorgan Strategic IncomePairCorr
  0.94JSOAX Jpmorgan Strategic IncomePairCorr
  0.84PMZCX Pimco Mortgage OpporPairCorr

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.

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