Knights Of Correlations

KCSSX Fund

USD 13.05 0.07 0.54%

The current 90-days correlation between Knights Of Umbus and Knights Of Columbus is -0.08 (i.e., Good 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 Umbus and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knights Of Umbus 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 Umbus. 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 state.

Moving together with Knights Mutual Fund

0.62	KCCIX	Knights Of Columbus	Pair Corr
0.91	KCEIX	Knights Of Columbus	Pair Corr
0.97	KCGSX	Knights Of Umbus	Pair Corr
0.95	KCIIX	Kngt Clb Eqy	Pair Corr
0.83	KCLIX	Knights Of Columbus	Pair Corr
0.84	KCLSX	Knights Of Umbus	Pair Corr
1.0	KCSIX	Kngt Clb Sml	Pair Corr
0.96	KCVSX	Knights Of Umbus	Pair Corr
0.98	KCVIX	Kngt Clb Larg	Pair Corr
0.99	KCXIX	Knights Of Columbus	Pair Corr
0.97	VSMAX	Vanguard Small Cap	Pair Corr
0.97	VSCIX	Vanguard Small Cap	Pair Corr
0.97	VSCPX	Vanguard Small Cap	Pair Corr
0.97	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.96	PASVX	T Rowe Price	Pair Corr
1.0	PRVIX	T Rowe Price	Pair Corr
0.96	TRZVX	T Rowe Price	Pair Corr
0.96	PRSVX	T Rowe Price	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTISX	Vanguard Total Inter	Pair Corr
0.97	VTSNX	Vanguard Total Inter	Pair Corr
0.95	VTPSX	Vanguard Total Inter	Pair Corr
0.98	VINIX	Vanguard Institutional	Pair Corr
0.99	VTSAX	Vanguard Total Stock	Pair Corr
0.9	DNP	Dnp Select Income	Pair Corr
0.97	ARLIX	One Choice 2035	Pair Corr
0.99	TBLGX	T Rowe Price	Pair Corr
0.97	AOD	Aberdeen Total Dynamic	Pair Corr
0.98	ACIHX	American Century Growth	Pair Corr
0.93	VICAX	Usa Mutuals Vice	Pair Corr

Related Correlations Analysis

	KCCIX	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLIX	KCLSX	KCRIX
KCCIX		0.71	0.56	0.66	0.38	0.4	0.61	0.91	0.85	0.13	KCCIX
KCCSX	0.71		0.11	0.23	0.54	0.53	0.15	0.61	0.55	0.11	KCCSX
KCEIX	0.56	0.11		0.92	0.39	0.47	0.93	0.73	0.78	0.14	KCEIX
KCGSX	0.66	0.23	0.92		0.49	0.56	0.98	0.86	0.87	0.13	KCGSX
KCGIX	0.38	0.54	0.39	0.49		0.86	0.41	0.55	0.57	0.32	KCGIX
KCISX	0.4	0.53	0.47	0.56	0.86		0.5	0.59	0.6	0.28	KCISX
KCIIX	0.61	0.15	0.93	0.98	0.41	0.5		0.82	0.83	0.12	KCIIX
KCLIX	0.91	0.61	0.73	0.86	0.55	0.59	0.82		0.96	0.16	KCLIX
KCLSX	0.85	0.55	0.78	0.87	0.57	0.6	0.83	0.96		0.16	KCLSX
KCRIX	0.13	0.11	0.14	0.13	0.32	0.28	0.12	0.16	0.16		KCRIX
	KCCIX	KCCSX	KCEIX	KCGSX	KCGIX	KCISX	KCIIX	KCLIX	KCLSX	KCRIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KCCIX	0.22	0.01	(0.54)	0.27	0.18	(0.25)	0.35	(0.35)	1.16
KCCSX	0.22	0.02	(0.54)	(0.56)	0.18	(0.26)	0.46	(0.35)	1.05
KCEIX	0.26	0.02	(0.31)	0.24	0.14	(0.32)	0.67	(0.42)	2.07
KCGSX	0.71	0.18	0.19	0.37	0.25	(0.85)	2.34	(1.13)	4.83
KCGIX	0.61	0.19	0.18	0.52	0.00	(0.73)	1.46	(0.82)	4.85
KCISX	0.40	0.14	(0.06)	(1.19)	0.38	(0.45)	0.96	(1.00)	3.14
KCIIX	0.43	0.12	0.03	0.47	0.20	(0.49)	1.15	(0.92)	3.21
KCLIX	0.08	0.02	(0.98)	(0.74)	0.00	(0.12)	0.21	(0.21)	0.42
KCLSX	0.07	0.01	(1.30)	(6.17)	0.00	(0.12)	0.21	(0.10)	0.42
KCRIX	0.55	(0.02)	(0.14)	0.11	0.71	(0.70)	1.25	(1.25)	4.26

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Knights Of Correlations

Knights Of Correlation With Market

Good diversification

Moving together with Knights Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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