Kinetics Small Correlations

Mutual Funds . USA . 
Fund . Kinetics Small Cap
KSCYX Fund  USD 187.44  8.44  4.31%   
The current 90-days correlation between Kinetics Small Cap and Ab Bond Inflation is 0.13 (i.e., Average diversification). The correlation of Kinetics Small 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 Small Correlation With Market

Good diversification

The correlation between Kinetics Small Cap and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Small Cap 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 Small Cap. 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

  0.69KGLCX Kinetics GlobalPairCorr
  0.84KGLAX Kinetics GlobalPairCorr
  0.82WWNPX Kinetics Paradigm Downward RallyPairCorr
  0.85WWWEX Kinetics GlobalPairCorr
  0.83KMKCX Kinetics Market OppoPairCorr
  0.83KMKAX Kinetics Market OppoPairCorr
  0.98KMKNX Kinetics Market OppoPairCorr
  0.97KMKYX Kinetics Market OppoPairCorr
  0.82KNPAX Kinetics Paradigm Downward RallyPairCorr
  0.99KNPCX Kinetics Paradigm Downward RallyPairCorr
  1.0KNPYX Kinetics Paradigm Downward RallyPairCorr
  0.99LSHEX Kinetics Spin Off Downward RallyPairCorr
  0.99LSHUX Horizon Spin Off Downward RallyPairCorr
  0.99LSHCX Horizon Spin Off Downward RallyPairCorr
  0.8LSHAX Horizon Spin Off Downward RallyPairCorr
  0.82KSCOX Kinetics Small CapPairCorr
  0.99KSOAX Kinetics Small CapPairCorr
  0.99KSOCX Kinetics Small CapPairCorr

Moving against Kinetics Mutual Fund

  0.37IIF Morgan Stanley IndiaPairCorr

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 Small 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 Small'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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