Kinetics Small Correlations

Mutual Funds . USA . 
Fund . Kinetics Small Cap
KSOAX Fund  USD 172.27  6.80  4.11%   
The current 90-days correlation between Kinetics Small Cap and Sprott Gold Equity is 0.2 (i.e., Modest 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

Very weak diversification

The correlation between Kinetics Small Cap and DJI is 0.44 (i.e., Very weak 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

  0.84KGLCX Kinetics GlobalPairCorr
  0.85KGLAX Kinetics GlobalPairCorr
  0.98WWNPX Kinetics ParadigmPairCorr
  0.84WWWEX Kinetics GlobalPairCorr
  0.97KMKCX Kinetics Market OppoPairCorr
  0.97KMKAX Kinetics Market OppoPairCorr
  0.97KMKNX Kinetics Market OppoPairCorr
  0.97KMKYX Kinetics Market OppoPairCorr
  0.93KNPAX Kinetics ParadigmPairCorr
  0.91KNPCX Kinetics ParadigmPairCorr
  0.93KNPYX Kinetics ParadigmPairCorr
  0.91LSHEX Kinetics Spin OffPairCorr
  0.91LSHUX Horizon Spin OffPairCorr
  0.89LSHCX Horizon Spin OffPairCorr
  0.91LSHAX Horizon Spin OffPairCorr
  1.0KSCYX Kinetics Small CapPairCorr
  1.0KSCOX Kinetics Small CapPairCorr
  1.0KSOCX Kinetics Small CapPairCorr

Moving against KINETICS Mutual Fund

  0.61NXJ Nuveen New JerseyPairCorr

Related Correlations Analysis


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.

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