KINETICS MULTI-DISCIPLINA Correlations

KMDNX Fund

USD 10.04 0.01 0.1%

Current 90-days correlation between KINETICS MULTI-DISCIPLINA and ProShares Ultra NVDA is 0.09 (i.e., Significant diversification).A low or negative correlation between KINETICS MULTI-DISCIPLINA and other assets in a portfolio can meaningfully reduce drawdowns without proportionally reducing expected return.

Market Linkage for KINETICS MULTI-DISCIPLINA

Modest diversification

Across the chosen horizon, KMDNX and DJI show a correlation of 0.26 and fall into the Modest diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Review Correlation Analysis to understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Kinetics Multi Disciplinary Income within the portfolio mix. 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 inflation.

Moving together with KINETICS Mutual Fund

0.8	KGLCX	Kinetics Global	Pair Corr
0.85	WWNPX	Kinetics Paradigm	Pair Corr
0.81	WWWEX	Kinetics Global	Pair Corr
0.86	KMKCX	Kinetics Market	Pair Corr
0.86	KMKAX	Kinetics Market	Pair Corr
0.86	KMKNX	Kinetics Market	Pair Corr
0.86	KMKYX	Kinetics Market	Pair Corr
0.9	KNPAX	Kinetics Paradigm	Pair Corr
0.9	KNPCX	Kinetics Paradigm	Pair Corr
0.89	KNPYX	Kinetics Paradigm	Pair Corr
0.9	LSHEX	Kinetics Spin Off	Pair Corr
0.9	LSHUX	Horizon Spin Off	Pair Corr
0.91	LSHCX	Horizon Spin Off	Pair Corr
0.9	LSHAX	Horizon Spin Off	Pair Corr
0.88	KSCOX	Kinetics Small Cap	Pair Corr
0.88	KSOCX	Kinetics Small Cap	Pair Corr
0.78	PONCX	PIMCO Income	Pair Corr
0.81	PONAX	PIMCO Income	Pair Corr
0.83	PIPNX	PIMCO Income	Pair Corr
0.81	PONRX	PIMCO Income	Pair Corr
0.83	PONPX	PIMCO Incme Fund	Pair Corr
0.83	PIINX	PIMCO Income	Pair Corr
0.84	PIMIX	PIMCO Income	Pair Corr
0.78	LBNDX	Lord Abbett Bond	Pair Corr
0.89	FSTAX	Fidelity Advisor	Pair Corr
0.88	FSRIX	Fidelity Advisor	Pair Corr
0.8	ERH	Allspring Utilities And	Pair Corr
0.85	CSJZX	Cohen Steers Realty	Pair Corr
0.85	CSRSX	Cohen Steers Realty	Pair Corr
0.86	PGMCX	PIMCO Global Multi	Pair Corr
0.93	ALSMX	Archer Multi Cap	Pair Corr
0.94	AZTCX	Aquila Tax Free	Pair Corr
0.86	PIXAX	Fundamental Indexplus	Pair Corr

Related Correlations Analysis

	STARX	GTRFX	HEQCX	EQCHX	PLTA	HIIIX	DFII	RMNY	GOPIX	NVDB
STARX		0.65	0.7	0.28	-0.46	0.49	-0.27	0.36	0.46	0.21	STARX
GTRFX	0.65		0.7	0.4	-0.54	0.37	-0.39	0.57	0.65	0.24	GTRFX
HEQCX	0.7	0.7		0.68	-0.82	0.37	-0.63	0.72	0.84	0.03	HEQCX
EQCHX	0.28	0.4	0.68		-0.91	-0.22	-0.89	0.77	0.88	-0.22	EQCHX
PLTA	-0.46	-0.54	-0.82	-0.91		0.01	0.87	-0.82	-0.95	0.15	PLTA
HIIIX	0.49	0.37	0.37	-0.22	0.01		0.37	-0.2	0.05	0.53	HIIIX
DFII	-0.27	-0.39	-0.63	-0.89	0.87	0.37		-0.79	-0.81	0.31	DFII
RMNY	0.36	0.57	0.72	0.77	-0.82	-0.2	-0.79		0.84	-0.13	RMNY
GOPIX	0.46	0.65	0.84	0.88	-0.95	0.05	-0.81	0.84		-0.15	GOPIX
NVDB	0.21	0.24	0.03	-0.22	0.15	0.53	0.31	-0.13	-0.15		NVDB
	STARX	GTRFX	HEQCX	EQCHX	PLTA	HIIIX	DFII	RMNY	GOPIX	NVDB

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GOPIX	+ 0.88	EQCHX
DFII	+ 0.87	PLTA
GOPIX	+ 0.84	HEQCX
GOPIX	+ 0.84	RMNY
RMNY	+ 0.77	EQCHX
RMNY	+ 0.72	HEQCX

High negative correlations

GOPIX	- 0.95	PLTA
PLTA	- 0.91	EQCHX
DFII	- 0.89	EQCHX
RMNY	- 0.82	PLTA
PLTA	- 0.82	HEQCX
GOPIX	- 0.81	DFII

Risk-Adjusted Indicators

There is a big difference between KINETICS Mutual Fund performing well and KINETICS MULTI-DISCIPLINA 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 MULTI-DISCIPLINA'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
STARX	0.44	-0.03	0.00	0.18	0.00	0.00	0.80	-1.05	5.33
GTRFX	0.98	0.23	0.14	0.23	1.40	-1.30	1.04	-1.34	23.43
HEQCX	0.67	0.07	0.08	0.03	0.85	-0.69	1.28	-1.44	4.31
EQCHX	0.70	0.12	0.14	-2.95	0.79	-0.96	1.94	-1.31	5.35
PLTA	4.81	-0.45	0.00	-0.31	0.00	0.00	9.45	-11.07	36.84
HIIIX	0.27	-0.02	0.00	-0.10	0.00	0.00	0.50	-0.73	1.99
DFII	2.33	-0.22	0.00	-0.17	0.00	0.00	5.02	-5.73	17.96
RMNY	0.14	0.01	0.26	0.22	0.11	-0.15	0.28	-0.32	0.73
GOPIX	0.63	0.18	0.24	-1.78	0.43	-0.80	1.86	-1.41	4.22
NVDB	3.24	0.00	0.00	-0.04	0.00	0.00	5.88	-7.87	26.34

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