Kinetics Internet Fund Market Value
| KINCX Fund | USD 88.64 3.48 4.09% |
| Symbol | Kinetics |
Kinetics Internet '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 Internet'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 Internet.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Kinetics Internet on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kinetics Internet Fund or generate 0.0% return on investment in Kinetics Internet over 30 days. Kinetics Internet is related to or competes with Kinetics Global, Kinetics Global, Kinetics Paradigm, Kinetics Global, Kinetics Multi-disciplina, Kinetics Market, and Kinetics Market. The fund is a non-diversified fund that invests all of its investable assets in the Internet Portfolio More
Kinetics Internet 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 Internet'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 Internet Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.2897 | |||
| Maximum Drawdown | 8.52 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 4.09 |
Kinetics Internet Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetics Internet's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetics Internet's standard deviation. In reality, there are many statistical measures that can use Kinetics Internet historical prices to predict the future Kinetics Internet's volatility.| Risk Adjusted Performance | 0.2827 | |||
| Jensen Alpha | 0.4681 | |||
| Total Risk Alpha | 0.3631 | |||
| Sortino Ratio | 0.4661 | |||
| Treynor Ratio | 0.4287 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinetics Internet'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 Internet Backtested Returns
Kinetics Internet appears to be very steady, given 3 months investment horizon. Kinetics Internet has Sharpe Ratio of 0.36, which conveys that the entity had a 0.36% return per unit of risk over the last 3 months. By analyzing Kinetics Internet's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please exercise Kinetics Internet's Mean Deviation of 1.39, risk adjusted performance of 0.2827, and Downside Deviation of 1.14 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.52, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kinetics Internet will likely underperform.
Auto-correlation | 0.92 |
Excellent predictability
Kinetics Internet Fund has excellent predictability. Overlapping area represents the amount of predictability between Kinetics Internet time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. 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 Internet price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Kinetics Internet price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 12.7 |
Kinetics Internet lagged returns against current returns
Autocorrelation, which is Kinetics Internet 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 Internet's mutual fund expected returns. We can calculate the autocorrelation of Kinetics Internet returns to help us make a trade decision. For example, suppose you find that Kinetics Internet 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 Internet 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 Internet mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetics Internet 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 Internet mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kinetics Internet Lagged Returns
When evaluating Kinetics Internet's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetics Internet mutual fund have on its future price. Kinetics Internet 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 Internet autocorrelation shows the relationship between Kinetics Internet mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kinetics Internet Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Kinetics Mutual Fund
Kinetics Internet 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 Internet security.
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