Kngt Clb Correlations

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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. 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

  0.98VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.98VIVAX Vanguard Value IndexPairCorr
  0.93ERH Allspring Utilities AndPairCorr
  0.93WHIYX Ivy High IncomePairCorr
  0.93IVHIX Ivy High IncomePairCorr
  0.93IHIFX Ivy High IncomePairCorr
  0.92WRHIX Ivy High IncomePairCorr
  0.93WHIAX Ivy High IncomePairCorr
  0.76CSJZX Cohen Steers RealtyPairCorr
  0.76CSRSX Cohen Steers RealtyPairCorr
  0.73IBM International BusinessPairCorr
  0.61AA Alcoa CorpPairCorr
  0.61DIS Walt DisneyPairCorr
  0.67CSCO Cisco SystemsPairCorr
  0.66CVX Chevron CorpPairCorr

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.