Kinetics Global Fund Market Value
| KGLCX Fund | USD 15.65 0.10 0.63% |
| Symbol | Kinetics |
Kinetics Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Kinetics Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Kinetics Global.
| 11/18/2024 |
| 01/17/2025 |
If you would invest 0.00 in Kinetics Global on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Kinetics Global Fund or generate 0.0% return on investment in Kinetics Global over 60 days. Kinetics Global is related to or competes with Schwab Small-cap, Tiaa-cref Small-cap, Stone Ridge, Wells Fargo, Davenport Small, and Delaware Limited. The fund is a diversified fund that invests all of its investable assets in the Global Portfolio, a series of Kinetics P... More
Kinetics Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Kinetics Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Kinetics Global Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.2173 | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 3.14 |
Kinetics Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetics Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetics Global's standard deviation. In reality, there are many statistical measures that can use Kinetics Global historical prices to predict the future Kinetics Global's volatility.| Risk Adjusted Performance | 0.1899 | |||
| Jensen Alpha | 0.3518 | |||
| Total Risk Alpha | 0.3583 | |||
| Sortino Ratio | 0.2465 | |||
| Treynor Ratio | 3.82 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinetics Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kinetics Global Backtested Returns
Kinetics Global appears to be very steady, given 3 months investment horizon. Kinetics Global has Sharpe Ratio of 0.18, which conveys that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Kinetics Global, which you can use to evaluate the volatility of the fund. Please exercise Kinetics Global's Downside Deviation of 1.44, mean deviation of 1.27, and Risk Adjusted Performance of 0.1899 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.0921, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kinetics Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinetics Global is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Kinetics Global Fund has good reverse predictability. Overlapping area represents the amount of predictability between Kinetics Global time series from 18th of November 2024 to 18th of December 2024 and 18th of December 2024 to 17th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kinetics Global price movement. The serial correlation of -0.52 indicates that about 52.0% of current Kinetics Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Kinetics Global lagged returns against current returns
Autocorrelation, which is Kinetics Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Kinetics Global's mutual fund expected returns. We can calculate the autocorrelation of Kinetics Global returns to help us make a trade decision. For example, suppose you find that Kinetics Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Kinetics Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Kinetics Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetics Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinetics Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kinetics Global Lagged Returns
When evaluating Kinetics Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetics Global mutual fund have on its future price. Kinetics Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Kinetics Global autocorrelation shows the relationship between Kinetics Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kinetics Global Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Kinetics Mutual Fund
Kinetics Global financial ratios help investors to determine whether Kinetics Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kinetics with respect to the benefits of owning Kinetics Global security.
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