Kinetics Internet Correlations

Mutual Funds . USA . 
Fund . Kinetics Internet Fund
KINCX Fund  USD 84.93  0.34  0.40%   
The current 90-days correlation between Kinetics Internet and Gold Portfolio Fidelity is 0.26 (i.e., Modest diversification). The correlation of Kinetics Internet 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 Internet Correlation With Market

Poor diversification

The correlation between Kinetics Internet Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Internet 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 Internet 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 main economic indicators.

Moving together with KINETICS Mutual Fund

  1.0KINAX Kinetics InternetPairCorr
  0.98WWWFX Kinetics InternetPairCorr
  0.69BTMPX Ishares Msci EafePairCorr
  0.69BTMKX Blackrock InternationalPairCorr
  0.75MDIIX Blackrock Intern IndexPairCorr
  0.79SNTCX Steward InternationalPairCorr
  0.84MINGX Mfs International ValuePairCorr
  0.96XPMIX Conversus StepstonePairCorr
  0.86CMNIX Calamos Market NeutralPairCorr
  0.82BCLPX Blckrk Lc CrPairCorr
  0.62FLTAX Fa529 Ltd TeclPairCorr
  0.87FSGEX Fidelity Series GlobalPairCorr
  0.62BDMIX Blackrock Gbl LngPairCorr
  0.61ASDCX Aamhimco Short DurationPairCorr
  0.82JIUCX Jpmorgan InternationalPairCorr
  0.88NIEAX Dreyfus/newton InternationalPairCorr

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 Internet 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 Internet'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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