K2 Alternative Correlations

FSKKX Fund

USD 11.34 0.01 0.09%

The current 90-days correlation between K2 Alternative Strategies and Vy Clarion Real is 0.33 (i.e., Weak 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 0.55 (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 industry.

Moving together with FSKKX Mutual Fund

0.97	BXMYX	Blackstone Alternative	Pair Corr
0.97	BXMIX	Blackstone Alternative	Pair Corr
0.97	BXMDX	Blackstone Alternative	Pair Corr
0.91	GARTX	Goldman Sachs Absolute	Pair Corr
0.97	GCRTX	Goldman Sachs Absolute	Pair Corr
0.9	PDI	Pimco Dynamic Income	Pair Corr
0.97	FTCAX	Templeton Strained Bond	Pair Corr
0.9	TGROX	Tiaa Cref Green	Pair Corr
0.7	PBHAX	Prudential High Yield	Pair Corr
0.66	VWELX	Vanguard Wellington	Pair Corr
0.91	MKVIX	Mfs International Large	Pair Corr
0.68	BGCBX	Baillie Gifford China	Pair Corr
0.95	ACGMX	Invesco Growth And	Pair Corr
0.9	TGRNX	Tiaa Cref Green	Pair Corr
0.97	LPRPX	Blackrock Lifepath	Pair Corr
0.64	FBANJX	Fbanjx	Pair Corr
0.82	FBNDX	Fidelity Investment Grade	Pair Corr
0.91	PIMIX	Pimco Income	Pair Corr
0.9	DODLX	Dodge Global Bond	Pair Corr
0.75	BCSCX	Blackrock Commodity	Pair Corr
0.66	BRCNX	Invesco Balanced Risk	Pair Corr
0.83	INDFX	Invesco International	Pair Corr
0.75	MMVFX	Massmutual Select Small	Pair Corr
0.63	PALLX	Allianzgi Global All	Pair Corr
0.97	POGCX	Putnam Growth Opport	Pair Corr
0.97	FAATX	American Funds 2010	Pair Corr
0.96	RWBEX	Capital World Growth	Pair Corr

Moving against FSKKX Mutual Fund

0.94	USPSX	Profunds Ultrashort	Pair Corr
0.89	USPIX	Profunds Ultrashort	Pair Corr
0.45	BMBCX	Blackrock Alternative	Pair Corr
0.41	BAMBX	Blackrock Alternative	Pair Corr
0.37	BIMBX	Blackrock Alternative	Pair Corr
0.34	BKMBX	Blackrock Systematic	Pair Corr
0.86	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr

Related Correlations Analysis

	IVRSX	NRCFX	TIREX	BREUX	REPIX	CREMX	CREFX
IVRSX		0.42	0.86	-0.02	0.4	-0.02	0.63	IVRSX
NRCFX	0.42		0.52	0.35	0.73	0.47	0.57	NRCFX
TIREX	0.86	0.52		0.39	0.62	0.39	0.92	TIREX
BREUX	-0.02	0.35	0.39		0.58	0.88	0.59	BREUX
REPIX	0.4	0.73	0.62	0.58		0.44	0.65	REPIX
CREMX	-0.02	0.47	0.39	0.88	0.44		0.64	CREMX
CREFX	0.63	0.57	0.92	0.59	0.65	0.64		CREFX
	IVRSX	NRCFX	TIREX	BREUX	REPIX	CREMX	CREFX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CREFX	+ 0.92	TIREX
CREMX	+ 0.88	BREUX
TIREX	+ 0.86	IVRSX
REPIX	+ 0.73	NRCFX
CREFX	+ 0.65	REPIX
CREFX	+ 0.64	CREMX

High negative correlations

CREMX	- 0.02	IVRSX
BREUX	- 0.02	IVRSX

Risk-Adjusted Indicators

There is a big difference between FSKKX 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
IVRSX	0.67	(0.07)	(0.11)	0.01	0.98	(0.65)	1.62	(1.49)	4.47
NRCFX	0.57	0.01	(0.10)	0.24	0.78	(0.59)	1.38	(1.25)	3.61
TIREX	0.63	(0.06)	(0.10)	0.02	0.94	(0.64)	1.57	(1.45)	4.35
BREUX	0.84	0.18	0.06	(2.87)	0.90	(0.93)	1.92	(1.64)	5.83
REPIX	0.95	(0.01)	(0.07)	0.06	1.47	(0.92)	2.43	(2.65)	6.66
CREMX	0.03	0.02	0.00	(2.65)	0.00	0.00	0.08	0.00	0.16
CREFX	0.61	(0.05)	(0.11)	0.02	0.89	(0.61)	1.40	(1.60)	4.29

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