Kensington Managed Correlations

Mutual Funds . USA . 
Fund . Kensington Managed Income
KAMCX Fund  USD 9.82  0.01  0.10%   
The current 90-days correlation between Kensington Managed Income and Victory Rs Small is 0.53 (i.e., Very weak diversification). The correlation of Kensington Managed 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.

Kensington Managed Correlation With Market

Very weak diversification

The correlation between Kensington Managed Income and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kensington Managed Income 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 Kensington Managed Income. 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 main economic indicators.

Moving together with Kensington Mutual Fund

  0.63SAPEX Spectrum AdvisorsPairCorr
  0.63QMLAX Quantified Market LeadersPairCorr
  0.63QMLFX Quantified Market LeadersPairCorr
  0.84SFHYX Hundredfold SelectPairCorr
  0.79QRDTX Quantified RisingPairCorr
  0.68QALAX Quantified AlternativePairCorr
  0.7QALTX Quantified AlternativePairCorr
  0.69QSPMX Quantified PatternPairCorr
  0.74QCGDX Quantified Common GroundPairCorr
  0.97KAMAX Kensington Managed IncomePairCorr
  0.97KAMIX Kensington Managed IncomePairCorr
  0.7VTSAX Vanguard Total StockPairCorr
  0.7VFIAX Vanguard 500 IndexPairCorr
  0.7VTSMX Vanguard Total StockPairCorr
  0.7VSMPX Vanguard Total StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Kensington Mutual Fund performing well and Kensington Managed 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 Kensington Managed'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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