K2 Alternative Correlations

FSKKX Fund

USD 11.42 0.01 0.09%

The current 90-days correlation between K2 Alternative Strategies and L Abbett Growth is -0.38 (i.e., Very 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 good diversification

The correlation between K2 Alternative Strategies and DJI is -0.26 (i.e., Very good 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 board of governors.

Moving together with FSKKX Mutual Fund

0.73	TEDMX	Templeton Developing	Pair Corr
0.78	TEDIX	Franklin Mutual Global	Pair Corr
0.64	TEFRX	Templeton Foreign	Pair Corr
0.92	TEGRX	Templeton Growth	Pair Corr
0.65	TEMGX	Templeton Global Smaller	Pair Corr
0.72	TEMMX	Templeton Emerging	Pair Corr
0.73	SAIFX	Clearbridge Large Cap	Pair Corr
0.89	SAGYX	Clearbridge Aggressive	Pair Corr
0.72	TEMZX	Templeton Emerging	Pair Corr
0.87	TEQIX	Franklin Mutual Quest	Pair Corr
0.65	TESGX	Templeton Global Smaller	Pair Corr
0.89	TEURX	Franklin Mutual European	Pair Corr
0.77	LGIEX	Qs International Equity	Pair Corr
0.95	TEWTX	Templeton World	Pair Corr
0.83	SAPYX	Clearbridge Appreciation	Pair Corr
0.73	SASMX	Clearbridge Small Cap	Pair Corr
0.71	WAARX	Western Asset Total	Pair Corr
0.89	FQTEX	Franklin Strategic Series	Pair Corr
0.96	FQTIX	Franklin Strategic Series	Pair Corr
0.64	WACPX	Western Asset E	Pair Corr
0.89	WABAX	Western Asset E	Pair Corr

Moving against FSKKX Mutual Fund

0.44	FQCHX	Franklin Templeton Smacs	Pair Corr
0.43	FQLAX	Franklin Louisiana Tax	Pair Corr

Related Correlations Analysis

	LGLSX	LCIAX	GMLVX	TFAGX	GCOZX	OWLSX	TMPFX	SMYIX
LGLSX		0.94	0.93	0.96	0.95	0.7	0.96	0.97	LGLSX
LCIAX	0.94		0.95	0.99	0.96	0.74	0.95	0.96	LCIAX
GMLVX	0.93	0.95		0.93	0.98	0.72	0.91	0.96	GMLVX
TFAGX	0.96	0.99	0.93		0.94	0.75	0.97	0.96	TFAGX
GCOZX	0.95	0.96	0.98	0.94		0.71	0.93	0.99	GCOZX
OWLSX	0.7	0.74	0.72	0.75	0.71		0.75	0.74	OWLSX
TMPFX	0.96	0.95	0.91	0.97	0.93	0.75		0.96	TMPFX
SMYIX	0.97	0.96	0.96	0.96	0.99	0.74	0.96		SMYIX
	LGLSX	LCIAX	GMLVX	TFAGX	GCOZX	OWLSX	TMPFX	SMYIX

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
LGLSX	0.77	0.15	0.11	0.33	0.72	(0.86)	1.99	(1.41)	4.96
LCIAX	0.52	0.15	0.02	(0.49)	0.39	(0.58)	1.19	(0.83)	3.68
GMLVX	0.53	0.07	0.04	0.23	0.42	(0.63)	1.24	(1.08)	4.30
TFAGX	0.59	0.18	0.04	(0.44)	0.51	(0.70)	1.25	(1.16)	3.80
GCOZX	0.38	0.03	(0.04)	0.15	0.16	(0.50)	1.12	(0.53)	2.34
OWLSX	0.40	0.06	0.01	0.23	0.12	(0.51)	0.97	(0.55)	2.22
TMPFX	0.03	0.01	0.00	2.06	0.00	0.00	0.10	0.00	0.10
SMYIX	0.48	0.04	0.02	0.17	0.20	(0.57)	1.19	(0.64)	2.62

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