Kinetics Internet Correlations

KINAX Fund

USD 92.13 1.02 1.10%

The current 90-days correlation between Kinetics Internet and Large Cap Fund is 0.24 (i.e., Modest diversification). The correlation of Kinetics Internet 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 Internet Correlation With Market

Weak diversification

The correlation between Kinetics Internet Fund and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Internet 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 Internet 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

0.81	BCSSX	Brown Capital	Pair Corr
0.81	BCSIX	Brown Capital	Pair Corr
0.66	BCSFX	Brown Capital	Pair Corr
1.0	WWWFX	Kinetics Internet	Pair Corr
1.0	KINCX	Kinetics Internet	Pair Corr
0.87	ASG	Liberty All Star	Pair Corr
0.77	CII	Blackrock Enhanced	Pair Corr
0.73	ETV	Eaton Vance Tax	Pair Corr
0.78	CLM	Cornerstone Strategic	Pair Corr
0.78	CRF	Cornerstone Strategic	Pair Corr
0.8	USA	Liberty All Star	Pair Corr
0.63	ETY	Eaton Vance Tax	Pair Corr
0.73	NFJ	Virtus Dividend Interest	Pair Corr

Moving against Kinetics Mutual Fund

0.68	GCEBX	Goldman Sachs Clean	Pair Corr
0.68	GCEGX	Goldman Sachs Clean	Pair Corr
0.68	GCEPX	Goldman Sachs Clean	Pair Corr
0.68	GCEDX	Goldman Sachs Clean	Pair Corr
0.68	GCEEX	Goldman Sachs Clean	Pair Corr
0.68	GCEJX	Goldman Sachs Clean	Pair Corr
0.68	BGVAX	Sterling Capital Int	Pair Corr
0.67	FAEDX	Faedx	Pair Corr
0.66	ABNDX	Bond Fund	Pair Corr
0.63	DGQIX	Americafirst Defensive	Pair Corr
0.47	MAICX	Victory Trivalent	Pair Corr
0.44	PDSQX	Prudential Short Duration	Pair Corr
0.36	DABMX	Dreyfus Yield Enhancement	Pair Corr
0.33	DABLX	Dreyfus Yield Enhancement	Pair Corr
0.68	FUAMX	Fidelity Intermediate	Pair Corr
0.62	PIFAX	Pace Intermediate Fixed	Pair Corr

Related Correlations Analysis

	FMIQX	PCPAX	TRCPX	AMFFX	ANVIX	PAFDX	PAVLX
FMIQX		0.08	0.31	0.43	0.48	0.12	0.15	FMIQX
PCPAX	0.08		0.81	0.76	0.55	0.98	0.97	PCPAX
TRCPX	0.31	0.81		0.94	0.77	0.86	0.89	TRCPX
AMFFX	0.43	0.76	0.94		0.68	0.78	0.81	AMFFX
ANVIX	0.48	0.55	0.77	0.68		0.68	0.68	ANVIX
PAFDX	0.12	0.98	0.86	0.78	0.68		0.99	PAFDX
PAVLX	0.15	0.97	0.89	0.81	0.68	0.99		PAVLX
	FMIQX	PCPAX	TRCPX	AMFFX	ANVIX	PAFDX	PAVLX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Internet 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 Internet'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
FMIQX	0.86	(0.20)	0.00	(0.26)	0.00	0.00	1.20	(1.51)	10.22
PCPAX	0.61	0.05	0.06	0.07	0.72	(0.69)	1.23	(1.32)	3.20
TRCPX	0.67	0.01	0.01	(0.07)	0.86	(0.71)	1.27	(1.53)	3.55
AMFFX	0.64	(0.06)	0.00	0.30	0.00	0.00	1.09	(1.46)	4.69
ANVIX	0.71	(0.06)	0.00	(0.08)	0.00	0.00	1.22	(1.63)	3.29
PAFDX	0.62	0.04	0.05	0.06	0.74	(0.67)	1.23	(1.15)	3.38
PAVLX	0.62	0.04	0.05	0.06	0.72	(0.72)	1.30	(1.16)	3.20

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