Kinetics Global Correlations

Mutual Funds . USA . 
Fund . Kinetics Global Fund
KGLAX Fund   17.33  0.02  0.12%   
The current 90-days correlation between Kinetics Global and Siit Large Cap is 0.49 (i.e., Very weak diversification). The correlation of Kinetics Global 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 Global Correlation With Market

Significant diversification

The correlation between Kinetics Global Fund and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Global 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 Global 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 nation.

Moving together with Kinetics Mutual Fund

  1.0KGLCX Kinetics GlobalPairCorr
  0.93WWWFX Kinetics InternetPairCorr
  0.64DXQLX Direxion Monthly NasdaqPairCorr
  0.63RYVLX Nasdaq 100 2xPairCorr
  0.63RYVYX Nasdaq 100 2xPairCorr
  0.63RYCCX Nasdaq 100 2xPairCorr
  0.63UOPSX Ultranasdaq 100 ProfundPairCorr
  0.66INPSX Internet UltrasectorPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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