K2 Alternative Correlations

FABZX Fund

USD 11.39 0.02 0.18%

The current 90-days correlation between K2 Alternative Strategies and Franklin Mutual Beacon is -0.07 (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

Very weak diversification

The correlation between K2 Alternative Strategies and DJI is 0.46 (i.e., Very weak 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

0.84	TEBIX	Franklin Mutual Beacon	Pair Corr
0.88	TEDMX	Templeton Developing	Pair Corr
0.95	TEDSX	Franklin Mutual Global	Pair Corr
0.95	TEDRX	Franklin Mutual Global	Pair Corr
0.96	TEFRX	Templeton Foreign	Pair Corr
0.83	TEFTX	Templeton Foreign	Pair Corr
0.8	TEGBX	Templeton Global Bond	Pair Corr
0.99	TEGRX	Templeton Growth	Pair Corr
0.86	TEMFX	Templeton Foreign	Pair Corr
0.85	TEMGX	Templeton Global Smaller	Pair Corr
0.96	TEMEX	Franklin Mutual Beacon	Pair Corr
0.81	TEMIX	Franklin Mutual European	Pair Corr
0.98	TEMWX	Templeton World	Pair Corr
0.96	TEMTX	Franklin Mutual Shares	Pair Corr
0.97	TEMQX	Mutual Quest	Pair Corr
0.95	SAIFX	Clearbridge Large Cap	Pair Corr
0.96	SAGYX	Clearbridge Aggressive	Pair Corr
0.97	TEMZX	Templeton Emerging	Pair Corr
0.87	FQEMX	Franklin Templeton Smacs	Pair Corr
0.97	TEQIX	Franklin Mutual Quest	Pair Corr
0.99	TEPLX	Templeton Growth	Pair Corr
0.89	TWDAX	Templeton World	Pair Corr
0.85	TESIX	Franklin Mutual Shares	Pair Corr
0.94	TESGX	Templeton Global Smaller	Pair Corr
0.96	TESRX	Franklin Mutual Shares	Pair Corr
0.78	LGGAX	Clearbridge International	Pair Corr
0.95	TEURX	Franklin Mutual European	Pair Corr
0.91	LGIEX	Qs International Equity	Pair Corr
0.89	TEWTX	Templeton World	Pair Corr
0.87	SAPYX	Clearbridge Appreciation	Pair Corr
0.85	SASMX	Clearbridge Small Cap	Pair Corr
0.87	WAADX	Western Asset Smash	Pair Corr
0.76	WAARX	Western Asset Total	Pair Corr

Moving against FABZX Mutual Fund

0.35	FQCHX	Franklin Templeton Smacs	Pair Corr
0.51	FQMDX	Franklin Maryland Tax	Pair Corr

Related Correlations Analysis

	TEBIX	TEDMX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	FHAIX	TEGRX
TEBIX		0.95	0.83	0.83	0.85	0.98	0.88	0.84	0.85	TEBIX
TEDMX	0.95		0.84	0.84	0.87	0.96	0.87	0.88	0.87	TEDMX
TEDSX	0.83	0.84		1.0	0.98	0.8	0.77	0.95	0.97	TEDSX
TEDRX	0.83	0.84	1.0		0.98	0.81	0.78	0.96	0.97	TEDRX
TEFRX	0.85	0.87	0.98	0.98		0.84	0.75	0.95	0.98	TEFRX
TEFTX	0.98	0.96	0.8	0.81	0.84		0.85	0.82	0.83	TEFTX
TEGBX	0.88	0.87	0.77	0.78	0.75	0.85		0.81	0.79	TEGBX
FHAIX	0.84	0.88	0.95	0.96	0.95	0.82	0.81		0.97	FHAIX
TEGRX	0.85	0.87	0.97	0.97	0.98	0.83	0.79	0.97		TEGRX
	TEBIX	TEDMX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	FHAIX	TEGRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TEBIX	0.55	0.19	(0.06)	44.75	0.39	(0.63)	1.43	(1.12)	3.58
TEDMX	0.53	0.27	0.03	(3.92)	0.00	(0.68)	1.42	(0.77)	4.48
TEDSX	0.50	(0.02)	(0.10)	0.20	0.46	(0.53)	1.15	(1.32)	3.25
TEDRX	0.51	0.01	(0.11)	0.26	0.49	(0.54)	1.14	(1.33)	3.24
TEFRX	0.64	0.06	(0.06)	0.34	0.51	(0.78)	1.57	(1.39)	4.25
TEFTX	0.63	0.20	(0.04)	32.90	0.52	(0.79)	1.63	(1.35)	4.24
TEGBX	0.33	0.05	(0.38)	0.85	0.24	(0.42)	0.71	(0.43)	2.11
FHAIX	0.18	0.01	0.00	0.30	0.00	0.00	0.58	(0.56)	1.75
TEGRX	0.47	0.11	0.00	0.44	0.00	(0.54)	1.28	(0.75)	3.28

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

2025 Macroaxis LLC