Kinetics Internet Correlations

KINAX Fund

USD 78.08 0.29 0.37%

The current 90-days correlation between Kinetics Internet and The Brown Capital is 0.26 (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

Good diversification

The correlation between Kinetics Internet Fund and DJI is -0.17 (i.e., Good 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

0.69	BCIIX	Brown Capital	Pair Corr
0.69	BCISX	Brown Capital	Pair Corr
0.9	WWWFX	Kinetics Internet	Pair Corr
0.91	KINCX	Kinetics Internet	Pair Corr

Moving against Kinetics Mutual Fund

0.51	FFIAX	Fpa Flexible Fixed	Pair Corr
0.32	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.32	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.32	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.32	SPMJX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	BCIIX	BCISX	BCSVX	BCSSX	BCSIX	BCSFX
BCIIX		1.0	0.72	0.02	0.01	0.72	BCIIX
BCISX	1.0		0.71	0.01	0.01	0.71	BCISX
BCSVX	0.72	0.71		0.52	0.52	1.0	BCSVX
BCSSX	0.02	0.01	0.52		1.0	0.52	BCSSX
BCSIX	0.01	0.01	0.52	1.0		0.51	BCSIX
BCSFX	0.72	0.71	1.0	0.52	0.51		BCSFX
	BCIIX	BCISX	BCSVX	BCSSX	BCSIX	BCSFX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BCIIX	0.80	(0.19)	(0.16)	1.47	(2.25)	4.63
BCISX	0.81	(0.19)	(0.16)	1.51	(2.21)	4.64
BCSVX	0.75	(0.24)	(0.38)	1.18	(1.93)	4.79
BCSSX	2.02	(1.10)	(0.51)	1.88	(3.06)	51.91
BCSIX	2.09	(1.15)	(0.52)	1.91	(3.03)	55.13
BCSFX	0.74	(0.24)	(0.38)	1.19	(1.95)	4.79

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