Kinetics Medical Correlations
| MEDRXDelisted Fund | USD 31.22 0.00 0.00% |
The current 90-days correlation between Kinetics Medical and T Rowe Price is 0.07 (i.e., Significant diversification). The correlation of Kinetics Medical 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 Medical Correlation With Market
Significant diversification
The correlation between Kinetics Medical Fund and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Medical Fund and DJI in the same portfolio, assuming nothing else is changed.
Kinetics |
Moving together with Kinetics Mutual Fund
| 0.72 | VGHAX | Vanguard Health Care | PairCorr |
| 0.72 | VGHCX | Vanguard Health Care | PairCorr |
| 0.61 | PRHSX | T Rowe Price | PairCorr |
| 0.61 | THISX | T Rowe Price | PairCorr |
| 0.62 | VHCIX | Vanguard Health Care | PairCorr |
| 0.62 | SHISX | Blackrock Health Sciences | PairCorr |
| 0.63 | SHSCX | Blackrock Health Sciences | PairCorr |
| 0.62 | SHSAX | Blackrock Health Sciences | PairCorr |
| 0.62 | SHSSX | Blackrock Health Sciences | PairCorr |
Moving against Kinetics Mutual Fund
| 0.68 | INPIX | Internet Ultrasector | PairCorr |
| 0.68 | INPSX | Internet Ultrasector | PairCorr |
| 0.6 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
| 0.59 | RYVLX | Nasdaq 100 2x | PairCorr |
| 0.59 | RYVYX | Nasdaq 100 2x | PairCorr |
| 0.59 | UOPIX | Ultra Nasdaq 100 | PairCorr |
| 0.59 | RYCCX | Nasdaq 100 2x | PairCorr |
| 0.59 | UOPSX | Ultranasdaq 100 Profund | PairCorr |
| 0.84 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.75 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.72 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.72 | WMT | Walmart Aggressive Push | PairCorr |
| 0.7 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.6 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.55 | HPQ | HP Inc | PairCorr |
| 0.52 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.49 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.47 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.43 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.43 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.95 | 0.97 | 0.95 | 0.94 | 0.97 | PAVLX | ||
| 0.95 | 0.98 | 0.97 | 0.99 | 0.97 | MMLRX | ||
| 0.97 | 0.98 | 0.98 | 0.98 | 0.99 | JDVNX | ||
| 0.95 | 0.97 | 0.98 | 0.97 | 0.99 | TWQZX | ||
| 0.94 | 0.99 | 0.98 | 0.97 | 0.97 | LMUSX | ||
| 0.97 | 0.97 | 0.99 | 0.99 | 0.97 | FLUEX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Kinetics Mutual Fund performing well and Kinetics Medical 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 Medical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAVLX | 0.49 | (0.01) | (0.07) | 0.11 | 0.36 | 1.08 | 3.55 | |||
| MMLRX | 0.52 | (0.01) | (0.04) | 0.11 | 0.64 | 1.05 | 3.88 | |||
| JDVNX | 0.59 | 0.00 | 0.00 | 0.12 | 0.49 | 1.19 | 5.12 | |||
| TWQZX | 0.50 | 0.00 | (0.04) | 0.12 | 0.33 | 1.16 | 3.48 | |||
| LMUSX | 0.62 | 0.03 | 0.02 | 0.15 | 0.72 | 1.52 | 4.15 | |||
| FLUEX | 0.52 | 0.03 | 0.00 | 0.15 | 0.30 | 1.14 | 3.46 |
Kinetics Medical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kinetics Medical mutual fund to make a market-neutral strategy. Peer analysis of Kinetics Medical could also be used in its relative valuation, which is a method of valuing Kinetics Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Kinetics Medical Fund?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.