Kinetics Market Correlations

Mutual Funds . USA . 
Fund . Kinetics Market Opportunities
KMKYX Fund  USD 86.65  0.61  0.70%   
The current 90-days correlation between Kinetics Market Oppo and Kinetics Market Opportunities is 1.0 (i.e., No risk reduction). 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 manufacturing.

Moving together with Kinetics Mutual Fund

  0.78KGLCX Kinetics GlobalPairCorr
  0.9KGLAX Kinetics GlobalPairCorr
  0.86WWNPX Kinetics ParadigmPairCorr
  0.9WWWEX Kinetics GlobalPairCorr
  1.0KMKCX Kinetics Market OppoPairCorr
  1.0KMKAX Kinetics Market OppoPairCorr
  1.0KMKNX Kinetics Market OppoPairCorr
  0.99KNPAX Kinetics ParadigmPairCorr
  0.98KNPCX Kinetics ParadigmPairCorr
  0.99KNPYX Kinetics ParadigmPairCorr
  0.96LSHEX Kinetics Spin OffPairCorr
  0.96LSHUX Horizon Spin OffPairCorr
  0.95LSHCX Horizon Spin OffPairCorr
  0.96LSHAX Horizon Spin OffPairCorr
  0.99KSCYX Kinetics Small CapPairCorr
  0.98KSCOX Kinetics Small CapPairCorr
  0.98KSOAX Kinetics Small CapPairCorr
  0.98KSOCX Kinetics Small CapPairCorr

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 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.

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