Kopernik International Correlations

Mutual Funds . USA . 
Fund . Kopernik International Fund
KGIIX Fund  USD 16.79  0.01  0.06%   
The current 90-days correlation between Kopernik International and Qs Growth Fund is -0.17 (i.e., Good diversification). The correlation of Kopernik International 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.

Kopernik International Correlation With Market

Good diversification

The correlation between Kopernik International Fund and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kopernik International Fund 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 Kopernik International Fund. 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 Kopernik Mutual Fund

  1.0KGGIX Kopernik Global AllPairCorr
  0.99KGGAX Kopernik Global AllPairCorr
  1.0KGIRX Kopernik InternationalPairCorr
  0.92DOXFX Dodge Cox InternationalPairCorr
  0.92OANIX Oakmark InternationalPairCorr
  0.91DODFX Dodge International StockPairCorr
  0.92OAKIX Oakmark InternationalPairCorr
  0.92OAYIX Oakmark InternationalPairCorr
  0.92OAZIX Oakmark InternationalPairCorr
  0.9FINVX Fidelity Series IntePairCorr
  0.89VTRIX Vanguard InternationalPairCorr
  0.92RRIGX T Rowe PricePairCorr
  0.79GAAKX Gmo Alternative AlloPairCorr
  0.78GAAGX Gmo Alternative AlloPairCorr
  0.75GPBFX Gmo E PlusPairCorr
  0.93MLOZX Cohen Steers MlpPairCorr
  0.93GGEIX Nationwide Global EquityPairCorr
  0.94UEIPX Ubs Engage ForPairCorr
  0.92JTRBX Jpmorgan SmartretirementPairCorr
  0.88WSCYX Ivy Small CapPairCorr
  0.96EKSRX Wells Fargo DiversifiedPairCorr
  0.96KAMIX Kensington Managed IncomePairCorr
  0.94UPDDX Upright Growth IncomePairCorr
  0.92VITAX Vanguard InformationPairCorr
  0.89WPGTX Wpg Partners SmallmicroPairCorr
  0.91VSPVX Vanguard Sp 500PairCorr
  0.93FSTBX Federated Global AllPairCorr
  0.89CCYIX Columbia Acorn InterPairCorr
  0.7AHLCX American Beacon AhlPairCorr
  0.91LRAGX Lord Abbett InternationalPairCorr
  0.92ANZAX Allianzgi ConvertiblePairCorr
  0.92MXCCX Federated Max CapPairCorr
  0.91BERBX Carillon Chartwell MidPairCorr
  0.94CLSPX Columbia Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Kopernik Mutual Fund performing well and Kopernik International 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 Kopernik International'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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