K2 Alternative Correlations

FASRX Fund  USD 11.49  0.01  0.09%   
The current 90-days correlation between K2 Alternative Strategies and Ab Municipal Bond is 0.02 (i.e., Significant 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 0.66 (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 real.

Moving together with FASRX Mutual Fund

  0.83TEBIX Franklin Mutual BeaconPairCorr
  0.94TEDMX Templeton DevelopingPairCorr
  0.75TEDIX Franklin Mutual GlobalPairCorr
  0.74TEDSX Franklin Mutual GlobalPairCorr
  0.77TEDRX Franklin Mutual GlobalPairCorr
  0.87TEFRX Templeton ForeignPairCorr
  0.85TEFTX Templeton ForeignPairCorr
  0.81TEGBX Templeton Global BondPairCorr
  0.94TEGRX Templeton GrowthPairCorr
  0.86TEMFX Templeton ForeignPairCorr
  0.94TEMGX Templeton Global SmallerPairCorr
  0.82TEMEX Franklin Mutual BeaconPairCorr
  0.7TEMMX Templeton EmergingPairCorr
  0.88TEMIX Franklin Mutual EuropeanPairCorr
  0.94TEMWX Templeton WorldPairCorr
  0.73TEMTX Franklin Mutual SharesPairCorr
  0.85TEMQX Mutual QuestPairCorr
  0.94SAIFX Clearbridge Large CapPairCorr
  0.89SAGYX Clearbridge AggressivePairCorr
  0.7TEMZX Templeton EmergingPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.85TEQIX Franklin Mutual QuestPairCorr
  0.93TEPLX Templeton GrowthPairCorr
  0.95TWDAX Templeton WorldPairCorr
  0.75TESIX Franklin Mutual SharesPairCorr
  0.94TESGX Templeton Global SmallerPairCorr
  0.76TESRX Franklin Mutual SharesPairCorr
  0.89TEURX Franklin Mutual EuropeanPairCorr
  0.77LGIEX Qs International EquityPairCorr
  0.94TEWTX Templeton WorldPairCorr
  0.98SAPYX Clearbridge AppreciationPairCorr
  0.94SASMX Clearbridge Small CapPairCorr
  0.73WAADX Western Asset SmashPairCorr
  0.92WAARX Western Asset TotalPairCorr

Moving against FASRX Mutual Fund

  0.49FQLAX Franklin Louisiana TaxPairCorr
  0.44FQCHX Franklin Templeton SmacsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between FASRX 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.