Kinetics Small Correlations

KSCYX Fund

USD 161.06 3.23 1.97%

The current 90-days correlation between Kinetics Small Cap and Vanguard Short Term Investment Grade is 0.24 (i.e., Modest diversification). The correlation of Kinetics Small 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 Small Correlation With Market

Very weak diversification

The correlation between Kinetics Small Cap and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Small Cap 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 Small Cap. 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 population.

Moving together with Kinetics Mutual Fund

0.93	WWNPX	Kinetics Paradigm	Pair Corr
0.81	KMKCX	Kinetics Market Oppo	Pair Corr
0.82	KMKAX	Kinetics Market Oppo	Pair Corr
0.82	KMKNX	Kinetics Market Oppo	Pair Corr
0.82	KMKYX	Kinetics Market Oppo	Pair Corr
0.7	KNPAX	Kinetics Paradigm	Pair Corr
0.96	LSHEX	Kinetics Spin Off	Pair Corr
0.96	LSHUX	Horizon Spin Off	Pair Corr
0.72	LSHCX	Horizon Spin Off	Pair Corr
1.0	KSCOX	Kinetics Small Cap	Pair Corr
1.0	KSOCX	Kinetics Small Cap	Pair Corr
0.61	JGMIX	Janus Triton	Pair Corr
0.61	JGMRX	Janus Triton	Pair Corr
0.61	JGMCX	Janus Triton	Pair Corr
0.61	JGMNX	Janus Triton	Pair Corr
0.61	JLAEX	Retirement Living Through	Pair Corr

Related Correlations Analysis

	VFSTX	OPTCX	MFTFX	NQQQX	LMUSX
VFSTX		0.79	0.77	0.77	0.77	VFSTX
OPTCX	0.79		0.75	0.91	0.91	OPTCX
MFTFX	0.77	0.75		0.82	0.73	MFTFX
NQQQX	0.77	0.91	0.82		0.91	NQQQX
LMUSX	0.77	0.91	0.73	0.91		LMUSX
	VFSTX	OPTCX	MFTFX	NQQQX	LMUSX

Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Small 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 Small'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
VFSTX	0.10	0.01	(0.07)	0.30	0.00	(0.16)	0.29	(0.19)	0.76
OPTCX	0.19	0.00	(0.03)	0.00	0.11	(0.25)	0.41	(0.30)	1.53
MFTFX	1.04	0.14	0.09	0.67	1.19	(1.20)	2.80	(1.78)	6.84
NQQQX	0.74	0.08	0.05	(2.40)	1.05	(0.73)	1.56	(1.91)	5.05
LMUSX	0.54	0.03	0.03	0.05	0.81	(0.49)	1.25	(1.38)	4.03

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Kinetics Small Correlations

Kinetics Small Correlation With Market

Very weak diversification

Moving together with Kinetics Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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