Kinetics Internet Correlations

KINCX Fund

USD 85.16 2.84 3.45%

The current 90-days correlation between Kinetics Internet and Icon Information Technology is 0.18 (i.e., Average 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 -0.06 (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 main economic indicators.

Moving together with Kinetics Mutual Fund

0.99	KGLCX	Kinetics Global	Pair Corr
0.99	KGLAX	Kinetics Global	Pair Corr
0.97	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.99	WWWFX	Kinetics Internet Steady Growth	Pair Corr
0.99	WWWEX	Kinetics Global	Pair Corr
0.89	KMDNX	Kinetics Multi Disci	Pair Corr
0.98	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.98	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.98	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.99	KMKYX	Kinetics Market Oppo Steady Growth	Pair Corr
0.98	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.98	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.97	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.97	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.98	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.98	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.98	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.96	KSCYX	Kinetics Small Cap	Pair Corr
0.97	KSCOX	Kinetics Small Cap	Pair Corr
0.96	KSOAX	Kinetics Small Cap	Pair Corr
0.96	KSOCX	Kinetics Small Cap	Pair Corr
1.0	KINAX	Kinetics Internet Steady Growth	Pair Corr
0.61	XNKGX	Nuveen Georgia Quality	Pair Corr
0.89	XPPRX	Voya Prime Rate	Pair Corr
0.73	PCF	Putnam High Income	Pair Corr
0.88	RGAGX	Growth Fund	Pair Corr

Moving against Kinetics Mutual Fund

0.85	GCEEX	Goldman Sachs Clean	Pair Corr
0.85	GCEDX	Goldman Sachs Clean	Pair Corr
0.85	GCEPX	Goldman Sachs Clean	Pair Corr
0.85	GCEGX	Goldman Sachs Clean	Pair Corr
0.85	GCEBX	Goldman Sachs Clean	Pair Corr
0.85	GCEJX	Goldman Sachs Clean	Pair Corr
0.77	XNXJX	Nuveen New Jersey	Pair Corr
0.76	XNBHX	Neuberger Berman Int	Pair Corr
0.52	NXJ	Nuveen New Jersey	Pair Corr
0.48	XDSMX	Dreyfus Strategic	Pair Corr

Related Correlations Analysis

	ICTEX	USTCX	DTEYX	BSTSX	TOWTX	PGKCX	TEFQX
ICTEX		0.81	0.76	0.71	0.72	0.76	0.8	ICTEX
USTCX	0.81		0.98	0.93	0.78	0.96	0.92	USTCX
DTEYX	0.76	0.98		0.94	0.81	0.98	0.93	DTEYX
BSTSX	0.71	0.93	0.94		0.88	0.94	0.89	BSTSX
TOWTX	0.72	0.78	0.81	0.88		0.83	0.82	TOWTX
PGKCX	0.76	0.96	0.98	0.94	0.83		0.93	PGKCX
TEFQX	0.8	0.92	0.93	0.89	0.82	0.93		TEFQX
	ICTEX	USTCX	DTEYX	BSTSX	TOWTX	PGKCX	TEFQX

Click cells to compare fundamentals

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ICTEX	0.74	(0.06)	(0.06)	0.02	0.93	(0.82)	1.27	(1.83)	4.33
USTCX	0.93	0.03	0.03	0.11	1.28	(0.88)	2.39	(2.53)	6.28
DTEYX	0.94	0.01	0.01	0.09	1.34	(0.92)	1.88	(2.49)	5.99
BSTSX	1.04	0.10	0.01	(1.01)	1.56	(1.01)	1.88	(2.49)	6.75
TOWTX	0.53	0.02	(0.08)	4.43	0.74	(0.55)	1.08	(1.32)	3.71
PGKCX	1.07	0.00	0.01	0.09	1.61	(1.02)	2.27	(2.67)	6.31
TEFQX	1.17	(0.06)	(0.01)	0.05	1.70	(1.12)	2.40	(2.66)	8.22

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