Kngt Clb Correlations

Mutual Funds . USA . 
Fund . Kngt Clb Eqy
KCIIX Fund  USD 14.28  0.03  0.21%   
The current 90-days correlation between Kngt Clb Eqy and California Municipal Portfolio is 0.09 (i.e., Significant diversification). The correlation of Kngt Clb 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.

Kngt Clb Correlation With Market

Poor diversification

The correlation between Kngt Clb Eqy and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kngt Clb Eqy 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 Kngt Clb Eqy. 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 Kngt Mutual Fund

  0.61KCCIX Knights Of ColumbusPairCorr
  0.94KCEIX Knights Of ColumbusPairCorr
  0.97KCGSX Knights Of UmbusPairCorr
  1.0KCISX Knights Of UmbusPairCorr
  0.83KCLIX Knights Of ColumbusPairCorr
  0.82KCLSX Knights Of UmbusPairCorr
  0.96KCSIX Kngt Clb SmlPairCorr
  0.96KCSSX Knights Of UmbusPairCorr
  0.97KCVSX Knights Of UmbusPairCorr
  0.97KCVIX Kngt Clb LargPairCorr
  0.97KCXIX Knights Of ColumbusPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.99VTMGX Vanguard DevelopedPairCorr
  0.99VDVIX Vanguard DevelopedPairCorr
  0.99VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.99FSPSX Fidelity InternationalPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.97TILHX Tiaa Cref LargePairCorr
  0.97TAAIX Thrivent AggressivePairCorr
  0.97MPBAX Global StrategistPairCorr
  0.96MSFEX Frontier Markets PorPairCorr
  0.91SKSIX Amg Managers SkylinePairCorr
  0.99MKVHX Mfs Series TrustPairCorr
  0.97CIPTX Advisors Inner CirclePairCorr
  0.92MUHLX Muhlenkamp Fund InstPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Kngt Mutual Fund performing well and Kngt Clb 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 Kngt Clb'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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