Kinetics Paradigm Correlations

WWNPX Fund

USD 130.87 2.19 1.70%

The current 90-days correlation between Kinetics Paradigm and Touchstone Sustainability And is -0.03 (i.e., Good diversification). The correlation of Kinetics Paradigm 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 Paradigm Correlation With Market

Modest diversification

The correlation between Kinetics Paradigm Fund and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Paradigm Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Kinetics Paradigm 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 metropolitan statistical area.

Moving together with Kinetics Mutual Fund

0.9	KMKCX	Kinetics Market Oppo	Pair Corr
0.9	KMKAX	Kinetics Market Oppo	Pair Corr
0.9	KMKNX	Kinetics Market Oppo	Pair Corr
0.64	KMKYX	Kinetics Market Oppo	Pair Corr
1.0	KNPAX	Kinetics Paradigm	Pair Corr
1.0	KNPCX	Kinetics Paradigm	Pair Corr
0.73	KNPYX	Kinetics Paradigm	Pair Corr
0.92	LSHEX	Kinetics Spin Off	Pair Corr
0.92	LSHUX	Horizon Spin Off	Pair Corr
0.92	LSHCX	Horizon Spin Off	Pair Corr
0.94	KSCYX	Kinetics Small Cap	Pair Corr
0.94	KSCOX	Kinetics Small Cap	Pair Corr
0.94	KSOAX	Kinetics Small Cap	Pair Corr
0.94	KSOCX	Kinetics Small Cap	Pair Corr

Moving against Kinetics Mutual Fund

0.37	CEE	Central Europe Russia	Pair Corr
0.31	PCBIX	Midcap Fund Institutional	Pair Corr
0.31	PEMGX	Midcap Fund Class	Pair Corr

Related Correlations Analysis

	TIQIX	MPIEX	AVEGX	HMEZX	LYRBX	VIISX	GSSQX	PRISX	FHAVX	HSPCX
TIQIX		0.75	-0.45	0.88	0.1	-0.63	0.93	-0.44	0.89	0.92	TIQIX
MPIEX	0.75		-0.25	0.66	0.0	-0.43	0.56	-0.5	0.53	0.54	MPIEX
AVEGX	-0.45	-0.25		-0.59	0.5	0.69	-0.49	0.66	-0.42	-0.55	AVEGX
HMEZX	0.88	0.66	-0.59		0.05	-0.88	0.88	-0.49	0.89	0.91	HMEZX
LYRBX	0.1	0.0	0.5	0.05		0.07	0.13	0.63	0.29	0.12	LYRBX
VIISX	-0.63	-0.43	0.69	-0.88	0.07		-0.69	0.49	-0.72	-0.74	VIISX
GSSQX	0.93	0.56	-0.49	0.88	0.13	-0.69		-0.33	0.93	0.97	GSSQX
PRISX	-0.44	-0.5	0.66	-0.49	0.63	0.49	-0.33		-0.32	-0.37	PRISX
FHAVX	0.89	0.53	-0.42	0.89	0.29	-0.72	0.93	-0.32		0.92	FHAVX
HSPCX	0.92	0.54	-0.55	0.91	0.12	-0.74	0.97	-0.37	0.92		HSPCX
	TIQIX	MPIEX	AVEGX	HMEZX	LYRBX	VIISX	GSSQX	PRISX	FHAVX	HSPCX

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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

HSPCX	+ 0.97	GSSQX
GSSQX	+ 0.93	TIQIX
FHAVX	+ 0.93	GSSQX
HSPCX	+ 0.92	TIQIX
HSPCX	+ 0.92	FHAVX
HSPCX	+ 0.91	HMEZX

High negative correlations

VIISX	- 0.88	HMEZX
HSPCX	- 0.74	VIISX
FHAVX	- 0.72	VIISX
GSSQX	- 0.69	VIISX
VIISX	- 0.63	TIQIX
HMEZX	- 0.59	AVEGX

Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Paradigm 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 Paradigm'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
TIQIX	0.59	0.07	0.00	(1.13)	0.73	(0.60)	1.33	(1.12)	4.46
MPIEX	0.55	0.07	(0.01)	(0.46)	0.63	(0.57)	1.08	(0.84)	3.47
AVEGX	0.62	(0.11)	0.00	(0.04)	0.00	0.00	1.57	(1.11)	4.44
HMEZX	0.06	0.01	(0.57)	0.38	0.00	(0.09)	0.15	(0.05)	0.35
LYRBX	0.65	(0.07)	(0.07)	0.00	0.89	(0.66)	1.45	(1.53)	5.37
VIISX	0.50	(0.10)	0.00	0.94	0.00	0.00	0.83	(1.07)	3.54
GSSQX	0.51	0.00	0.01	0.00	0.68	(0.53)	1.18	(1.13)	4.13
PRISX	0.66	(0.10)	0.00	(0.02)	0.00	0.00	1.33	(1.59)	5.56
FHAVX	0.26	0.01	(0.08)	0.08	0.23	(0.31)	0.59	(0.50)	1.99
HSPCX	1.19	0.11	0.03	0.75	1.61	(1.19)	2.66	(2.23)	7.85

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