Kinetics Market Opportunities Fund Market Value
| KMKAX Fund | USD 96.17 3.54 3.82% |
| Symbol | KINETICS |
Kinetics Market '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 Market'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 Market.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Kinetics Market on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Kinetics Market Opportunities or generate 0.0% return on investment in Kinetics Market over 90 days. Kinetics Market is related to or competes with T Rowe, T Rowe, T Rowe, T Rowe, T Rowe, T Rowe, and T Rowe. The fund is a non-diversified fund that invests all of its investable assets in the Market Opportunities Portfolio, a se... More
Kinetics Market 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 Market'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 Market Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.3067 | |||
| Maximum Drawdown | 14.11 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 3.82 |
Kinetics Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetics Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetics Market's standard deviation. In reality, there are many statistical measures that can use Kinetics Market historical prices to predict the future Kinetics Market's volatility.| Risk Adjusted Performance | 0.2877 | |||
| Jensen Alpha | 0.6186 | |||
| Total Risk Alpha | 0.4394 | |||
| Sortino Ratio | 0.3513 | |||
| Treynor Ratio | 0.651 |
Kinetics Market Oppo Backtested Returns
Kinetics Market appears to be very steady, given 3 months investment horizon. Kinetics Market Oppo has Sharpe Ratio of 0.43, which conveys that the entity had a 0.43% return per unit of risk over the last 3 months. By analyzing Kinetics Market's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please exercise Kinetics Market's Risk Adjusted Performance of 0.2877, downside deviation of 1.81, and Mean Deviation of 1.39 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.15, 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 Market will likely underperform.
Auto-correlation | 0.89 |
Very good predictability
Kinetics Market Opportunities has very good predictability. Overlapping area represents the amount of predictability between Kinetics Market time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Market Oppo price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Kinetics Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 81.96 |
Kinetics Market Oppo lagged returns against current returns
Autocorrelation, which is Kinetics Market 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 Market's mutual fund expected returns. We can calculate the autocorrelation of Kinetics Market returns to help us make a trade decision. For example, suppose you find that Kinetics Market 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 Market 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 Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetics Market 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 Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kinetics Market Lagged Returns
When evaluating Kinetics Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetics Market mutual fund have on its future price. Kinetics Market 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 Market autocorrelation shows the relationship between Kinetics Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kinetics Market Opportunities.
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 Market 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 Market security.
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