Kinetics Global Correlations

Mutual Funds . USA . 
Fund . Kinetics Global Fund
KGLAX Fund   16.68  0.39  2.39%   
The current 90-days correlation between Kinetics Global and Cmg Ultra Short is -0.04 (i.e., Good diversification). The correlation of Kinetics Global 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.

Kinetics Global Correlation With Market

Weak diversification

The correlation between Kinetics Global Fund and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Global Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinetics Global Fund. 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 nation.

Moving together with Kinetics Mutual Fund

  1.0KGLCX Kinetics GlobalPairCorr
  0.85WWNPX Kinetics Paradigm Downward RallyPairCorr
  0.8WWWFX Kinetics InternetPairCorr
  1.0WWWEX Kinetics GlobalPairCorr
  0.78KINCX Kinetics InternetPairCorr
  0.89KMKCX Kinetics Market OppoPairCorr
  0.88KMKAX Kinetics Market OppoPairCorr
  0.88KMKNX Kinetics Market OppoPairCorr
  0.88KMKYX Kinetics Market OppoPairCorr
  0.85KNPAX Kinetics ParadigmPairCorr
  0.86KNPCX Kinetics ParadigmPairCorr
  0.85KNPYX Kinetics ParadigmPairCorr
  0.76LSHEX Kinetics Spin OffPairCorr
  0.76LSHUX Horizon Spin Off Downward RallyPairCorr
  0.77LSHCX Horizon Spin OffPairCorr
  0.76LSHAX Horizon Spin Off Downward RallyPairCorr
  0.84KSCYX Kinetics Small CapPairCorr
  0.84KSCOX Kinetics Small CapPairCorr
  0.84KSOAX Kinetics Small CapPairCorr
  0.84KSOCX Kinetics Small CapPairCorr
  0.73FBONX American Funds AmericanPairCorr
  0.73FBAFX American Funds AmericanPairCorr
  0.73ABALX American BalancedPairCorr
  0.72BALCX American BalancedPairCorr
  0.79BALFX American BalancedPairCorr
  0.72RLBCX American BalancedPairCorr
  0.72RLBBX American BalancedPairCorr
  0.73CLBAX American BalancedPairCorr
  0.72CLBEX American BalancedPairCorr
  0.73RLBFX American BalancedPairCorr
  0.73CII Blackrock EnhancedPairCorr
  0.61ETV Eaton Vance TaxPairCorr
  0.68CLM Cornerstone StrategicPairCorr
  0.74USA Liberty All StarPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Global 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 Kinetics Global'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY