Kinetics Internet Correlations

KINCX Fund

USD 79.50 0.39 0.49%

The current 90-days correlation between Kinetics Internet and T Rowe Price is 0.44 (i.e., Very weak diversification). The correlation of Kinetics Internet 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 Internet Correlation With Market

Very weak diversification

The correlation between Kinetics Internet Fund and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Internet Fund 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 Internet Fund. 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 private.

Moving together with Kinetics Mutual Fund

0.76	KGLCX	Kinetics Global	Pair Corr
0.76	KGLAX	Kinetics Global	Pair Corr
1.0	WWWFX	Kinetics Internet	Pair Corr
0.93	WWWEX	Kinetics Global	Pair Corr
0.81	KINAX	Kinetics Internet	Pair Corr

Moving against Kinetics Mutual Fund

0.44	TCSUX	Cleartrack 2020 Class	Pair Corr
0.41	TCTGX	Transamerica Cleartrack	Pair Corr
0.41	TCTJX	Transamerica Cleartrack	Pair Corr
0.4	TDKTX	Cleartrack 2015 Class	Pair Corr
0.37	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	TRBCX	GCOZX	ARTSX	SCGCX	UPDDX	NEAIX	HGOFX
TRBCX		0.98	0.94	0.98	0.94	0.96	1.0	TRBCX
GCOZX	0.98		0.95	1.0	0.92	0.97	0.97	GCOZX
ARTSX	0.94	0.95		0.95	0.84	0.95	0.92	ARTSX
SCGCX	0.98	1.0	0.95		0.92	0.97	0.98	SCGCX
UPDDX	0.94	0.92	0.84	0.92		0.94	0.96	UPDDX
NEAIX	0.96	0.97	0.95	0.97	0.94		0.97	NEAIX
HGOFX	1.0	0.97	0.92	0.98	0.96	0.97		HGOFX
	TRBCX	GCOZX	ARTSX	SCGCX	UPDDX	NEAIX	HGOFX

Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Internet 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 Internet'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
TRBCX	0.63	0.09	0.08	0.22	0.56	(0.71)	1.41	(1.04)	4.73
GCOZX	0.38	0.03	(0.04)	0.16	0.16	(0.48)	1.12	(0.53)	2.34
ARTSX	0.77	0.07	0.08	0.18	0.58	(0.90)	1.51	(1.25)	3.77
SCGCX	0.38	0.02	(0.04)	0.15	0.20	(0.49)	1.01	(0.64)	2.53
UPDDX	1.05	0.35	0.13	(0.52)	1.07	(1.15)	2.71	(1.89)	6.43
NEAIX	0.93	0.10	0.12	0.20	0.78	(1.05)	2.45	(1.95)	5.09
HGOFX	0.69	0.09	0.09	0.23	0.57	(0.78)	1.76	(1.43)	4.14

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