Kinetics Internet Correlations

Mutual Funds . USA . 
Fund . Kinetics Internet Fund
KINCX Fund  USD 75.68  0.17  0.23%   
The current 90-days correlation between Kinetics Internet and T Rowe Price is 0.47 (i.e., Very weak 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 0.35 (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 main economic indicators.

Moving together with KINETICS Mutual Fund

  0.68KGLCX Kinetics GlobalPairCorr
  1.0WWWFX Kinetics InternetPairCorr
  0.77WWWEX Kinetics GlobalPairCorr
  1.0KINAX Kinetics InternetPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.81VITSX Vanguard Total StockPairCorr
  0.69VFFSX Vanguard 500 IndexPairCorr
  0.79VFIAX Vanguard 500 IndexPairCorr
  0.78VINIX Vanguard InstitutionalPairCorr
  0.81VTSAX Vanguard Total StockPairCorr

Moving against KINETICS Mutual Fund

  0.66GCEPX Goldman Sachs CleanPairCorr
  0.66GCEJX Goldman Sachs CleanPairCorr
  0.65GCEBX Goldman Sachs CleanPairCorr
  0.65GCEGX Goldman Sachs CleanPairCorr
  0.65GCEDX Goldman Sachs CleanPairCorr
  0.65GCEEX Goldman Sachs CleanPairCorr
  0.67USGDX Morgan Stanley GovernmentPairCorr
  0.62HRBDX Harbor Bond FundPairCorr
  0.6BISMX Brandes InternationalPairCorr
  0.59VICSX Vanguard Intermediate-terPairCorr
  0.58ABNOX Ab Bond InflationPairCorr
  0.57EMBAX Unconstrained EmergingPairCorr
  0.56SAEMX Sa Emerging MarketsPairCorr
  0.56ARBOX Absolute ConvertiblePairCorr
  0.52VTISX Vanguard Total InterPairCorr
  0.52VTSNX Vanguard Total InterPairCorr
  0.48GIOIX Guggenheim Macro OppPairCorr
  0.46VTPSX Vanguard Total InterPairCorr
  0.43DLDFX Destinations Low DurationPairCorr
  0.37HTD John Hancock TaxPairCorr

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 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.

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