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.
Kngt |
Moving together with Kngt Mutual Fund
0.98 | VVIAX | Vanguard Value Index | PairCorr |
0.99 | DOXGX | Dodge Cox Stock | PairCorr |
0.98 | AFMFX | American Mutual | PairCorr |
0.98 | FFMMX | American Funds American | PairCorr |
0.98 | FFFMX | American Funds American | PairCorr |
0.98 | AMRMX | American Mutual | PairCorr |
0.98 | AMFFX | American Mutual | PairCorr |
0.98 | AMFCX | American Mutual | PairCorr |
0.99 | DODGX | Dodge Stock Fund | PairCorr |
0.98 | VIVAX | Vanguard Value Index | PairCorr |
0.93 | ERH | Allspring Utilities And | PairCorr |
0.93 | WHIYX | Ivy High Income | PairCorr |
0.93 | IVHIX | Ivy High Income | PairCorr |
0.93 | IHIFX | Ivy High Income | PairCorr |
0.92 | WRHIX | Ivy High Income | PairCorr |
0.93 | WHIAX | Ivy High Income | PairCorr |
0.76 | CSJZX | Cohen Steers Realty | PairCorr |
0.76 | CSRSX | Cohen Steers Realty | PairCorr |
0.73 | IBM | International Business | PairCorr |
0.61 | AA | Alcoa Corp | PairCorr |
0.61 | DIS | Walt Disney | PairCorr |
0.67 | CSCO | Cisco Systems | PairCorr |
0.66 | CVX | Chevron Corp | PairCorr |
Related Correlations Analysis
0.93 | 0.56 | 0.98 | 0.91 | 0.95 | FGDIX | ||
0.93 | 0.42 | 0.94 | 0.75 | 0.91 | UIPMX | ||
0.56 | 0.42 | 0.46 | 0.77 | 0.56 | GCSIX | ||
0.98 | 0.94 | 0.46 | 0.84 | 0.96 | USAGX | ||
0.91 | 0.75 | 0.77 | 0.84 | 0.88 | UNWPX | ||
0.95 | 0.91 | 0.56 | 0.96 | 0.88 | SGDIX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FGDIX | 1.56 | 0.36 | (0.02) | (0.16) | 2.08 | 3.17 | 12.28 | |||
UIPMX | 1.56 | 0.30 | (0.06) | (0.07) | 2.18 | 3.26 | 11.90 | |||
GCSIX | 0.85 | 0.07 | 0.04 | 0.28 | 0.77 | 2.13 | 6.41 | |||
USAGX | 1.53 | 0.33 | (0.03) | (0.16) | 2.09 | 3.27 | 11.93 | |||
UNWPX | 1.22 | 0.37 | 0.05 | (0.58) | 1.09 | 2.72 | 7.43 | |||
SGDIX | 1.35 | 0.37 | 0.00 | (0.23) | 1.86 | 2.96 | 11.33 |