Alps/kotak India Correlations

INFCX Fund  USD 14.59  0.08  0.55%   
The current 90-days correlation between Alpskotak India Growth and Doubleline Emerging Markets is -0.04 (i.e., Good 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.

Alps/kotak India Correlation With Market

Very weak diversification

The correlation between Alpskotak India Growth and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpskotak India Growth and DJI in the same portfolio, assuming nothing else is changed.
  
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 main economic indicators.

Moving together with Alps/kotak Mutual Fund

  0.87INAAX Alpskotak India GrowthPairCorr
  0.87INDAX Alpskotak India GrowthPairCorr
  0.87INDIX Alpskotak India GrowthPairCorr
  0.89INDSX Financial Investors TrustPairCorr
  0.62SMRSX Alpssmith Short DurationPairCorr
  0.88MIDNX Matthews IndiaPairCorr
  0.88MINDX Matthews IndiaPairCorr
  0.86WAINX Wasatch Emerging IndiaPairCorr
  0.9WIINX Wasatch Emerging IndiaPairCorr

Moving against Alps/kotak Mutual Fund

  0.45SMCAX DEUTSCHE MID CAPPairCorr
  0.44SMCVX ALPSSmith Credit OppPairCorr
  0.33SMCHX Alpssmith Total ReturnPairCorr
  0.31SMCRX ALPSSmith Credit OppPairCorr
  0.48SMCCX DEUTSCHE MID CAPPairCorr
  0.34ALCBX ALPSSmith BalancedPairCorr
  0.34ALPBX ALPSSmith BalancedPairCorr
  0.32ALIBX ALPSSmith BalancedPairCorr
  0.31SMPSX Semiconductor Ultrasector Steady GrowthPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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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.