Kennedy Capital Correlations

KGROX Fund

USD 12.50 0.58 4.43%

The current 90-days correlation between Kennedy Capital Small and Kennedy Capital Small is 0.73 (i.e., Poor diversification). The correlation of Kennedy Capital 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.

Kennedy Capital Correlation With Market

Modest diversification

The correlation between Kennedy Capital Small and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kennedy Capital Small 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 Kennedy Capital Small. 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 persons.

Moving together with Kennedy Mutual Fund

0.92	KVALX	Kennedy Capital Small	Pair Corr
0.99	KESGX	Kennedy Capital Esg	Pair Corr
0.91	VSGAX	Vanguard Small Cap	Pair Corr
0.97	VSGIX	Vanguard Small Cap	Pair Corr
0.97	VISGX	Vanguard Small Cap	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.94	VTSAX	Vanguard Total Stock	Pair Corr
0.95	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VTSMX	Vanguard Total Stock	Pair Corr
0.94	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VITSX	Vanguard Total Stock	Pair Corr
0.95	VFINX	Vanguard 500 Index	Pair Corr
0.93	VFFSX	Vanguard 500 Index	Pair Corr
0.96	NQVAX	Nuveen Nwq Multi	Pair Corr
0.98	VRSGX	Virtus Kar Small	Pair Corr
0.97	REUYX	Us Defensive Equity	Pair Corr
0.89	KADIX	Kensington Active	Pair Corr
0.89	ITGIX	Vy T Rowe	Pair Corr
0.84	GWSVX	Gabelli Focus	Pair Corr
0.9	BKPIX	Banks Ultrasector Profund	Pair Corr
0.84	PGFIX	Allianzgi Focused Growth	Pair Corr
0.93	PALDX	Prudential 6040 Allo	Pair Corr
0.94	ABRWX	Americafirst Tactical	Pair Corr
0.94	JUEMX	Jpmorgan Equity	Pair Corr
0.61	JASSX	James Alpha Structured	Pair Corr
0.94	VVICX	Voya Vacs Index	Pair Corr
0.84	FCNTX	Fidelity Contrafund	Pair Corr
0.94	DASPX	Dunham Enhanced Market	Pair Corr
0.95	PRWCX	T Rowe Price	Pair Corr

Moving against Kennedy Mutual Fund

0.58	VGTSX	Vanguard Total Inter	Pair Corr
0.58	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	KVALX	KGROX	VVIAX	VFIAX	TFBRX	VSCIX	REGTX	RICEX	CCLFX	VEXRX
KVALX		0.92	0.89	0.81	0.55	0.93	0.54	0.76	0.71	0.93	KVALX
KGROX	0.92		0.85	0.95	0.67	0.98	0.75	0.87	0.83	0.93	KGROX
VVIAX	0.89	0.85		0.75	0.49	0.83	0.55	0.74	0.59	0.83	VVIAX
VFIAX	0.81	0.95	0.75		0.69	0.95	0.82	0.9	0.93	0.83	VFIAX
TFBRX	0.55	0.67	0.49	0.69		0.69	0.54	0.58	0.71	0.61	TFBRX
VSCIX	0.93	0.98	0.83	0.95	0.69		0.71	0.86	0.89	0.93	VSCIX
REGTX	0.54	0.75	0.55	0.82	0.54	0.71		0.75	0.71	0.55	REGTX
RICEX	0.76	0.87	0.74	0.9	0.58	0.86	0.75		0.79	0.8	RICEX
CCLFX	0.71	0.83	0.59	0.93	0.71	0.89	0.71	0.79		0.77	CCLFX
VEXRX	0.93	0.93	0.83	0.83	0.61	0.93	0.55	0.8	0.77		VEXRX
	KVALX	KGROX	VVIAX	VFIAX	TFBRX	VSCIX	REGTX	RICEX	CCLFX	VEXRX

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Risk-Adjusted Indicators

There is a big difference between Kennedy Mutual Fund performing well and Kennedy Capital 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 Kennedy Capital'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
KVALX	0.91	0.03	0.02	0.11	1.04	(1.09)	2.00	(1.56)	10.75
KGROX	0.95	0.11	0.09	0.29	0.94	(1.11)	2.23	(1.86)	6.94
VVIAX	0.47	0.00	(0.03)	0.03	0.44	(0.59)	1.01	(0.69)	3.45
VFIAX	0.48	0.10	0.13	1.81	0.44	(0.50)	0.97	(0.93)	3.84
TFBRX	0.06	0.00	(0.12)	(0.03)	0.00	(0.12)	0.12	(0.12)	0.46
VSCIX	0.69	0.11	0.13	0.49	0.62	(0.78)	1.62	(1.14)	5.35
REGTX	0.39	0.06	0.08	0.84	0.42	(0.41)	0.70	(0.82)	2.67
RICEX	0.61	(0.02)	(0.02)	(0.02)	1.60	(0.55)	0.96	(0.84)	3.71
CCLFX	0.05	0.03	0.00	(4.62)	0.00	0.00	0.09	0.00	0.19
VEXRX	0.75	(0.01)	(0.01)	0.01	1.06	(0.73)	1.49	(1.29)	5.78

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