Kansas Tax Correlations

Mutual Funds USA . 
Fund . The Kansas Tax Free
KTXIX Fund  USD 18.43  0.03  0.16%   
The current 90-days correlation between Kansas Tax and The National Tax Free is 0.98 (i.e., Almost no diversification). The correlation of Kansas Tax 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.

Kansas Tax Correlation With Market

Very good diversification

The correlation between The Kansas Tax Free and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Kansas Tax Free 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 The Kansas Tax Free. 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 Kansas Mutual Fund

  0.83CFBNX Bond FundPairCorr
  1.0CFMOX Missouri TaxPairCorr
  1.0CFNLX National TaxPairCorr
  0.84CFSTX Short TermPairCorr
  0.96KYTFX Kentucky Tax FreePairCorr
  0.9UVABX Virginia BondPairCorr
  0.99HULYX Hawaiian Tax FreePairCorr
  0.99HULFX Hawaiian Tax FreePairCorr
  0.99ORTYX Aquila Tax FreePairCorr
  0.9UVAIX Usaa Virginia BondPairCorr
  0.9USVAX Virginia BondPairCorr
  0.99HULAX Hawaiian Tax FreePairCorr

Moving against Kansas Mutual Fund

  0.6SMPIX Semiconductor UltrasectorPairCorr
  0.58SMPSX Semiconductor UltrasectorPairCorr
  0.46LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.46LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.46LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.45CFGRX Growth FundPairCorr
  0.37CFAGX Midcap GrowthPairCorr
  0.34RSNYX Victory Global NaturalPairCorr
  0.33CFMVX Commerce Midcap ValuePairCorr
  0.33ORFFX Aquila Tax FreePairCorr
  0.49MLMAX Global E PortfolioPairCorr
  0.46LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.46WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.46TLCYX Touchstone Large CapPairCorr
  0.46ILESX Fisher InvestmentsPairCorr
  0.43AMEIX Equity GrowthPairCorr
  0.4VFIAX Vanguard 500 IndexPairCorr
  0.4VFINX Vanguard 500 IndexPairCorr
  0.37AMGOX Alger Mid CapPairCorr
  0.34RSNRX Victory Global NaturalPairCorr
  0.34RGNCX Victory Global NaturalPairCorr
  0.34AMGIX Income GrowthPairCorr
  0.33WWLAX Westwood Largecap ValuePairCorr
  0.32SAGAX Ridgeworth InnovativePairCorr
  0.32DFMAX Davidson Multi CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Kansas Mutual Fund performing well and Kansas Tax 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 Kansas Tax'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY