Kinetics Multi-disciplina Correlations

KMDNX Fund

USD 10.05 0.01 0.1%

The current 90-days correlation between Kinetics Multi-disciplina and Kinetics Market Opportunities is 0.36 (i.e., Weak diversification). The correlation of Kinetics Multi-disciplina 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 Multi-disciplina Correlation With Market

Good diversification

The correlation between Kinetics Multi Disciplinary In and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Multi Disciplinary In 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 Multi Disciplinary Income. 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 board of governors.

Moving together with Kinetics Mutual Fund

0.65	RYIFX	Guggenheim Managed	Pair Corr
0.65	LOTCX	Locorr Market Trend	Pair Corr
0.62	GSDUX	Goldman Sachs Short	Pair Corr

Moving against Kinetics Mutual Fund

0.47	LSHCX	Horizon Spin Off	Pair Corr
0.45	LSHUX	Horizon Spin Off	Pair Corr
0.45	LSHAX	Horizon Spin Off	Pair Corr
0.44	LSHEX	Kinetics Spin Off	Pair Corr
0.4	KNPCX	Kinetics Paradigm	Pair Corr
0.4	KSCOX	Kinetics Small Cap	Pair Corr
0.4	KSOAX	Kinetics Small Cap	Pair Corr
0.39	KSCYX	Kinetics Small Cap	Pair Corr
0.38	KNPAX	Kinetics Paradigm	Pair Corr
0.37	WWNPX	Kinetics Paradigm	Pair Corr
0.37	KNPYX	Kinetics Paradigm	Pair Corr
0.84	SMPSX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.78	SMPIX	Semiconductor Ultrasector Steady Growth	Pair Corr
0.41	KSOCX	Kinetics Small Cap	Pair Corr

Related Correlations Analysis

	KMKNX	KSCOX	WWWEX	WWNPX	DLENX
KMKNX		0.95	0.94	0.97	0.22	KMKNX
KSCOX	0.95		0.81	1.0	0.07	KSCOX
WWWEX	0.94	0.81		0.84	0.33	WWWEX
WWNPX	0.97	1.0	0.84		0.09	WWNPX
DLENX	0.22	0.07	0.33	0.09		DLENX
	KMKNX	KSCOX	WWWEX	WWNPX	DLENX

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Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Multi-disciplina 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 Multi-disciplina'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
KMKNX	1.81	0.10	0.04	0.11	2.46	(1.87)	3.56	(5.12)	15.50
KSCOX	1.72	(0.04)	0.00	(0.04)	0.00	0.00	2.91	(4.63)	16.43
WWWEX	1.16	0.10	0.07	0.23	1.38	(1.32)	2.51	(2.34)	8.74
WWNPX	2.09	0.01	0.00	0.01	3.22	(1.93)	3.78	(5.53)	19.40
DLENX	0.11	0.01	0.06	0.34	0.00	(0.16)	0.22	(0.22)	0.67

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