Kinetics Market Correlations

Mutual Funds . USA . 
Fund . Kinetics Market Opportunities
KMKNX Fund  USD 81.86  0.38  0.46%   
The current 90-days correlation between Kinetics Market Oppo and Kinetics Market Opportunities is 1.0 (i.e., No risk reduction). The correlation of Kinetics Market 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 Market Correlation With Market

Good diversification

The correlation between Kinetics Market Opportunities and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Market Opportunities 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 Market Opportunities. 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 board of governors.

Moving together with Kinetics Mutual Fund

  0.72KGLCX Kinetics GlobalPairCorr
  0.8KGLAX Kinetics GlobalPairCorr
  0.78WWNPX Kinetics ParadigmPairCorr
  0.79WWWEX Kinetics GlobalPairCorr
  0.71KINCX Kinetics InternetPairCorr
  0.75KMKCX Kinetics Market OppoPairCorr
  1.0KMKAX Kinetics Market OppoPairCorr
  1.0KMKYX Kinetics Market OppoPairCorr
  0.95KNPAX Kinetics ParadigmPairCorr
  0.95KNPCX Kinetics ParadigmPairCorr
  0.95KNPYX Kinetics ParadigmPairCorr
  0.85LSHEX Kinetics Spin OffPairCorr
  0.85LSHUX Horizon Spin OffPairCorr
  0.84LSHCX Horizon Spin OffPairCorr
  0.85LSHAX Horizon Spin OffPairCorr
  0.79KSCYX Kinetics Small CapPairCorr
  0.79KSCOX Kinetics Small CapPairCorr
  0.95KSOAX Kinetics Small CapPairCorr
  0.95KSOCX Kinetics Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Market 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 Market'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.

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