Knights Of Correlations

Mutual Funds . USA . 
Fund . Knights Of Columbus
KCCIX Fund  USD 8.70  0.01  0.12%   
The current 90-days correlation between Knights Of Columbus and Knights Of Umbus is 0.97 (i.e., Almost no diversification). The correlation of Knights Of 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.

Knights Of Correlation With Market

Average diversification

The correlation between Knights Of Columbus and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knights Of Columbus 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 Knights Of Columbus. 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 Knights Mutual Fund

  1.0KCCSX Knights Of UmbusPairCorr
  0.66KCGSX Knights Of UmbusPairCorr
  0.66KCGIX Kngt Clb LargPairCorr
  0.61KCISX Knights Of UmbusPairCorr
  0.61KCIIX Kngt Clb EqyPairCorr
  0.9KCLIX Knights Of ColumbusPairCorr
  0.91KCLSX Knights Of UmbusPairCorr
  0.64KCSSX Knights Of UmbusPairCorr
  0.69KCVSX Knights Of UmbusPairCorr
  0.66KCXIX Knights Of ColumbusPairCorr
  0.87VBTLX Vanguard Total BondPairCorr
  0.98VBMFX Vanguard Total BondPairCorr
  0.98VBTIX Vanguard Total BondPairCorr
  0.98VTBSX Vanguard Total BondPairCorr
  0.98VTBIX Vanguard Total BondPairCorr
  0.98VTBNX Vanguard Total BondPairCorr
  0.98FBOFX American FundsPairCorr
  0.98FFBOX American FundsPairCorr
  0.98BFAFX Bond FundPairCorr
  0.98ABNDX Bond FundPairCorr
  0.68VSTSX Vanguard Total StockPairCorr
  0.68VSMPX Vanguard Total StockPairCorr
  0.68VITSX Vanguard Total StockPairCorr
  0.68VFFSX Vanguard 500 IndexPairCorr
  0.68VFIAX Vanguard 500 IndexPairCorr
  0.68VTISX Vanguard Total InterPairCorr
  0.68VTSNX Vanguard Total InterPairCorr
  0.68VTPSX Vanguard Total InterPairCorr
  0.68VINIX Vanguard InstitutionalPairCorr
  0.67VTSAX Vanguard Total StockPairCorr
  0.63LDVAX Leland Thomson ReutersPairCorr
  0.69CGCIX Calamos Global GrowthPairCorr
  0.73VLSMX Valic Company IPairCorr
  0.74JNSPX Jpmorgan SmartretirementPairCorr
  0.82EMLJX Mfs Emerging MarketsPairCorr
  0.69GGFSX Gabelli Global FinancialPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Knights Mutual Fund performing well and Knights Of 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 Knights Of'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
KCCIX  0.22  0.01 (0.42) 0.31  0.18 
(0.25)
 0.35 
(0.35)
 1.16 
KCCSX  0.23  0.01 (0.40) 0.20  0.20 
(0.26)
 0.47 
(0.46)
 1.05 
KCEIX  0.26  0.02 (0.24) 0.20  0.18 
(0.31)
 0.67 
(0.42)
 2.07 
KCGSX  0.74  0.17  0.16  0.32  0.55 
(0.86)
 2.34 
(1.17)
 4.83 
KCGIX  0.74  0.17  0.16  0.32  0.54 
(0.86)
 2.32 
(1.16)
 4.85 
KCISX  0.45  0.12  0.07  0.44  0.24 
(0.52)
 1.23 
(1.00)
 3.14 
KCIIX  0.44  0.12  0.07  0.44  0.24 
(0.50)
 1.15 
(0.92)
 3.21 
KCLIX  0.08  0.02 (0.74)(0.66) 0.00 
(0.12)
 0.21 
(0.21)
 0.42 
KCLSX  0.07  0.01 (0.98)(9.06) 0.00 
(0.12)
 0.21 
(0.10)
 0.42 
KCRIX  0.59 (0.01)(0.07) 0.12  0.75 
(0.74)
 1.42 
(1.36)
 4.26 

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