Kinetics Internet Correlations

Mutual Funds . USA . 
Fund . Kinetics Internet Fund
KINCX Fund  USD 79.60  0.48  0.60%   
The current 90-days correlation between Kinetics Internet and Dws Global Macro is -0.2 (i.e., Good 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

Good diversification

The correlation between Kinetics Internet Fund and DJI is -0.11 (i.e., Good 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

  0.88KGLCX Kinetics GlobalPairCorr
  0.88KGLAX Kinetics GlobalPairCorr
  0.9WWWFX Kinetics InternetPairCorr
  0.88WWWEX Kinetics GlobalPairCorr
  0.7KMDNX Kinetics Multi DisciPairCorr
  0.63KMKCX Kinetics Market OppoPairCorr
  0.71KMKAX Kinetics Market OppoPairCorr
  0.71KMKNX Kinetics Market OppoPairCorr
  0.64KMKYX Kinetics Market OppoPairCorr
  1.0KINAX Kinetics InternetPairCorr
  0.74GCEBX Goldman Sachs CleanPairCorr
  0.74GCEGX Goldman Sachs CleanPairCorr
  0.74GCEPX Goldman Sachs CleanPairCorr
  0.74GCEDX Goldman Sachs CleanPairCorr
  0.74GCEEX Goldman Sachs CleanPairCorr
  0.74GCEJX Goldman Sachs CleanPairCorr
  0.71VTSAX Vanguard Total StockPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.72VTSMX Vanguard Total StockPairCorr
  0.71VSMPX Vanguard Total StockPairCorr
  0.71VSTSX Vanguard Total StockPairCorr
  0.72VITSX Vanguard Total StockPairCorr
  0.71VFINX Vanguard 500 IndexPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.79VGTSX Vanguard Total InterPairCorr
  0.79VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis

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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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