Kinetics Small Correlations
KSCOX Fund | USD 167.29 0.23 0.14% |
The current 90-days correlation between Kinetics Small Cap and Kinetics Paradigm Fund is 0.99 (i.e., No risk reduction). The correlation of Kinetics Small 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 Small Correlation With Market
Weak diversification
The correlation between Kinetics Small Cap and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Small Cap and DJI in the same portfolio, assuming nothing else is changed.
Kinetics |
Moving together with Kinetics Mutual Fund
1.0 | WWNPX | Kinetics Paradigm | PairCorr |
0.98 | KMKCX | Kinetics Market Oppo | PairCorr |
0.98 | KMKAX | Kinetics Market Oppo | PairCorr |
0.98 | KMKNX | Kinetics Market Oppo | PairCorr |
0.98 | KMKYX | Kinetics Market Oppo | PairCorr |
1.0 | KNPAX | Kinetics Paradigm | PairCorr |
1.0 | KNPCX | Kinetics Paradigm | PairCorr |
1.0 | KNPYX | Kinetics Paradigm | PairCorr |
0.98 | LSHEX | Kinetics Spin Off | PairCorr |
0.98 | LSHUX | Horizon Spin Off | PairCorr |
0.98 | LSHCX | Horizon Spin Off | PairCorr |
0.98 | LSHAX | Horizon Spin Off | PairCorr |
1.0 | KSCYX | Kinetics Small Cap | PairCorr |
1.0 | KSOAX | Kinetics Small Cap | PairCorr |
1.0 | KSOCX | Kinetics Small Cap | PairCorr |
Moving against Kinetics Mutual Fund
0.72 | KMDNX | Kinetics Multi-disciplina | PairCorr |
0.49 | VSGAX | Vanguard Small Cap | PairCorr |
0.66 | SMPIX | Semiconductor Ultrasector Steady Growth | PairCorr |
0.66 | SMPSX | Semiconductor Ultrasector Steady Growth | PairCorr |
0.64 | FIKGX | Fidelity Advisor Sem | PairCorr |
0.64 | ONERX | One Rock Fund Steady Growth | PairCorr |
0.64 | FELIX | Fidelity Advisor Sem | PairCorr |
0.64 | FELAX | Fidelity Advisor Sem | PairCorr |
0.64 | AMHYX | Invesco High Yield | PairCorr |
0.63 | FELCX | Fidelity Advisor Sem | PairCorr |
0.63 | FSELX | Fidelity Select Semi | PairCorr |
0.6 | TTEEX | T Rowe Price | PairCorr |
0.6 | TREMX | T Rowe Price | PairCorr |
0.56 | AAAGX | Thrivent Large Cap | PairCorr |
0.53 | JGMIX | Janus Triton | PairCorr |
0.53 | JGMRX | Janus Triton | PairCorr |
0.53 | JGMAX | Janus Triton | PairCorr |
0.53 | JGMCX | Janus Triton | PairCorr |
0.53 | JGMNX | Janus Triton | PairCorr |
Related Correlations Analysis
0.97 | -0.65 | -0.7 | -0.55 | WWNPX | ||
0.97 | -0.45 | -0.6 | -0.33 | KMKNX | ||
-0.65 | -0.45 | 0.78 | 0.97 | QFVOX | ||
-0.7 | -0.6 | 0.78 | 0.72 | MGFIX | ||
-0.55 | -0.33 | 0.97 | 0.72 | RYVPX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Kinetics Mutual Fund performing well and Kinetics Small 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 Small'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WWNPX | 1.26 | (0.22) | 0.00 | (0.22) | 0.00 | 2.58 | 9.15 | |||
KMKNX | 0.79 | (0.08) | 0.00 | (0.06) | 0.00 | 1.43 | 5.99 | |||
QFVOX | 0.50 | 0.19 | 0.15 | 0.95 | 0.09 | 1.09 | 2.90 | |||
MGFIX | 0.23 | 0.01 | (0.35) | 0.25 | 0.21 | 0.42 | 1.17 | |||
RYVPX | 0.85 | 0.16 | 0.14 | 0.30 | 0.74 | 2.32 | 4.99 |