Kinetics Small Correlations

KSOAX Fund

USD 164.96 1.64 1.00%

The current 90-days correlation between Kinetics Small Cap and Rbc Bluebay Global is 0.15 (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

Average diversification

The correlation between Kinetics Small Cap and DJI is 0.15 (i.e., Average 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 nation.

Moving together with Kinetics Mutual Fund

0.73	KGLCX	Kinetics Global Steady Growth	Pair Corr
0.79	KGLAX	Kinetics Global Steady Growth	Pair Corr
0.89	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.68	WWWFX	Kinetics Internet Steady Growth	Pair Corr
0.73	WWWEX	Kinetics Global Steady Growth	Pair Corr
0.7	KINCX	Kinetics Internet Steady Growth	Pair Corr
0.87	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.95	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.87	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.87	KMKYX	Kinetics Market Oppo Steady Growth	Pair Corr
0.81	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.65	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.71	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.61	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.7	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.89	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.89	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.9	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr

Moving against Kinetics Mutual Fund

0.33	KMDNX	Kinetics Multi-disciplina	Pair Corr
0.38	GAAKX	Gmo Alternative Allo	Pair Corr
0.38	GAAGX	Gmo Alternative Allo	Pair Corr
0.34	JGMRX	Janus Triton	Pair Corr
0.34	JGMCX	Janus Triton	Pair Corr
0.33	JGMIX	Janus Triton	Pair Corr
0.33	JGMAX	Janus Triton	Pair Corr
0.33	JGMNX	Janus Triton	Pair Corr
0.31	ECSMX	Eaton Vance Small	Pair Corr

Related Correlations Analysis

	RGHYX	MSTGX	DODWX	BXFIX	HRLAX	SMYIX	LFLCX
RGHYX		0.95	0.92	0.77	0.93	0.92	0.96	RGHYX
MSTGX	0.95		0.92	0.74	0.96	0.91	0.95	MSTGX
DODWX	0.92	0.92		0.68	0.9	0.96	0.87	DODWX
BXFIX	0.77	0.74	0.68		0.75	0.74	0.77	BXFIX
HRLAX	0.93	0.96	0.9	0.75		0.88	0.94	HRLAX
SMYIX	0.92	0.91	0.96	0.74	0.88		0.87	SMYIX
LFLCX	0.96	0.95	0.87	0.77	0.94	0.87		LFLCX
	RGHYX	MSTGX	DODWX	BXFIX	HRLAX	SMYIX	LFLCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RGHYX	0.11	0.02	(0.26)	0.42	0.00	(0.16)	0.20	(0.20)	1.11
MSTGX	0.23	0.03	(0.09)	0.20	0.00	(0.27)	0.51	(0.41)	1.22
DODWX	0.62	0.14	0.19	0.28	0.25	(0.76)	1.19	(0.90)	8.36
BXFIX	0.07	0.00	(0.54)	0.00	0.00	(0.26)	0.12	(0.12)	0.83
HRLAX	0.32	0.07	(0.01)	0.51	0.14	(0.39)	0.72	(0.53)	1.47
SMYIX	0.58	0.13	0.14	0.32	0.39	(0.68)	1.16	(1.01)	6.98
LFLCX	0.11	0.02	(0.34)	0.57	0.00	(0.16)	0.22	(0.22)	0.65

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