Knights Of Correlations

Mutual Funds USA . 
Fund . Knights Of Columbus
KCLIX Fund  USD 9.73  0.01  0.10%   
The current 90-days correlation between Knights Of Columbus and Knights Of Columbus is 0.68 (i.e., Poor 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

Good diversification

The correlation between Knights Of Columbus and DJI is -0.19 (i.e., Good 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

  0.9KCCIX Knights Of ColumbusPairCorr
  0.89KCCSX Knights Of UmbusPairCorr
  0.77KCEIX Knights Of ColumbusPairCorr
  0.87KCGSX Knights Of UmbusPairCorr
  0.87KCGIX Kngt Clb LargPairCorr
  0.83KCISX Knights Of UmbusPairCorr
  0.83KCIIX Kngt Clb EqyPairCorr
  0.99KCLSX Knights Of UmbusPairCorr
  0.84KCSIX Kngt Clb SmlPairCorr
  0.84KCSSX Knights Of UmbusPairCorr
  0.88KCVSX Knights Of UmbusPairCorr
  0.88KCVIX Kngt Clb LargPairCorr
  0.87KCXIX Knights Of ColumbusPairCorr
  0.87VBIRX Vanguard Short TermPairCorr
  0.88VFSUX Vanguard Short TermPairCorr
  0.98VFSIX Vanguard Short TermPairCorr
  0.98VFSTX Vanguard Short TermPairCorr
  0.94VBITX Vanguard Short TermPairCorr
  0.95VBISX Vanguard Short TermPairCorr
  0.93LALDX Lord Abbett ShortPairCorr
  0.99VSCSX Vanguard Short TermPairCorr
  0.96LDLAX Lord Abbett ShortPairCorr
  0.95LDLRX Lord Abbett ShortPairCorr
  0.77GAAKX Gmo Alternative AlloPairCorr
  0.76GAAGX Gmo Alternative AlloPairCorr
  0.89GPBFX Gmo E PlusPairCorr
  0.8UMPIX Ultramid Cap ProfundPairCorr
  0.88FEQIX Fidelity Equity IncomePairCorr
  0.86SCCMX Sterling Capital PoratePairCorr
  0.83XASGX Liberty All StarPairCorr
  0.8PWJCX Prudential JennisonPairCorr
  0.88FADAX Fidelity Advisor DividendPairCorr
  0.93RPIDX T Rowe PricePairCorr

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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