Kinetics Market Correlations

KMKAX Fund

USD 83.58 0.59 0.70%

The current 90-days correlation between Kinetics Market Oppo and American Funds Conservative is 0.49 (i.e., Very weak diversification). The correlation of Kinetics Market 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 Market Correlation With Market

Very weak diversification

The correlation between Kinetics Market Opportunities and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Market Opportunities 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 Market Opportunities. 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

0.78	KGLCX	Kinetics Global	Pair Corr
0.9	KGLAX	Kinetics Global	Pair Corr
0.86	WWNPX	Kinetics Paradigm	Pair Corr
0.9	WWWEX	Kinetics Global	Pair Corr
1.0	KMKCX	Kinetics Market Oppo	Pair Corr
1.0	KMKNX	Kinetics Market Oppo	Pair Corr
1.0	KMKYX	Kinetics Market Oppo	Pair Corr
0.99	KNPAX	Kinetics Paradigm	Pair Corr
0.98	KNPCX	Kinetics Paradigm	Pair Corr
0.99	KNPYX	Kinetics Paradigm	Pair Corr
0.96	LSHEX	Kinetics Spin Off	Pair Corr
0.96	LSHUX	Horizon Spin Off	Pair Corr
0.95	LSHCX	Horizon Spin Off	Pair Corr
0.96	LSHAX	Horizon Spin Off	Pair Corr
0.98	KSCYX	Kinetics Small Cap	Pair Corr
0.98	KSCOX	Kinetics Small Cap	Pair Corr
0.98	KSOAX	Kinetics Small Cap	Pair Corr
0.98	KSOCX	Kinetics Small Cap	Pair Corr

Related Correlations Analysis

	FPTPX	ACBPX	MBLAX	TFCAX	EIIMX	TIICX	FZABX	PGFCX
FPTPX		0.74	0.88	0.63	0.75	0.87	0.87	0.91	FPTPX
ACBPX	0.74		0.62	0.88	0.96	0.65	0.83	0.73	ACBPX
MBLAX	0.88	0.62		0.5	0.61	0.88	0.75	0.86	MBLAX
TFCAX	0.63	0.88	0.5		0.87	0.6	0.85	0.65	TFCAX
EIIMX	0.75	0.96	0.61	0.87		0.68	0.89	0.71	EIIMX
TIICX	0.87	0.65	0.88	0.6	0.68		0.83	0.96	TIICX
FZABX	0.87	0.83	0.75	0.85	0.89	0.83		0.83	FZABX
PGFCX	0.91	0.73	0.86	0.65	0.71	0.96	0.83		PGFCX
	FPTPX	ACBPX	MBLAX	TFCAX	EIIMX	TIICX	FZABX	PGFCX

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Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Market 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 Market'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
FPTPX	0.34	0.02	0.07	0.03	0.46	(0.38)	0.67	(0.73)	2.10
ACBPX	0.24	0.02	0.17	0.43	0.17	(0.30)	0.56	(0.44)	1.23
MBLAX	0.25	0.03	0.13	0.06	0.22	(0.30)	0.62	(0.47)	1.51
TFCAX	0.02	0.00	0.00	0.10	0.00	0.00	0.10	0.00	0.40
EIIMX	0.29	0.05	0.19	0.65	0.19	(0.38)	0.63	(0.47)	1.91
TIICX	0.36	0.02	0.12	(0.30)	0.32	(0.46)	0.78	(0.58)	1.57
FZABX	0.72	0.12	0.12	0.14	0.93	(0.70)	1.45	(1.37)	6.16
PGFCX	0.28	0.01	0.11	(0.15)	0.27	(0.34)	0.67	(0.48)	1.75

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Kinetics Market Correlations

Kinetics Market Correlation With Market

Very weak diversification

Moving together with Kinetics Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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