K2 Alternative Correlations

FABZX Fund

USD 11.46 0.01 0.09%

The current 90-days correlation between K2 Alternative Strategies and Tax Free Conservative Income is -0.09 (i.e., Good diversification). The correlation of K2 Alternative 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.

K2 Alternative Correlation With Market

Poor diversification

The correlation between K2 Alternative Strategies and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding K2 Alternative Strategies and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in K2 Alternative Strategies. 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 nation.

Moving together with FABZX Mutual Fund

0.73	TEBIX	Franklin Mutual Beacon	Pair Corr
0.86	TEDMX	Templeton Developing	Pair Corr
0.63	TEDIX	Franklin Mutual Global	Pair Corr
0.62	TEDSX	Franklin Mutual Global	Pair Corr
0.73	TEDRX	Franklin Mutual Global	Pair Corr
0.86	TEFRX	Templeton Foreign	Pair Corr
0.78	TEFTX	Templeton Foreign	Pair Corr
0.79	TEGBX	Templeton Global Bond	Pair Corr
0.95	TEGRX	Templeton Growth	Pair Corr
0.79	TEMFX	Templeton Foreign	Pair Corr
0.83	TEMGX	Templeton Global Smaller	Pair Corr
0.72	TEMEX	Franklin Mutual Beacon	Pair Corr
0.72	TEMMX	Templeton Emerging	Pair Corr
0.76	TEMIX	Franklin Mutual European	Pair Corr
0.69	TEMWX	Templeton World	Pair Corr
0.75	TEMQX	Mutual Quest	Pair Corr
0.83	SAIFX	Clearbridge Large Cap	Pair Corr
0.9	SAGYX	Clearbridge Aggressive	Pair Corr
0.72	TEMZX	Templeton Emerging	Pair Corr
0.94	FQEMX	Franklin Templeton Smacs	Pair Corr
0.76	TEQIX	Franklin Mutual Quest	Pair Corr
0.86	TEPLX	Templeton Growth	Pair Corr
0.69	TWDAX	Templeton World	Pair Corr
0.67	TESIX	Franklin Mutual Shares	Pair Corr
0.93	TESGX	Templeton Global Smaller	Pair Corr
0.66	TESRX	Franklin Mutual Shares	Pair Corr
0.69	TEWTX	Templeton World	Pair Corr
0.89	SAPYX	Clearbridge Appreciation	Pair Corr
0.82	SASMX	Clearbridge Small Cap	Pair Corr
0.86	WAARX	Western Asset Total	Pair Corr

Moving against FABZX Mutual Fund

0.46

FQLAX

Franklin Louisiana Tax

Pair Corr

Related Correlations Analysis

	TFCAX	CAARX	FHCOX	GPICX	BICPX	PGBAX	SRDAX
TFCAX		0.92	0.98	0.88	0.94	0.93	0.86	TFCAX
CAARX	0.92		0.91	0.87	0.99	0.98	0.75	CAARX
FHCOX	0.98	0.91		0.87	0.95	0.94	0.84	FHCOX
GPICX	0.88	0.87	0.87		0.89	0.9	0.75	GPICX
BICPX	0.94	0.99	0.95	0.89		0.99	0.81	BICPX
PGBAX	0.93	0.98	0.94	0.9	0.99		0.79	PGBAX
SRDAX	0.86	0.75	0.84	0.75	0.81	0.79		SRDAX
	TFCAX	CAARX	FHCOX	GPICX	BICPX	PGBAX	SRDAX

Risk-Adjusted Indicators

There is a big difference between FABZX Mutual Fund performing well and K2 Alternative 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 K2 Alternative'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFCAX	0.02	0.00	0.00	(0.13)	0.00	0.10	0.00	0.20
CAARX	0.22	0.07	(0.05)	(8.16)	(0.25)	0.50	(0.49)	1.61
FHCOX	0.05	0.00	0.00	0.00	0.00	0.10	0.00	0.51
GPICX	0.04	0.01	0.00	0.61	0.00	0.10	0.00	0.21
BICPX	0.18	0.07	(0.06)	(13.55)	(0.26)	0.44	(0.35)	1.24
PGBAX	0.12	0.03	(0.28)	1.59	(0.17)	0.34	(0.25)	0.68
SRDAX	0.13	0.04	(0.16)	(1.30)	(0.17)	0.29	(0.20)	0.88

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