Alps/kotak India Correlations

INDIX Fund

USD 17.92 0.13 0.73%

The current 90-days correlation between Alpskotak India Growth and Global Diversified Income is 0.04 (i.e., Significant diversification). The correlation of Alps/kotak India 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Alpskotak India Growth. 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 gross domestic product.

Moving together with Alps/kotak Mutual Fund

0.84	INAAX	Alpskotak India Growth	Pair Corr
0.83	INFCX	Alpskotak India Growth	Pair Corr
1.0	INDAX	Alpskotak India Growth	Pair Corr
1.0	INDSX	Financial Investors Trust	Pair Corr
0.7	MIDNX	Matthews India	Pair Corr
0.7	MINDX	Matthews India	Pair Corr
0.74	WAINX	Wasatch Emerging India	Pair Corr
0.87	WIINX	Wasatch Emerging India	Pair Corr
0.77	ECGIX	Eaton Vance Greater	Pair Corr
0.76	ETGIX	Eaton Vance Greater	Pair Corr
0.9	EGIIX	Eaton Vance Greater	Pair Corr

Related Correlations Analysis

	PGBAX	XACVX	FARIX	JPDVX	SRDAX	DLTZX	PRSVX	SMPIX
PGBAX		0.9	0.92	0.89	0.85	0.86	0.78	0.7	PGBAX
XACVX	0.9		0.95	0.96	0.85	0.88	0.66	0.87	XACVX
FARIX	0.92	0.95		0.91	0.85	0.89	0.72	0.84	FARIX
JPDVX	0.89	0.96	0.91		0.79	0.81	0.68	0.87	JPDVX
SRDAX	0.85	0.85	0.85	0.79		0.77	0.69	0.61	SRDAX
DLTZX	0.86	0.88	0.89	0.81	0.77		0.74	0.71	DLTZX
PRSVX	0.78	0.66	0.72	0.68	0.69	0.74		0.47	PRSVX
SMPIX	0.7	0.87	0.84	0.87	0.61	0.71	0.47		SMPIX
	PGBAX	XACVX	FARIX	JPDVX	SRDAX	DLTZX	PRSVX	SMPIX

Risk-Adjusted Indicators

There is a big difference between Alps/kotak Mutual Fund performing well and Alps/kotak India 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 Alps/kotak India'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
PGBAX	0.13	0.02	(0.67)	(4.80)	0.00	(0.18)	0.25	(0.17)	0.84
XACVX	0.71	0.15	0.01	(0.70)	0.81	(0.75)	1.33	(1.34)	4.48
FARIX	0.30	0.04	(0.12)	0.29	0.24	(0.37)	0.61	(0.71)	2.09
JPDVX	0.32	0.06	(0.16)	(1.18)	0.30	(0.34)	0.76	(0.64)	2.68
SRDAX	0.13	0.03	(0.40)	(0.45)	0.00	(0.18)	0.29	(0.29)	0.85
DLTZX	0.08	0.01	(0.75)	0.32	0.00	(0.17)	0.13	(0.13)	0.63
PRSVX	0.75	(0.04)	0.01	0.10	0.70	(0.89)	1.79	(1.16)	6.39
SMPIX	2.09	0.07	0.05	0.16	2.78	(2.05)	4.70	(4.88)	14.79

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Alps/kotak India Correlations

Moving together with Alps/kotak Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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