Kinetics Paradigm Correlations

KNPCX Fund

USD 148.09 5.56 3.90%

The current 90-days correlation between Kinetics Paradigm and Kinetics Multi Disciplinary Income is 0.13 (i.e., Average diversification). The correlation of Kinetics Paradigm 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 Paradigm Correlation With Market

Average diversification

The correlation between Kinetics Paradigm Fund and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Paradigm 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 Paradigm 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	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.98	WWWFX	Kinetics Internet Steady Growth	Pair Corr
0.98	KINCX	Kinetics Internet Steady Growth	Pair Corr
0.93	KMDNX	Kinetics Multi Disci	Pair Corr
0.99	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.99	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.99	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
1.0	KMKYX	Kinetics Market Oppo Steady Growth	Pair Corr
1.0	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.99	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.99	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
1.0	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
1.0	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
1.0	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.81	PAMCX	T Rowe Price	Pair Corr
0.81	RRMGX	T Rowe Price	Pair Corr
0.83	TRQZX	T Rowe Price	Pair Corr
0.82	RPMGX	T Rowe Price	Pair Corr
0.92	PRJIX	T Rowe Price	Pair Corr
0.91	PRNHX	T Rowe Price	Pair Corr
0.92	TRUZX	T Rowe Price	Pair Corr
0.9	PCBIX	Midcap Fund Institutional	Pair Corr
0.9	PEMGX	Midcap Fund Class	Pair Corr
0.9	PMBCX	Midcap Fund Class	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VITSX	Vanguard Total Stock	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.9	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VINIX	Vanguard Institutional	Pair Corr
0.9	VTSAX	Vanguard Total Stock	Pair Corr
0.9	BITW	Bitwise 10 Crypto	Pair Corr
0.72	GAB	Gabelli Equity Trust	Pair Corr

Moving against Kinetics Mutual Fund

0.84	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.81	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.72	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.39	VTSNX	Vanguard Total Inter	Pair Corr
0.38	VTISX	Vanguard Total Inter	Pair Corr
0.33	VTPSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	KMDNX	KMDYX	KMDAX	KMDCX	KMKCX	KMKAX	KMKNX	KMKYX	MEDRX
KMDNX		0.01	0.01	0.01	0.93	0.93	0.93	0.93	-0.81	KMDNX
KMDYX	0.01		0.98	0.98	-0.11	-0.1	-0.1	-0.1	-0.13	KMDYX
KMDAX	0.01	0.98		0.98	-0.11	-0.11	-0.11	-0.11	-0.16	KMDAX
KMDCX	0.01	0.98	0.98		-0.11	-0.11	-0.11	-0.11	-0.15	KMDCX
KMKCX	0.93	-0.11	-0.11	-0.11		1.0	1.0	0.99	-0.62	KMKCX
KMKAX	0.93	-0.1	-0.11	-0.11	1.0		1.0	0.99	-0.62	KMKAX
KMKNX	0.93	-0.1	-0.11	-0.11	1.0	1.0		0.99	-0.63	KMKNX
KMKYX	0.93	-0.1	-0.11	-0.11	0.99	0.99	0.99		-0.62	KMKYX
MEDRX	-0.81	-0.13	-0.16	-0.15	-0.62	-0.62	-0.63	-0.62		MEDRX
	KMDNX	KMDYX	KMDAX	KMDCX	KMKCX	KMKAX	KMKNX	KMKYX	MEDRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

KMKAX	+ 1.0	KMKCX
KMKNX	+ 1.0	KMKCX
KMKNX	+ 1.0	KMKAX
KMKYX	+ 0.99	KMKCX
KMKYX	+ 0.99	KMKAX
KMKYX	+ 0.99	KMKNX

High negative correlations

MEDRX	- 0.81	KMDNX
MEDRX	- 0.63	KMKNX
MEDRX	- 0.62	KMKYX
MEDRX	- 0.62	KMKAX
MEDRX	- 0.62	KMKCX
MEDRX	- 0.16	KMDAX

Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Paradigm 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 Paradigm'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
KMDNX	0.04	0.01	0.00	(1.51)	0.00	0.00	0.10	0.00	0.10
KMDYX	0.04	(0.02)	0.00	(3.72)	0.00	0.00	0.10	(0.30)	0.40
KMDAX	0.04	(0.03)	0.00	(7.85)	0.00	0.00	0.00	(0.30)	0.40
KMDCX	0.04	(0.02)	0.00	7.31	0.00	0.00	0.10	(0.20)	0.31
KMKCX	1.14	0.57	0.45	0.56	0.67	(1.48)	3.25	(1.51)	7.58
KMKAX	1.14	0.57	0.45	0.56	0.67	(1.48)	3.26	(1.50)	7.58
KMKNX	1.14	0.57	0.45	0.56	0.66	(1.48)	3.26	(1.50)	7.57
KMKYX	1.16	0.61	0.42	4.47	0.73	(1.48)	3.27	(1.49)	7.59
MEDRX	0.34	(0.06)	0.00	2.62	0.00	0.00	0.97	(1.29)	3.97

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